Get started

CPI

NQ - Interesting area!NQ - Interesting area! CME_MINI:NQ1! GLOBALPRIME:NAS100 Another key resistance area Highs: 13248.75 Lows:12957.00 Currently we are still within the ranges even though we've had CPI print we did escalate higher, but couldn't go above key resistance of: 13230 areas we could need break higher above that resistance to go towards levels of 13347.00. However, if we are to break below the lows I expect 12800 areas to be key support that could be reached! Pay attention! Trade Journal
CME_MINI:NQ1!
by Trade_Journal
ArmanShabanTrading |🔴 XAU/USD : Agree?The possible trend of gold in the 4-hour time frame is indicated on the chart, from the current area, there is a possibility of further correction of the price, but be careful that in a few hours we will have the CPI statistics and the Federal Reserve meeting, which can bring the market with high volatility , Pay attention to the supply and demand levels specified on the chart and you can enter trades in the specified zones with the appropriate trigger! OANDA:XAUUSD Follow me for more analysis & Feel free to ask any questions you have, I'm here to help. ⚠️ This Analysis will be updated ... 👤 Arman Shaban : @ArmanShabanTrading 📅 04.12.2023 ⚠️(DYOR) ❤️ If you apperciate my work , Please like and comment , It Keeps me motivated to do better ❤️
FX_IDC:XAUUSDShort
by ArmanShabanTrading
29
DXY Potential Forecast | Post CPI | 13th April 2023Fundamental Backdrop 1. CPI m/m printed 0.1% compared to forecasted at 0.2% 2. Fed hikes effects really slowing inflation down 3. USD fell shorting after, signifying the slowing down of inflation at a faster pace than what the market has been pricing in. Technical Confluences 1. Price rejected off resistance at 102.8. 2. Price looks good to form a new higher timeframe low and continue its bearish trajectory. 3. There has not been a strong confluence for any longs on the DXY thus far. Idea We are looking for price to continue its bearish trajectory till 101.67 and the probability of it forming a new low is now high. NOT FINANCIAL ADVICE DISCLAIMER The trading related ideas posted by OlympusLabs are for educational and informational purposes only and should not be considered as financial advice. Trading in financial markets involves a high degree of risk, and individuals should carefully consider their investment objectives, financial situation, and risk tolerance before making any trading decisions based on our ideas. We are not a licensed financial advisor or professional, and the information we are providing is based on our personal experience and research. We make no guarantees or promises regarding the accuracy, completeness, or reliability of the information provided, and users should do their own research and analysis before making any trades. Users should be aware that trading involves significant risk, and there is no guarantee of profit. Any trading strategy may result in losses, and individuals should be prepared to accept those risks. OlympusLabs and its affiliates are not responsible for any losses or damages that may result from the use of our trading related ideas or the information provided on our platform. Users should seek the advice of a licensed financial advisor or professional if they have any doubts or concerns about their investment strategies.
TVC:DXYShort
by OlympusLab
DXY Outlook 13 April 2023The DXY broke down from the 102 support level (now turned resistance) following the release of the US CPI data overnight. CPI y/y was released at 5% which indicated a consistent slowdown in inflation growth for the US, leading to increasing market expectation that the Federal Reserve is likely to pause on further interest rate hikes (hence the significant move lower on the DXY. Currently trading at the 101.50 price level, the DXY is likely to consolidate along this price level before continuing with the downtrend toward the next key support level of 100.85. However, watchout for a brief bounce on the DXY, with the 23.6% fib retracement at the 101.77 price level providing possible interim resistance.
TVC:DXYShort
by JinDao_Tai
1
🅱️ Bitcoin Grows 96% | CPI Release 12-April + Ethereum UpgradeBoth the Ethereum hard-work and the CPI numbers being released are considered negative events for the Cryptocurrency market and the world at large. Let's see what the chart has to say. On chart we have the CPI numbers starting October 2022, released November 10... Notice that every time the CPI numbers are released Bitcoin goes up (within the same month)... Ok, let's get started. 11 Days after the October CPI numbers were released Bitcoin hit bottom and has been growing since. 13-Dec. the CPI numbers were released, Bitcoin dropped for three days staying within a higher low and continued with its intended course, up. 12-Jan. the CPI numbers for December 2022 were released and Bitcoin continued with its intended course, straight up. 14-Feb. the CPI numbers for January 2023 were released and Bitcoin gained speed and hit a new 8 months high, total growth exceeding 60% since the Nov. bottom/low. A correction followed after this new high... It is normal to see a correction after strong growth, the market moves in waves. Now, Bitcoin has grown by a massive 96.5% since its November 2022 bottom/low and March's CPI numbers will be released tomorrow together with the Ethereum upgrade. How will this affect the market? Corrections are normal and happen all the time. We are likely to see a drop that ends up in a higher low just as it happened from mid-February through mid-March. This drop might be much smaller or we might not get a drop at all maybe just a few days red and then new highs... The release of the CPI has been positive for Bitcoin so far, we have to wait and see. Do you agree or disagree with this analysis? Share your thoughts in the comments section below. Remember, corrections are normal and if Bitcoin and Ethereum drop a little bit, the other Altcoins can grow... Positive all-cross. But if the numbers are good, they can all continue straight up. CPI Conclusion | Irrelevant The overall dynamic is pretty simple. Bitcoin hit bottom and after the bottom is hit the only place left to go is up. The CPI numbers are released Bitcoin goes up. The CPI numbers are released Bitcoin enters a correction. Either one or the other but since the trend is up we continue getting higher highs and higher lows, regardless of the CPI. Before the CPI numbers are released, Bitcoin grows. If the CPI numbers are good, Bitcoin continues growing. If the CPI numbers are bad, Bitcoin can correct just to continue growing. That's what we have so far since the November bottom/low has been hit. Namaste.
