EURUSD: Fed funds futures project rate cut in 2024, EUR/USD hitsRecent data indicates that the Federal Reserve Chairman Jerome Powell and the FOMC have noted a decrease in the anticipated reduction in federal funds rates for 2024. Forecasts were at 100 basis points (bps) last week, but this week they have decreased to 76 bps, which is in line with pre-Fed data.
The FOMC is continuing to oppose dovish pricing while attempting to maintain the possibility of a rate hike. In spite of these efforts, only 23% of experts now believe that interest rates will rise at the next meeting on January 31, 2024.
The EUR/USD currency rate dropped to its lowest point since the release of the most recent non-farm payrolls data in tandem with these market developments. Meanwhile, the US 2-year bond
Eurusdtrend
EURUSD Technical Analysis And Trade IdeaIn this video, we embark on an in-depth look of the EURUSD currency pair, delving into the evident uptrend displayed across both the monthly (1M) and weekly (1W) timeframes. Within this forex pair, we've encountered a noteworthy resistance level, hinting at the possibility of an imminent retracement. Throughout our discourse, we will delve into the exploration of a potential trading opportunity, the intricacies of technical analysis, and offer valuable insights into effective forex trading strategies.
It is paramount to underscore that the insights shared within this content are designed solely for educational purposes and should not be construed as financial advice. Trading in the currency market carries inherent risks, emphasizing the critical necessity of incorporating robust risk management techniques into your trading strategy.
💡 EURUSD: On the way to a slight correctionThe corrective momentum on EURUSD halted at the 1.0700 level, with the price currently forming a bullish pin bar candle. This creates a double pin bar pattern near the resistance level, indicating a potential resurgence of buying interest. Therefore, it's advisable to maintain your existing long position. If the price manages to break above the 1.0750 resistance level, you might contemplate adding a new order.
Long Position traders looks happy! EURUSD {08/11/2023}Educational Analysis says EURUSD may go long according to my technical.
This is not an entry signal. I have no concerns with your profit and loss from this analysis.
Why long?
Broker FXCM.
Bull/Long Traders look positive on the long position of this pair, The Last lower high has been respected, Which means the market is in bullish trades for this pair.
EURUSD fair value gaps are unfilled in a 4-hour time frame.
The last Analysis is jointly connected in this updated one.
So, trade is already on with RR is 1: 50.44
I HAVE NO CONCERNS WITH YOUR PROFIT OR LOSS.
Happy Trading, Fxdollars.
The USD fell, extending the decline from last week. Will the EURThe U.S. dollar edged lower in early European trading Monday, falling to a six-week low and extending last week's decline on a less hawkish stance from the Federal Reserve.
At 03:20 ET (08:20 GMT), the Dollar Index, which tracks the greenback against a basket of six other currencies, fell 0.1% to 104.782, after falling more than 1% last week, the sharpest decrease since the middle of last year.
The dollar has weakened since the Federal Reserve's policy-setting meeting last week, when the central bank offered dovish signals about more interest rate hikes.
EUR/USD rose 0.1% to 1.0743, with the euro rising to levels last seen in September on dollar weakness, rather than any form of regional economic strength. Which area?
This tone was reinforced by Friday's official jobs report, which showed that US nonfarm payrolls grew less than expected in October. The data suggests the US labor market is cooling. more, which has been the main driver of the Fed's hawkish stance this year.
EURUSD 4H : New forecast EURUSD
New forecast
The price of EUR/USD rose up last week as it approaches the expected positive target at 1.0760, and is moving within an ascending channel that supports the chances of surpassing this level and opening the way for further upward correction during the coming sessions, heading towards visiting the 1.0807 and 1.0836 areas as the next main stations.
Therefore, we expect to witness further rise in the immediate term, supported by the moving average 50, taking into account that failure to breach 1.0760 will put pressure on the price to bounce down and test the pivotal support at 1.0700 before determining the fate of the next destination more clearly.so the main condition to be continue at the bullish trend is stability above 1.0760 and then our target will be activate .
