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Euro dips to 3-week low as Fed trimsThe euro is down considerably in Thursday trade. Currently, EUR/USD is trading at 1.1550, down 0.53%. Earlier in the day, the euro fell to 1.1528, its lowest level since October 13th. There were no surprises from the Federal Reserve meeting, as policy makers trimmed the QE programme by 15 billion dollars/month. The move was nonetheless highly significant, as it marks the first tightening in policy since QE was introduced as a response to the economic downturn in early 2020 due to the Covid pandemic. Although the move was communicated to the markets in advance, it was unclear as to how much the Fed would trim, and an amount other than 15 billion dollars could have shaken up the US dollar. The Fed's move was aptly described as a 'dovish taper', in that the Fed continues to maintain a dovish stance as far as future rate hikes and inflation. Fed Chair Powell said after the meeting that the bank would remain patient and wait until the job market was stronger before raising rates, emphasising that the Fed would encourage job growth through low rates. As for inflation, Powell stuck to his well-worn script that the current bout of high inflation is "expected to be transitory" and will ease lower. Powell appears to be odds with the markets, which are far more hawkish and have priced in several rate hikes for 2022. Inflation has been running at 4% over the past five months (double the Fed's target) and it's becoming a stretch to argue that this is a transitory trend, with no sign that inflation will cool anytime soon. What is interesting is that other major central banks are also preaching patience and arguing that high inflation is transitory. Earlier today, the BoE surprised the markets by maintaining rates; the BoE had signalled that it would raise rates in order to contain inflation. However, the BoE echoed the Fed when it stated today that the factors causing high inflation were transient and that it expected inflation to ease in several months. The ECB is also singing from the same hymn sheet - the bank has projected that inflation will be "subdued" in the medium term, and earlier in the week, ECB President Christine Lagarde said that the bank had no plans to raise rates in 2022. There are resistance lines at 1.1658 and 1.1754 1.1501 is providing support. This line has held since July, but was under pressure earlier in the day. Below, there is support at 1.1440
by OANDA
It is the FED day The markets are likely to choose a directional price path after the announcement and press conference that will wrap up around 3 PM Eastern. While the market is pricing in hiking, it’s not actually pricing in tightening. Or to put it another way, it’s not pricing in the kind of move that would meaningfully slow down growth or inflation. Aspen Trading S/R levels are showing resistance @ 4,628.25 and we should wait for the market direction after FED announcement. Overall, SPX500 looks really good for a bullish move to the upside. Please like, share and follow if you agree with the analysis. Note - Aspen Trading S/R levels are invite only. They can be accessed through my profile information. Disclaimer: This analysis is for information purpose only and does not constitute any investment advice.
FX:SPX500Long
by tradingswift
INTEREST RATE DECISION IMPACT II. PARTI think we are nearing the end and just like the Federal Reserve help to put the bottom in in March of 2020 I think they are going mark the top in at the end the this year making (2021). How the mechanisms work in short. At this point in a long-term economic cycles you seen the financilization of everything near the end of the dominance of economies that only global reserve currency becomes one trade. Business Land Stores of valu All move in tandem against the currency at the sole discretion of the Central Bank We've seen in last two years unprecedented money supply in the intervention in our economy by the Central Bank that results have been record high asset prices and record-breaking inflation. Federal Reserve faces unpopular decision holding back on it easy money policy. Its comes in two forms either raising interest rates or selling assets. The FED currently doing which is buying acsetss injecting new money what they will do in near future is selling assets thus they will extract money from the economy . They stated very clearly the economy is not yet strong enough to raise interest rates. Thus the first thing that they plan on doing is reducing assets purchases and then after that point they will start selling and raising interest rate at some point. Timeline for this when will this tapering will happen and when will cause a crash as result of tightening would definitely not happen until at least tigtening begins so its pretty much rules out this year because they've stated that they're gonna let us know when it's going to happen . The earliest that begin to reducing asset purchases is closer to the end of this year but it does take a little bit of time for the effect of monetary policy to be felt in economy. The effect does not will be inmediant, but for you at time need to positioneted your assets accordingly. We have time , which is great but if we step earlie we gonna leave money on the table. FED TIMELINE According to the Federal Reserve with light to have their total asset purchase per month down 0$ purchases by the end of 2022 if not a little bit earlier. Current120 billion dollars ( min) In the next part I will let you know why they need hike rates, and how its connected with Joe Biden agenda. Now the most important things to interpret the coming message from Jeremy Powell on Wednesday. Please look after if you dont know M2 money supply
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by ElGatoTrade
Will Jerome Powell Bury Gold Miners?The VanEck Gold Miners ETF has had a countertrend rally this month, rebounding from a 17-month low. But now could be the time sellers return. The first pattern on today’s chart is the $33.25 price zone. GDX bounced at this level in November and July. It marked the high in early September and seems to be resistance again this week. Next, stochastic has been in an overbought condition. This reading also marked tops in May, August and September. Third, consider upcoming events like the Federal Reserve meeting and non-farm payrolls next week. Those could potentially boost interest rates and the U.S. dollar, which may be negative for precious metals. Finally GDX is forming an inside week, a potential sign of its recent bounce slowing. This pattern also occurred at tops in August 2020 and May 2021. (See below.) TradeStation is a pioneer in the trading industry, providing access to stocks, options, futures and cryptocurrencies. See our Overview for more.
