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Interestrates

XAUUSD potential movement and entry1) NEWS TO NOTE: THE FEDERAL RESERVE AND THE BANK OF ENGLAND INCREASED INTEREST RATES BY 0.75% EACH WHICH STRENGTHENED USD AND GBP WHICH IS BAD NEWS FOR GOLD. JEROME POWELL (CHAIRMAN OF FEDERAL RESERVE GAVE A VERY HAWKISH SPEECH A COUPLE DAYS AGO IN WHICH HE AFFIRMED THAT INTEREST RATES WILL BE RISING WHICH ALSO STRENGTHENED USD) TODAY (FRIDAY 4TH) US NONFARM PAYROLLS CAME OUT WITH BETTER THEN EXPECTED DATA ABOUT US EMPLOYMENT MORE EMPLOYMENT →MORE PEOPLE IN ECONOMY →MORE MONEY IN CIRCULATION →MORE INFLATION → MORE REASON FOR FED TO INCREASE INTEREST RATES → STRONGER USD → WEAKER XAUUSD 2) UPCOMING NEWS TO NOTE: THURSDAY 10TH NOVEMBER CPI (upcoming September US inflation report) →THIS WILL EFFECT GOLD BECAUSE IT EFFECTS USD Stubborn readings could translate into sustained elevation in Feds rate hike odds (sustained higher interest rates). While this would be good news for the US Dollar, it will likely be bad news for US stocks and gold prices. 3) TECHNICAL ANALYSIS I expect the price to have a short drawback towards the primary resistance line, however, the primary resistance line (top resistance line) is unlikely to be tested (touched by price) due to the bullish momentum of gold. Then I expect gold to continue on its uptrend. If the primary resistance line is tested, it would be an excellent entry with a risk to reward of 1:2. If it is not tested, i wouldn't advise a buy order, unless there is candle patterns and chart patterns which suggest a strong bullish momentum (for example a engulfing candle or a 3.82 candle or a close above candle. In the past couple of days there has been higher lows and higher highs however this is only intraday, and over a bigger time-frame gold is bearish. Notes: PlEASE GIVE ME FEEDBACK I WOULD APPRECIATE IT SO MUCH TRADE WITH CAUTION HAVE A GOOD DAY THANKS SNIPER
FXOPEN:XAUUSD
by haadimilli
2
BNP Paribas (BNP.pa) bullish scenario:The technical figure Triangle can be found in the daily chart in the French company BNP Paribas S.A. (BNP.pa). BNP Paribas is a French international banking group. With 190,000 employees as of February 2021, the bank is organized into three major business areas: Commercial, Personal Banking & Services (CPBS), Investment & Protection Services (IPS) and Corporate & Institutional Banking (CIB). BNP Paribas is the largest banking group in Europe, after HSBC, and ninth largest Banking group in the world. The Triangle broke through the resistance line on 04/11/2022. If the price holds above this level, you can have a possible bullish price movement with a forecast for the next 37 days towards 52.65 EUR. Your stop-loss order, according to experts, should be placed at 41.53 EUR if you decide to enter this position. BNP Paribas SA joined European peers in getting a lift from rising interest rates, with higher income from lending and debt trading propelling earnings past analysts’ estimates.Net interest income at the Paris-based bank rose 9.6% from a year ago, and fixed-income trading jumped 25%, just ahead of the average for the biggest Wall Street firms. Risk Disclosure: Trading Foreign Exchange (Forex) and Contracts of Difference (CFD's) carries a high level of risk. By registering and signing up, any client affirms their understanding of their own personal accountability for all transactions performed within their account and recognizes the risks associated with trading on such markets and on such sites. Furthermore, one understands that the company carries zero influence over transactions, markets, and trading signals, therefore, cannot be held liable nor guarantee any profits or losses.