The expect range trading for today it will be between the resistance line 1.0760 and support line 1.0700.
resistance line : 1.0760 , 1.0807
support line : 1.0700 , 1.0686
Thank you for considering my analysis and perspective and If this post was useful to you , don't forget to subscribe and like ❤️
EURUSD short term Shorts to 1.06400This week I will be covering my sell setup idea towards an area of demand to end up buying with the trend. However due to DXY shift in trend, I will be looking for buys for EURUSD later on. Currently as of now price is inside an area of a 4hr supply zone so im expecting price to react off it to cause a retracement back down.
Scenario (A) - Is for imminent sells to the downside as im currently waiting for price to complete the distribution via a clean CHOCH to the downside, it will hopefully then give us a clean order block for us to enter from. However, if this Supply gets violated (which is possible due to the strong bullish entry in the zone), I will then see that price will want to sweep the liquidity above and tap into the daily supply POI above. This will be ideal as price is at a much premium rate.
Scenario (B) - Is that price will breach the zone we are currently in to take out the liquidity above, once it does that I will be looking for sell oppurtunities around the daily supply zone to target the 1.06400 mark in order to continue the bullish trend upwards. So currently we will be selling down to the demand so we can eventually trade with the trend.
My confluences for EURUSD shorts are as follows:
- Overall trend on the HTF (weekly/monthly) is bearish.
- Price tapped in to a 4hr supply zone and there is a daily supply just above.
- Momentum is slowing down expecting price to distribute and choch to the downside.
- Imbalances were left below due to NFP news so im expecting it to get filled via a pullback.
- For price to continue in its recent bullish trend im expecting price to come back to those demand levels anyways.
P.S. Even though price is bearish overall, It has chnaged charcter and broken structure on the 4 hourly. Short term I am bullish and I will be looking for potential buys, but for now im selling down to eventually buy at a discounted price.
EURUSD - Potential downside to imbalance ✅Hello traders!
‼️ This is my perspective on EURUSD.
Technical analysis: Now price is in bearish order block and we could see a rejection only if price changes the structure on lower timeframe. I see a potential downside price to fill the imbalance lower.
Like, comment and subscribe to be in touch with my content!
Part 1: Equity Derivatives - A Beginner's GuideWhat are derivatives?
Basic interpretation : something which is based on another source.
A derivative is a contract or product whose value derives from the value of the base asset. The base asset is called the underlying asset.
i.e., Sugar prices will rise if sugarcane prices increase due to low production. It means sugarcane is the underlying asset of sugar because the value of sugar is associated with sugarcane.
There is a broad range of underlying assets:
Metals: lead, gold, silver, copper, zinc, nickel, tin, etc.
Energy: coal, natural gas, etc.
Agri commodities: corn, cotton, pulses, wheat, sugar, etc.
Financial assets: Stocks, bonds, forex, etc.
There are two types of derivatives:
1. Exchange-traded: A standardized derivative contract, listed and traded on an organized exchange.
2. Over-the-counter/off-exchange trading/pink sheet trading:
A derivative product in which counterparties buy or sell a contract or product at a negotiated price without exchange
Instruments of derivatives market:
There are four instruments in the derivatives market:
1. Forward:
Forward is a non-standard agreement or agreement between two parties that allows you to buy/sell the asset at the agreed price for a pre-decided date of the contract.
Forwards are negotiated between two pirates, so the terms and conditions of the contract are customized.
These are called over-the-counter(OTC).
2. Future:
Future contracts are similar to forwarding contracts, but the deal is made through an organized and regulated exchange rather than negotiated between two counterparties.
A futures contract is an exchange-traded forward contract.
3. Options:
A derivative contract that gives the right but not the obligation, to buy or sell an underlying asset at a stated strike price on or before a specified date.
Buyers of options- Pays the premium and buys the right
Sellers of options - Receives the premium with the obligation to buy/sell underlying assets.
4. Swap:
A swap is a derivative contract between two counterparties to exchange for the cash flows or liabilities from two different financial instruments.
It is an introduction article. I will cover all these topics in detail.
Swap helps participants manage risk associated with volatility risk interest rate, currency exchange rates, & commodity prices.
Index:
Index = Portfolio of securities
An Index shows how investors experience the economy. Is it progressing or not?
A Stock market index gathers data from a variety of companies of industries. The data forms an overall picture and helps investors compare market performance through past and current prices.