AMEX:GDXShort
by TradeStation
Bitcoin (BTC/USD) Daily Chart Analysis For October 23, 2021Technical Analysis and Outlook: As to technical analysts, the next drive higher will meet the target of Key Res $65,990, and retest of completed Inner Coin Rally marked the same. The downside support is Mean Sup $57,400 and Key Sup $ 53,900. However, the present fractal model suggests that the next significant target of interest will be the Impending Outer Coin Rally marked at $81,330 - Flagged by Trade Selecter many moons ago.
BITSTAMP:BTCUSD
by TradeSelecter
Analysis of the Federal Meeting todayThe meeting of the members of the Federal Reserve was held today at 17:30 Iranian time. In this post, we will analyze his speech and the direction of the market. Remarks by Mr. Powell US Federal Reserve Chairman Jerome H. Powell said in a statement today: 1- Inflation is expected to decrease 2- Trying to control inflation and employment 3- Reduction of inflation in the first half of 2022 4- Waiting for the debt limit to be lifted Conclusions from Powell's speech: The United States is working to boost trade and businesses in the post-corona era by increasing liquidity. This increases inflation by increasing liquidity For this reason, increasing liquidity increases inflation and, due to the higher cost of using labor and consumer goods, creates a catastrophe (similar to Iranian policy) if left unchecked. Mrs. Yellen's words US Treasury Secretary Janet Louise Yellen said today that I would like to make a few points: Waiting for the debt limit to be lifted Failure to raise the debt ceiling would be a disaster Market reaction to these negotiations: The US dollar index (DXY) fell from 94.373 to 94.107, after which the gold and currency pairs on the right side of the US dollar entered an uptrend. In the currency pairs that have reached the bottom, you can now expect an upward trend. Please follow me and like this post. I'm on Twitter too. (Trying to be the best)
TVC:DXY
by mohamadrezaKhorsand
3
FED interest rates and BTCFED has on the 22 of september that from november of this year onwards it will no longer inject as much liquidity into the market as it used to do, and it also announced that it will raise interest rates sooner than expected, further increasing the demand for US dollars, and theoretically reducing the price of bitcoin. The interest rates hikes will start on 2023, further impacting the price of bitcoin. This only shows the high likelihood of decline in bitcoin prices in the future, but, right now, it could still try to rise to higher levels, and in the low probability that the FED managed to create inertial inflation, an even more agressive rise in prices in the future. The objective of this idea in the end is to warn people that a change in fundamentals just happened, and that it will most likely negatively affect bitcoin prices. In technical terms, it broke the uptrend that it formed from the corona crash, and could try to find support in the 2015 uptrend, but i would not want to see the 38k level broken, much less the 30k level broke, a break in the 30k level would unequivocally indicate the start of a bear market, and one that could last years like the 2017 bear market.
