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CPI

Strifor || EURUSD-Week StartingPreferred direction: BUY Comment: The end of the previous trading week was not in favor of the US dollar , which we were preparing for and talking about during the previous week. The beginning of this week will most likely maintain this bearish sentiment for the US dollar and a short-term strengthening is expected for its main competitors, at a minimum. Against this background, for the euro we expect a re-test of the resistance area at the level of 1.09000. Most likely, the instrument will move to this resistance area as much as possible from the closing prices of the previous week (scenario №1) . If the American currency strengthens, a long position will be considered at the nearest support at 1.08000 (scenario №2). Additional comments on this trade will be provided as situation changes. Follow us! Thank you for like and share your views!
Long
by Strifor
1
Policy Divergence: BoC and RBNZ Take Opposing PathsGreetings Traders, In today's trading session, our focus is on NZDCAD, where we see a promising buying opportunity emerging around the 0.83500 zone. NZDCAD has been traversing a downtrend but is currently undergoing a correction phase, drawing nearer to the retrace area near the 0.83500 support and resistance zone. Adding depth to our analysis, recent fundamental developments are worth noting. Just yesterday, the Canadian CPI figures came in softer than anticipated. Meanwhile, during the night, the Reserve Bank of New Zealand (RBNZ) issued some notably hawkish guidance. This sets an interesting stage: while the Bank of Canada (BoC) is poised to initiate rate cuts come June, the RBNZ appears to be steering clear of such measures for the time being. This subtle policy divergence introduces a compelling dynamic that suggests NZDCAD may continue its upward trajectory. In summary, the confluence of technical retracement and fundamental policy disparities presents an opportune moment for traders to consider a bullish stance on NZDCAD.
Long
by JoeChampion
DOGE MONTHLY BREAKOUT? PLUS INV HEAD AND SHOULDERSObserved massive rally after the effects of the CPI report that surge BTC price past 6% and followed by other major coins. Now, I will tackle the possible BINANCE:DOGEUSDT breakout after the rally on the almost 2-month diagonal resistance trendline along with an inverse head and shoulders, a bullish pattern since the coin is on the downtrend that can be a sign of trend reversal for the coin. Other details for the setup and the approach for DOGE will be discussed in the idea threads below. Stay tuned!
Long
by luigi360swirl
XAU/USD | GOLD OVER ALL PLAN ( SMART MONEY ) DECRYPTERS Welcome to DECRYPTERS ! NOTE:- PLEASE READ FULL DESCRIPTION BEFORE CONCLUDING ANY THING upon analyzing gold over all trendi is bullish due to several factors why to buy gold ? building narrative because of followings:- 1 - geo political situation 2- banks demands for gold 3- inflation issues in us 4- japan currency devaluing issue 5 -brics 6 -infaltonun certanity 7- gold silver ratio smart money hates uncenrtanity , so they are buying alot of it over all gold is bullsih in yearly / monthly /weekly charts ( for now) Previously :- from 2432 2277 -2295 were called and we took buy live on our yt from those levels there was little hurdle at the area of 2313-2325 (as shown above in chart) now the hurdle is flipped overcome we are expecting bullish prices on gold until new all time high Forecasted gold projections based upon following :- Gold buying reasons at level of (2360 - 2374) 1 - Downward tredn-line from previous all time high( shown in yellow color) 2- Two green horizontal lines (advanced smart money level) 3 - Bullish parallel channel (which supports the smart money level and trend line) 4- The white line is showing trajectory ( of the expected move) 5- Volume profile and Volume Analysis (VSA) Also supporting buying Auction CORRELATION:- 1- Dxy losses recover from previous days causing gold to (range + bearish) 2 -us10 y recover its losses previous days causing gold to (range + bearish) 3- cpi and ppi data cool down effect 4 - No major news to make dxy $$ bearish until end of week( important point ) 5 -Silver local top adding confluence as well 6- Gold vs silver ratio ( above 80 ) meaning very high demand for gold in metal industry 7- new war or tension news is expected to give gold strentgh soon( in macro picture ) ASTROLOGICAL ASPECT:- as per astrology we are bullish on gold untill 21st of may ( approximate date) what will happen after that ? ? will gold fall ? will gold rise ?~ Stay tuned with decrypters for the update Thanks for reading the post and be with us till now , plz press like button if you like the post "Regards Decrypters"
OANDA:XAUUSDLong
by DECRYPTERS
7
Strifor || GBPUSD-US CPIPreferred direction: BUY Comment: The British currency is also expected to boost amid the publication of US CPI data . This is the most likely scenario and is indicated on the chart as scenario №1 . Login is expected just before the data is published. One can especially consider buy-position through pending orders if the price immediately falls to 1.25396 . Near this level, one can accumulate a buy-position with a target at the level of 1.27000 (scenario №2). Additional comments on this trade will be provided as situation changes. Follow us! Thank you for like and share your views!