Financial indices represent the price movement of bonds, shares, Treasury Bills, etc.
Importance of Index:
1. An index is an indication of a specific sector or gross market.
2. It helps investors to pick the right stock
3. An index is a statistical indicator. It represents an overall change or part of a change in the economy.
4. In OTC & exchange-traded markets, It used as an underlying asset for derivatives trading
5. An index helps to measure for evaluation of portfolio performance.
6. Portfolio managers use indices as investment benchmarks.
7. Index illustrates investor sentiments.
Types of index:
There are four classifications for indices:
Equal Weighted Index:
Each company is given the same weightage in the composition of this index. Equal-weighted indexes are more diversified than market capitalization-weighted indexes. This index focuses on value investing.
Free-float index:
In finance, equity divides into different among various stakeholders like promoters, institutions, corporates, individuals, etc.
A tradable stake for trading is called a free-float share.
i.g, If XYZ company has issued 5 lakh shares with the face value of Rs 10, but of these, 2 lakh shares are owned by the promoter, then the free-float market capitalization is Rs 30 lakh.
Free-float market capitalization: Free-floating shares * Price of shares
Index: BSE SENSEX
Market capitalization-weighted index:
In this index, each stock is given weightage according to its market capitalization.
High market cap = High weightage
Low market cap = low weightage
Market Cap= Current market price * total number of outstanding shares
i. e, if XYZ company has 1,000,000 outstanding shares and a market price of 55 rs per share will have a market capitalization of 55,000,000.
Index: Nifty 50
Price Weighted Index:
High price = More weightage
Low price = Low weightage
Popular price-weighted index: Dow Jones industrial average & Nikkei 225
I will upload the second part soon.
Show your love with likes and comments.
Thank you :)
Money_Dictators
EURUSD: European stock futures higher; BOE decisionThursday is expected to see a stronger opening for European stock markets after Wall Street saw a big increase on mounting expectations that the Federal Reserve has finished raising interest rates.
After the US Federal Reserve's most recent policy-setting meeting, investors grew more confident that the next move in US interest rates would be a decrease rather than an increase. European stocks are predicted to carry on the strong momentum on Wall Street overnight, with the Nasdaq Composite up 1.6%.
As was largely anticipated, the Fed held interest rates constant on Wednesday. Chairman Jerome Powell did not explicitly commit to the concept of another rate hike, however, in his remarks.
Back in Europe, it was the turn of the Bank of England to make its most recent monetary policy announcement at
EURUSD Technical Analysis And Trade IdeaIn this video, we provide a comprehensive analysis of the EURUSD currency pair, with a particular focus on the current bearish sentiment in higher timeframes. Throughout this presentation, we explore fundamental aspects of technical analysis, covering elements such as the ongoing trend, price movement dynamics, market structure, and other essential components of technical analysis. As we progress in the video, we closely examine a potential trading opportunity.
It's essential to highlight that the information presented in this content is purely for educational purposes and should not be construed as financial advice. Engaging in foreign exchange market trading involves a significant level of risk. Therefore, it's vital to thoughtfully incorporate risk management strategies into your trading plan.
EURUSD Where to next?Looking at the charts on the weekly TF, price is attempting a retest on the previous support already broken. If it holds as a new found resistance we just might see price push lower on $EURUSD. For now, I'd rather wait to see the way price will choose to move. Key area in focus is 1.06964
Happy trading. Follow and like for more. Thanks
Disclaimer:
All trade ideas are given for educational purposes and should not be treated as an investment advice, hence do your due diligence. Past results does not guarantee future results
EURUSD correlating with the DollarHi trading friend, so, EURUSD has a strong bullish push this morning,
but she has fallen a bit since. I do think it's important to keep your eyes on her if you watch her on a day by day or week by week basis to see if a new high will be made or if she will continue her overall bearish movement based on the higher timeframes.
💡 EURUSD: Potential Resistance areaThe EURUSD is nearing the initial resistance level at 1.0630, with a subsequent resistance at 1.0660. If these levels are breached, there's a strong possibility of an upward price trend encountering further resistance zones.
For today, keep a close eye on the resistance at 1.0630 and potentially 1.0660 if the price retraces. If a selling signal materializes at either of these levels, it may be a suitable opportunity to initiate a sell position.
