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Usdcad aside trendline bulls and bears read the caption Logan, saying that it’s much too soon to think about cutting interest rates in the wake of the upside risk to inflation. This, in turn, forced investors to further scale back their expectations for the total number of rate cuts in 2024 to two as against three projected by the Fed, pushing the US Treasury bond yields higher across the board. The rate-sensitive two-year US government bond and the benchmark 10-year Treasury note surged to a four-month peak, which, in turn, lends support to the US Dollar (USD). Moreover, the disappointing Canadian jobs report, along with a fall in Crude Oil prices, is seen undermining the commodity-linked Loonie and acting as a tailwind for the USD/CAD pair. 
Short
by Mrsam36
Audusd will cross all time high read the caption The US dollar eased slightly after the US published strong jobs numbers on Friday. According to the Bureau of Labor Statistics (BLS), the economy created over 303k jobs in March, higher than last month’s 270k. The figure was higher than the median estimate of 212k. Additional data revealed that the unemployment rate retreated from 3.9% to 3.8% while the participation rate rose from 62.5% to 62.7%. The two figures were higher than the median estimate of 3.9% and 62.5% Wages also continued growing at a faster pace than EXPECTED
Long
by Mrsam36
Eurusd confirm analys of buy read the caption The European Central Bank (ECB) in Frankfurt, Germany, is the reserve bank for the Eurozone. The ECB sets interest rates and manages monetary policy. The ECB’s primary mandate is to maintain price stability, which means either controlling inflation or stimulating growth. Its primary tool is the raising or lowering of interest rates. Relatively high interest rates – or the expectation of higher rates – will usually benefit the Euro and vice versa. The ECB Governing Council makes monetary policy decisions at meetings held eight times a year. Decisions are made by heads of the Eurozone national banks and six permanent members
Long
by Mrsam36
EUR/USD Long, EUR/CAD Long and USD/CHF ShortEUR/USD Long Minimum entry requirements: • If 3 touch 1H continuation or 2 touch 1H continuation with 3 touch structural approach, 15 min risk entry within it. EUR/CAD Long Minimum entry requirements: • If 3 touch 1H continuation or 2 touch 1H continuation with 3 touch structural approach, 15 min risk entry within it. USD/CHF Short Minimum entry requirements: • If 3 touch 1H continuation or 2 touch 1H continuation with 3 touch structural approach, 15 min risk entry within it.
by StewySongs
1
Usdjpy dropping level read the caption In the bigger picture, correction from 151.81 (2023) high could have completed at 140.25 already. Rise from 127.20 (2023 low), as part of the long term up trend, is probably ready to resume. Decisive break of 151.93 resistance (2022 high) will confirm this bullish case. Next medium term target will be 61.8% projection of 127.22 to 151.88 from 140.22 at 155.21 This will remain the favored case as long as 146.46 support holds, in case of another pullback.
Short
by Mrsam36
Gbpusd bullish trend a good opportunity read the caption The US will also publish the final estimate of Q4 GDP data. In its last report, the statistics agency said that the economy expanded by 3.2% in Q4 after growing to 4.9% in the previous month. The US will publish this week’s initial and continuing jobless claims. The most important data of the week will be the US personal consumption expenditure (PCE) report set for Friday. This figure will come on the same day when most markets
Long
by Mrsam36
Usdcad bullish and bearish read the caption The 14-period Relative Strength Index (RSI) oscillates inside the 40.00-60.00 range, indicating indecisiveness among investors. A downside move below February 22 low at 1.3442 would expose the asset to February 9 low at 1.3423. A breakdown below the latter would extend downside towards January 15 low at 1.3383 On the flip side, the Loonie asset would observe a fresh upside if it breaks above December 7 high at 1.3622. This will drive the asset towards May 26 high at 1.3655, followed
Long
by Mrsam36
GBP/USD Short and GBP/CAD ShortGBP/USD Short Minimum entry requirements: • Tap into area of value. • 1H impulse down below area of interest. • If 2 touch 5 min continuation, reduced risk entry on the break of it. • If 2 touch 15 min continuation, 5 min risk entry within it, or reduced risk entry on the break of it. GBP/CAD Short Minimum entry requirements: • If 3 touch 1H continuation or 2 touch 1H continuation with 3 touch structural approach, 15 min risk entry within it.
Short
by StewySongs
4
USDCHF trendline fully bullish read the caption The USDCHF earlier today reached up to the highest level of the year at 0.90949. However the last three or four hours have seen a rotation to the downside after the weaker than expected ISM nonmanufacturing data. Fed's Powell also, the market at that sending yields lower and the US dollar lower in the process. That good news sent the price of the USDCHF down below is 100 hour moving average at 0.9043 and down to the 200 hour moving average 0.90296 Hundreds road lower, the prior highs from last week at 0.9061 and 0.90636
Long
by Mrsam36
Eurusd will go to top level read the caption Inflation in the eurozone continues to decline. March CPI eased to 2.4% y/y, down from 2.6% in February and below of the market estimate of 2.6%. This matched November’s 28-month low and was driven by the continued slowdown in food inflation. Monthly, CPI rose to 0.8%, up from 0.6% but below the forecast of 0.9%. Core CPI also declined, with a reading of 2.9% y/y. This was below the February gain of 3.1% and just shy of the market estimate of 3.0%. Core CPI, which is considered more significant than the headline release, has declined for an eighth straight month and dropped to its lowest level since February 2022. Germany’s inflation report
Long
by Mrsam36
Gold get ready to above 2300 read the caption Gold price trades higher, near all-time highs around $2,260. The precious metal strengthened after breaking above the prior lifetime high of $2,223 on March 21. More upside in the Gold price is possible as it is trading in an unchartered territory. All short-to-long term Exponential Moving Averages (EMAs) are sloping higher, suggesting strong near-term demand. The 14-period Relative Strength Index (RSI) hovers near 78.00, indicating a strong upside momentum. However
OANDA:XAUUSDLong
by Mrsam36
EURUSD done the sell cleatln to only buy read the caption The EUR/USD pair retreated ahead of crucial statements by key Federal Reserve officials. Michele Bowman, the head of the Kansas Fed, John Williams of New York, Loretta Mester of Cleveland, and Mary Daly of San Francisco, These will be important statements since they will come a day after the US published strong manufacturing data. According to the ISM, the country’s manufacturing PMI rose above 100 for the first time since 2022
Long
by Mrsam36