Long
by Strifor
3
Strifor || GOLD-US CPIPreferred direction: BUY Comment: Before the publication of today's data on the US CPI , on gold , we have been following the previous trading idea that we gave at the beginning of the week. The price has already begun to move according to our scenario, but we must not forget about potential volatility amid the publication of today's data from the US. For this metal, we expect an approach to the historical maximum at the level of 2431.590 , and most likely, in the very near future, we will easily approach this target. Additional comments on this trade will be provided as situation changes. Follow us! Thank you for like and share your views!
OANDA:XAUUSDLong
by Strifor
1
Strifor || EURUSD-US CPIPreferred direction: BUY Comment: It didn’t take long for us to realize our previous trading idea for the euro . At the moment, we have the fact that the target has been fixed. Today, the market's focus will be on the US CPI , against the backdrop of which we expect another short-term growth in favor of the main competitors of the US dollar. The most likely scenario is an increase immediately after the publication of US inflation data (scenario №1). One can also consider buy-deal below current prices near the level of 1.07800 (scenario №2). We mark the target for short-term growth near the level of 1.09000, where the nearest resistance is located. Additional comments on this trade will be provided as situation changes. Follow us! Thank you for like and share your views!
Long
by Strifor
1
Strifor || SILVER-14/05/2024Preferred direction: BUY Comment: Against the backdrop of the upcoming news week, metals in particular are best viewed from a medium-term perspective. Here, for silver , the most likely scenario seems to be the formation of accumulation and then growth towards a local maximum of 30 exactly ( scenario №1). We also designate Scenario №2, and it is mainly necessary as a plan B in case of increased volatility, which is likely to happen. The best thing, in our opinion, would be to find a long entry point using a breakout strategy at the level of 28.69664. Additional comments on this trade will be provided as situation changes. Follow us! Thank you for like and share your views!
OANDA:XAGUSDLong
by Strifor
1
Levels discussed on 16th May Livestream16th May DXY: Retracing, needs to stay below 104.50. If support 103.990 broken, could trade down to 103.40 NZDUSD: Buy 0.6145 SL 20 TP 70 (Hesitation at 0.6180) AUDUSD: Sell 0.6710 SL 25 TP 50 USDJPY: Sell 153.55 SL 35 TP 75 GBPUSD: Sell 1.2655 SL 30 TP 80 (DXY recovery) EURUSD: Buy 1.09 SL 30 TP 70 (DXY weakness) Sell 1.0850 SL 30 TP 60 (DXY recovery) USDCHF: Sell 0.8960 SL 20 TP 65 USDCAD: Sell 1.36 SL 30 TP 50 Gold: Consolidating, needs to break 2400 to trade up to 2415
TVC:DXY
by JinDao_Tai
USD/JPY jumps as US inflation drops more than expectedThe Japanese yen has posted gains on Wednesday. The yen gained as much as 1% but has given up about half of those losses on the day. At the time of writing in the North American session, USD/JPY is trading at 155.73, up 0.45%. US headline inflation didn’t drop by much, but it was enough to send the US dollar down against the major currencies. Headline inflation rose 0.3% m/m in April, just below the 0.4% gain in March and the market estimate of 0.4%. Annually, headline inflation dropped to 3.4%, matching the market estimate and down from 3.5% in March. The 3.4% gain marked the first time in four months that inflation was not higher than expected. Core CPI dropped from 3.5% y/y to 3.4% y/y and 0.4% m/m to 0.3 m/m. Both readings matched the market estimate. Investors liked what they saw from the inflation report. Prior to the report, the likelihood of a September rate cut was 64% and rose to 71% after the report. The markets have fully priced in two rate cuts before the end of the year, but are they being too optimistic? There wasn’t anything in the inflation release that would point to inflation falling to the 2% target in the near-term and Fed Chair Powell said on Tuesday that the Fed plans to maintain rates in restrictive territory. It will be interesting to see how Powell reacts to today’s inflation report. Japan releases first-quarter GDP on Thursday and the economy is expected to bounce back. The market estimate stands at 0.1% q/q, compared to -0.4% in Q4 2023. Annually, GDP is expected to climb 0.4% y/y, after a 1.5% decline in the fourth quarter. USD/JPY tested support at 154.83 earlier. Below, there is support at 153.72 There is resistance at 156.88 and 157.99
by OANDA
CPI Index Rises over 43% per decade on Average - Don't be Fooledby the Politicians, Talking heads and Bankers. Governments can only Tax, Borrow & Spend Central Banks can only Print & Lend. If this index were to rise by the average of 43% You are looking at the CPI Index hitting 372 by Jan 2030 There is every likelihood this decade, will be a higher than average inflation rise. You must save in scarce Assets #Gold & #Bitcoin You must continue to in invest in #Technology #ETH & #LINK come to mind.