INDEX:BTCUSD
by MasterAnanda
28
US30 shortSharing my analysis and waiting patiently to enter US30 Short. As you can see, US30 is advancing to the Supply Zone, where it has to fill the imbalance in both 4Hr and 1Hr, hence looking forward to enter on a pin point zone where we can scale the profit towards the Demand zone taking out couple of imbalances. taking partials at 6.82R where as we scale unto 9.28R. Getting all set for the CPI and expecting the market to play accordingly. Safe Trade. Cheers Fxgoldsniper.
UShort
by Europeanbulls
2
US CPI and BoC Rate Today!A 6 day up move was broken yesterday with the Dollar falling below local support at 1.34900. The losses have continued today, however price looks to be holding as the market awaits the CPI and BoC rate news at 1:30pm and 3:00pm respectively. The Bloomberg's survey median forecast calls for a 0.4% increase in the core rate which if correct would lead to the expectation of a Fed hike once more this year. From a technical perspective the key levels to watch are 1.35600 and 1.34100, which is the top and bottom of the 6 day move. Looking back at recent CPI releases, the reaction has been relatively muted if there isn't a big surprise. However if the data does surprise a 100 pip move isn't uncommon.
by RuckSack
1
Levels discussed during the webinar 12 April12th April DXY break 102 to trade down to 101.60 (depends on CPI) NZDUSD: sell 0.6161 SL 25 TP 70 AUDUSD: sell 0.6615 SL 20 TP 50 USDJPY: up&downside potential, check chart GBPUSD: buy above 1.2410 SL 20 TP 100 EURUSD: buy 1.0940 SL 15 TP 30 USDCHF: do nothing for now USDCAD: watch BOC, sell 1.3480 SL 20 TP 60 GBPJPY : buy above 165 (test and reject trendline) SL 30 TP 100 (hesitation at 165.50) EURGBP: sell down below 0.8765 SL 20 TP 40 GOLD: test trendline up to 2033
TVC:DXY
by JinDao_Tai
DXY Potential Forecast | Pre CPI | 11th April 2023Fundamental Backdrop 1. CPI tomorrow will give greater clarity to the direction of the USD. 2. Last week's NFP result was positive and bullish for the USD, with unemployment rate falling to 3.5% yet again. 3. CPI m/m forecasted at 0.2% compared to previous 0.4%, market has been pricing in a further slow down in CPI. 4. CPI reading would provide insights to the next FOMC meeting and whether Fed continues to hike or pauses. 5. Core CPI m/m forecasted at 0.4% compared to previous 0.5%. 6. All in all, inflation has been slowing down and Olympus Labs forecast that the road to inflationary cooling will be a smooth one from here on out. Technical Confluences 1. Price rejected off resistance at 102.8. 2. DXY still bearish on H4 timeframe. 3. Price could potentially tap into the support at 101.67. Idea We are looking for price to continue its bearish trajectory till 101.67 and potentially form a new low. NOT FINANCIAL ADVICE DISCLAIMER The trading related ideas posted by OlympusLabs are for educational and informational purposes only and should not be considered as financial advice. Trading in financial markets involves a high degree of risk, and individuals should carefully consider their investment objectives, financial situation, and risk tolerance before making any trading decisions based on our ideas. We are not a licensed financial advisor or professional, and the information we are providing is based on our personal experience and research. We make no guarantees or promises regarding the accuracy, completeness, or reliability of the information provided, and users should do their own research and analysis before making any trades. Users should be aware that trading involves significant risk, and there is no guarantee of profit. Any trading strategy may result in losses, and individuals should be prepared to accept those risks. OlympusLabs and its affiliates are not responsible for any losses or damages that may result from the use of our trading related ideas or the information provided on our platform. Users should seek the advice of a licensed financial advisor or professional if they have any doubts or concerns about their investment strategies.
TVC:DXYShort
by OlympusLab
DXY Outlook 11 April 2023Note: Not sure what happened at 3am (GMT+8) with the candle reflecting a huge spike up and down. Does not show up on my MT4, so I shall take it as a glitch. Slightly surprisingly, the DXY strengthened strongly overnight with most major economies still on an Easter Monday bank holiday. It is most likely that because there are no/less counterparties to trade against the US Dollar, this "allowed" price to keep climbing higher. However, as the price found resistance at the 102.80 price level and the downward trend line, the current price action on the DXY signals a retracement to the downside. If the price breaks below 102.30 (which coincides with the 38.2% fib level) the DXY could retest the 102 round number support level again, with the 61.8% fib level close by. Price action is expected to remain choppy, up until the US CPI y/y release tomorrow, with the data expected to signal further slowdown in inflation growth for the US. This could indicate a slowdown in the FOMC rates decision, especially with the stronger than expected NFP data last Friday showing some "safety" in terms of unemployment.
TVC:DXYShort
by JinDao_Tai
4.25$ SupportDollar once again hit 4.25$ level which was resistance from 2016 to february 2022 when price went above and this way created support which was tested in may/june 2022, january/february 2023 and right now. It seems solid so I would expect 5$ level retest in the near future and that way creating double bottom on current support. But if price will go below 4.25 and the volumen will be significant it can fall down. On 12th April US CPI level is going to be published and on 14th April PL CPI. Having up-to-date information, I do not plan to open a position earlier than next week.
by ven0x0