BNC:BLX
by moonman1488
1
US30Hey guys, just an update from my side since we had our FOMC statement and press conference by FED chairman Jerome Powell. The FED hinted that they are positive that the US economy is growing stronger, "With progress on vaccinations and strong policy support, indicators of economic activity and employment have continued to strengthen. The sectors most adversely affected by the pandemic have improved in recent months, but the rise in COVID-19 cases has slowed their recovery.", even if it's not optimal but should grow as they contain the virus. A vague directive was also alluded to regarding the monetary policy, "The Committee seeks to achieve maximum employment and inflation at the rate of 2 percent over the longer run. With inflation having run persistently below this longer-run goal, the Committee will aim to achieve inflation moderately above 2 percent for some time so that inflation averages 2 percent over time and longer‑term inflation expectations remain well anchored at 2 percent. The Committee expects to maintain an accommodative stance of monetary policy until these outcomes are achieved.", this doesn't give investors the needed confidence to hold their long positions and we may see a continued downward movement and this is not a major sell off but a mere correction in the market. They also alluded to the fact that they may start their tapering process soon (likely to have a timeline in the next meeting) "Since then, the economy has made progress toward these goals. If progress continues broadly as expected, the Committee judges that a moderation in the pace of asset purchases may soon be warranted." Taking this few points into consideration, I am still waiting for a retest of the broken structure as well as the order block that was left untested. I believe we will see a downward movement 33270 in the remaining half of the month into November. Out of the 10 most weighted components of the Dow on two we down and not significantly either (UNH -0.83% & AMGN -0.49%) and these two stocks are only 2 of 4 of the components that are down so it is important to be cautious when selling too. Keep the risk minimal! Do me a solid, like & comment on the ideas I post and follow me for more. To read and interpret the statement for yourself please view it here: www.federalreserve.gov This analysis does not constitute financial advise but rather an analysis & interpretation of financial instruments.
OANDA:US30USDShort
by Austin_Palmer
4
TQQQ Buying OpportunityPrice has pulled back from ATH of 153 to a major support of 127 and rallied back to 135 intraday. I should not enter a long position until I have bullish confirmation that the uptrend is continuing. Feds speak this Wednesday & Friday, if inflation is increasing at a faster rate than expected feds may begin to boost interest rates sooner then expected, if this happens it will have a negative effect on the market and possibly flush even lower. What I See: Daily Chart - Price Gapped Down & Pulled Back To 100 Day EMA (Yellow) Which Is Also Key Support Of 127 on Daily Chart & Wicked Off of It While Price Closed Directly on The Key Level Of 133.35 With Bears Still in Control - We Have Seen A lot of Bear Momentum the Past 2 Days leaving us 2 possibilities Here... 1. Price Opens Above 133.35 Support & Rallies To 50 Day EMA (Blue) Acting as Resistance at The Same Key Resistance Of 137.50 Before Continuing Lower or Breaks Above the Key Resistance Of 137.50 & Continues Its Run 2. We Open Below the Support Of 133.35 & Continue Lower to Retest Support of 127 with a strong hold or possible break lower. - Keep in mind gaps normal get filled especially in indexes & ETFs - Fed Meeting on Wednesday & Friday meaning If Talks about raising interest rates sooner then expected is mentioned due to inflation that could have a negative short term impact on equity prices on the other hand if talks about holding interest rates stable due to inflation being controlled that could have a positive impact on equity prices.
NASDAQ:TQQQLong
by BillyTradesFutures
The target no one believes. NASDAQ There too many factor playing out and 2021 the Q3-4. Printing more and more money to stabilize market. Wont last. Too much devaluation of dollar would risk more to the ecnonomy. Money would become worthless and it will never be a hyperinflation again. Dollar is already hovering around lows but still building upwards. As we seen in 2020 the dollar spike hard at crash of all the bond buying and selling of stocks. In the greatest Pandamic of all time is the best year for big companies and worst for smaller ones. I proves big things are gonna come very soon. If you look at all the insider trasaction of 2021 you can see Walmart, Facebook , Amazon, Google , Netflix and many more of the biggest shareholders selling of big profits. Some every day and some every week. Tells they have fear and retail person have no clue. Time to call this move. The banksters did a massive move from highs with above 20% move to the upside to liquidate retails marginal calls. Prices of Lumber sored most in history and crash this summer to its lows again. We had minus price in WTI and almost 80 in WTI after its lows. Big things is going down and it will get a lost worse. Unemployment is still at its highs, what will happend when savings account and stockmarket will fail. 10x the 2008 is coming. By just looking at the FED system and the debt. We know. By looking at insider trasaction. We know. By looking at technicals are all levels we are going to have a big Deflation/Recession to stabilize the currency of domination and reset the economy to whats needed. Exit the market or do you placements. But dont get greedy for more upside.
OANDA:NAS100USDShort
by PivotX