FRED:CPIAUCSLLong
by BallaJi
XAUUSD Demand and Supply Zone | 4H TimeframeXAUUSD Demand and Supply Zone | 4H Timeframe HEY Traders ! hope you are doing well - This prediction is based on Technical Analysis - Supply and Demand Zone path elaborated - Gold touched the supply zone and clearly rejected to now in a bearish circle - Usd High Impact news are Waiting to moving gold volatile - Our Target and Our Trend as Shown in our Analysis - We decided to stick with our idea until gold touched the points 2350-2345-2340.00 - Stick with Trend - Don't be opposite from Trend
OANDA:XAUUSDShort
by professionaltradersfx
GOLD FORECASTGold New Forecast The price of XAUUSD (Gold) is expected to be volatile today due to the release of the CPI news. The movement will depend on the results: if the CPI is higher than expected, it typically indicates rising inflation, which could lead to increased interest rates and potentially cause gold prices to fall. Conversely, if the CPI is lower than expected, it suggests lower inflation, which might result in lower interest rates and potentially drive gold prices up. The price will respond accordingly to the CPI results. So, if the CPI is higher than expected, the price will try to reach 2364 & 2357 & 2344 then 2331. otherwise if the CPI is Less or equal to expectations will try to do a Bullish trend which is 2384 & 2392. and the expectations are more positive, so it will effect a bearish trend to OANDA:XAUUSD Key Levels Bullish Line: 2384, 2392. Pivot Line: 2374 Bearish Line: 2364, 2357, 2344, 2331
OANDA:XAUUSDShort
by RojBarwari
⭐️ XAU/USD : CPI is coming , Bull or Bear ? (READ THE CAPTION)By analyzing the gold chart in the 2-hour timeframe, we observe that after the price drop to $2332, there was a demand surge, allowing the price to rise to higher levels as expected. After the price entered the Bearish BB zone at $2372, we saw a price drop to $2368. Currently, the price is trading around $2370, and in a few hours, we will have the important US CPI data. If the actual rate is higher than the forecasted rate, it could lead to a further drop in gold prices. Conversely, if the rate is lower than the forecasted rate, we might see a rebound in gold prices to levels above $2400. The supply zones are $2372 to $2378, $2389 to $2399, and $2409 to $2418. The demand levels are $2356 to $2361, $2332 to $2337, and $2306 to $2315. Please support me with your likes and comments to motivate me to share more analysis with you and share your opinion about the possible trend of this chart with me ! Best Regards , Arman Shaban
OANDA:XAUUSD
by ArmanShabanTrading
10
Strifor || NZDUSD-14/05/2024Preferred direction: BUY Comment: The short-term strengthening of the US dollar's main competitors is relevant, and the New Zealand dollar is no exception. It should even be noted that this currency pair is among the top for short-term growth today. Strengthening of the NZDUSD is expected towards the level of 0.60713 , as well as in the case of the Australian dollar, there is a possibility of more significant growth, however, there is no need to raise the target too much since in the medium term there will most likely be a downward reversal. According to our main scenario №1 , we expect growth from the current ones, and we can safely consider buying right now. Scenario №2 is extremely unlikely, but nevertheless, we highlight it as an alternative. Additional comments on this trade will be provided as situation changes. Follow us! Thank you for like and share your views!
Long
by Strifor
1
Strifor || AUDUSD-14/05/2024Preferred direction: BUY Comment: The current week will be the most intense compared to the previous one, as a number of important economic data are expected to be published. The focus will certainly be on the US CPI. Against this background, we still adhere to the buy priority for the Australian dollar and expect growth to the maximum level of 0.66460 from current prices (scenario №1) . This level is the main target, although you can expect a slight rise a little higher as part of a false upward movement. In the longer term, we also believe that the currency pair will turn downward. Additional comments on this trade will be provided as situation changes. Follow us! Thank you for like and share your views!
Long
by Strifor
1
Strifor || GBPUSD-Week StartingPreferred direction: BUY Comment: According to the British pound , buyers continue to fight for the support area at the 1.25000 level, which is the key area at the moment. For the coming week, the buy-priority will remain relevant, but you need to be careful, especially in the middle of the week, when US inflation data will be published. The likely best option for entering a long position is a trade on a breakdown of the level of 1.25396. This level is a local resistance, and if it is overcome, buyers can count on growth at least to the level of 1.26300 (scenario №1) . An alternative option is scenario №2 , where exactly the same breakout transaction is expected after testing the area of 1.24500 . Additional comments on this trade will be provided as situation changes. Follow us! Thank you for like and share your views!
Long
by Strifor
1
SPX500: Price discussion pre-US CPI dataToday's focus: SPX500 Pattern – Continuation Support – 5211 Resistance – 5267 Hi, traders. Thanks for tuning in for today's update. Today, we are looking at SPX500 on its daily chart. Today, we wonder if the SPX500 can maintain its current bullish bias and possibly test or break all-time highs. Yesterday, buyers fought back after the PPI data, helped by comments from Fed Chair Powell. Will we see retail sales and US CPI match or drop below data that is mainly expected to come in lower? Will this back up comments that maintained buyer hopes yesterday? On the other side of the coin, if data comes in higher, could this set off some sharp selling as buyers may find themselves in a bull trap? It could be an interesting CPI data today. Good trading.
EIGHTCAP:SPX500
by Eightcap