In the event of a significant price surge, we will adopt a wait-and-see approach to evaluate the market's structural conditions before making any further calculations.
EURUSD: Euro slides after inflation data from Germany and SpainOnly a few days after the European Central Bank completed its longest interest rate bull run in 25 years last week by maintaining the key policy rate at 4%, the euro slipped 0.1% to 1.0554 as data indicated that inflation in the euro zone was declining.
Germany's most populated state, North Rhine Westphalia, saw a 3.1% year-over-year increase in consumer prices in October, down from a 4.2% increase the previous month, according to data released early on Monday.
In addition, the Spanish CPI increased by 3.5% annually, less than the 3.8% predicted, and by 0.3% in October, less than the 0.6% predicted.
💡 EURUSD: Next predictionEconomic Challenges of the EU Region: The primary concern for the EUR is the unfavorable combination of growth and inflation in the EU region. Disappointing activity data in the region is a persistent trend, which is even more striking given the persistent downgrade of eurozone growth expectations.
Pessimistic target: Based on cited concerns, HSBC is bearish on EUR/USD, predicting a move towards 1.0220. HSBC takes a short position from 1.0576 with a target of 1.0220.
💡EURUSD: under pressure from the US economyThe USD index stabilized at approximately 106.57, with investors analyzing the potential implications of recent positive economic data in the United States on the Federal Reserve's stance on interest rates.
Data released on Friday revealed an increase in U.S. consumer spending in September, driven by higher purchases of motor vehicles and increased travel, which is expected to continue supporting economic growth in the final quarter of the year.
According to the CME Fed Watch tool, despite the prevailing anticipation that the Federal Reserve will keep interest rates unchanged in its upcoming policy decision later this week, the market is factoring in approximately a 19% probability of a rate hike occurring in December.
"The geopolitical situation in the Middle East remains a significant concern for the financial markets," commented Chris Weston, head of research at Pepperstone.
In currency markets, GBPUSD experienced a marginal decline of 0.02% to reach $1.21195, while EUR also saw a similar 0.02% decrease, bringing it to $1.0563.
EURUSD: ECB pauses interest rate hike as inflation shows signs The European Central Bank (ECB) declared that it will no longer be increasing interest rates as a result of a decrease in lending and declining inflation. Boris Vujcic, a member of the ECB Council, made the statement on Croatian state media, HRT1. President Christine Lagarde's ECB recently halted its extraordinary tightening campaign, keeping interest rates steady for the first time in almost a year.
The inflation rate for the euro zone is expected to drop to 3.1% this month from its peak of 10.6% in October 2022. Recent estimates of the economy's growth are in line with the ECB's 2% target. Commercial lenders have quickly changed the interest rates on loans and mortgages in reaction to these developments. Saver, however, feels less of an influence from these adjustments.
EURUSD BUY FROM STRONG SUPPORT ZONE!!!HELLO TRADERS,,
As i am watching this pair is currently trade as we had analysis in our previous chart
which is attached in comments and successfully achieved given Tp's now i am expecting euro will drop more till the weekly support zone as we know the ECB Interest rates of Oct noting changed
and ECB President Christine Lagarde had a dovish speech in previous week for euro so we are expecting more downside to the strong support zone ahead and then we will get buying trades from that zone with a very low risk and looking for higher rewards
This is just Trade Idea kindly share Ur thoughts on EURUSD Pair it will help traders community
we appreciate Ur loves and support Stay tune with Us for more updates
EURUSD Trades Looking For Long, But Daily is Down.{25/10/2023}Educational Analysis says EURUSD may go long according to my technical.
This is not an entry signal. I have no concerns with your profit and loss from this analysis.
Why long?
Broker OANDA.
After a downtrend on the daily timeframe, A 4-hour time frame looks promising up to the recent lower high,
Long setup after eating stop loss from Short Sellers,
Because EU fair value gaps are unfilled in a 4-hour time frame.
The last Analysis is jointly connected in this updated one.
So, trade is already on with RR is 1: 4.45
I HAVE NO CONCERNS WITH YOUR PROFIT OR LOSS.
Happy Trading, Fxdollars.