EURONEXT:BNPLong
by legacyFXofficial
DXY's Life After the November Hike The US Federal Reserve hiked interest rates by 75bps, taking US rates to 4.00% In the accompanying statement, it was stated that "In determining the pace of future increases in the target range, the Committee will take into account the cumulative tightening of monetary policy, the lags with which monetary policy affects economic activity and inflation, and economic and financial developments." This indicated that they would slow down the pace of rate increases if the upcoming economic data showed softness (weaker than anticipated). This played to the sentiment of the market, expecting some dovishness from the Feds. The DXY fell almost immediately from 111.33 to a low of 110.50. However, during the press conference, Chair Powell commented that the terminal rate is likely to be higher than expected (The current expectation is 5.00%). This led to the DXY reversing the downward move, to climb above the 111.78 price level, almost immediately . The DXY has been climbing steadily today, with the price breaking above the 112.50 resistance level and the previous swing high. Moving forward, the DXY is likely to continue with the trend, climbing toward the next key resistance level of 114 (with an area of hesitation, and possible reversal, around the 113 round number level, as experienced at the end of October 2022)
TVC:DXYLong
by JinDao_Tai
3
BTC warning from last post for bullsAs I explained in my last post earlier today , the internet rate hike may not necesarily ensure a bull trend because as in nature , the laws of moving averages and other indicators must eventually be respected and followed. The candlestick did Indeed fall bellow a support key level on the 4hr chart following the spike upwards of the bars pump. I still contend that the price should be expected to reach the MA 200 on the 4 hr prior to heading back up .
BINANCE:BTCUSD.PShort
by miketheleisureman
S&P 500 RECESSION ANALYSIS!EARLIER, i had posted saying if the us markets goes further down what will be there point. (check the link section) lets go on further, recession means what earned everything lost, reached its breakeven point. what profit gained has gone away, with net having no loss and no profit. FIBONACCI ANALYSIS: Fibonacci describes this statement in a very beautiful manner. if the price is trading at the 0.5 level then it is has reached its recession point. although do note that 0.5 level is also a deciding level. okay, i will come to this later. lets talk about this idea that why is the US started recovering. interest rates had started coming down, and the indices are reacting very positively towards it. i have explained to Fibonacci that now the recession has been completed according to this indicator. MOVING AVERAGES(50 AND 100): both the moving averages(50 and 100), are meeting at one point, and they will now repel and move upwards. RSI: yet it needs to give a breakout, but is definitely showing divergence(the two purple lines), relating to price action TREND LINES: THE BLUE TREND LINE: yet needs to be breached, and yes this is the move that will make the break of it. many of the great tech stocks have massively come down, and now they are showing divergence and a good upside move is gonna come. FINAL WORDS: US markets will have a boom in their upside movement, as many of them kept on selling their positions, and such the interest rates have started coming down and will become normal within 1-2 years, so from now onwards the next year will be a great run for the US markets. i will come to my point which i earlier which i had left in the middle, in my previous s&p analysis(link below), i had mentioned if s&p goes further down then recession stage, then at what point will it go down, and what will be the levels furtheron. but since interest rates have started coming down, and mostly all the other economical news has been factored, i say that now there is a great space that us markets can have there bull run, and they will have, because its so clear that markets are tend to go upside, and they are the ones who react at first. thank you.
SP:SPXLong
by raghavchoudhary2016
XAUUSD - KOG REPORT - FOMC!This is our view for FOMC today, please do your own research and analysis to make an informed decision on the markets. It is not recommended you try to trade the event if you have less than 6 months trading experience and have a trusted risk strategy in place. The markets are extremely volatile and can cause aggressive swings in price. Really short FOMC Report today as we're already taking advantage of the range and shorting from above. Illustrated on the chart are the key levels to look for if there is an FOMC move! Its likely to be priced in, however, the press conference with Powell after the statement may move the market. We'll be looking again for extreme levels to long or short the market, anything in between we'll leave for intraday trading as we don't really want to get caught mid-move. From Camelot this morning: XAUUSD 02/11/22 1H Support: 1639 / 1635 / 1630 / 1624 / 1620 / 1613 Resistance: 1645 / 1654 / 1667 / 1670 / 1675 / 1681 KOGs Bias for the day: Bearish below 1655 with targets below 1630 and below that 1613 Bullish on break of 1655 with targets above 1665 and above that 1680 Summary: Excalibur target above which we said yesterday was likely. Let’s see how the price reacts around the 60-65 region if it gets there. Plan remains the same until we break and hold above the key level. FOMC today so please take it easy on the markets. Don’t risk your accounts for one hit wonder trades! Please do support us by hitting the like button, leaving a comment, and giving us a follow. We’ve been doing this for a long time now providing traders with in-depth free analysis on Gold, so your likes and comments are very much appreciated. As always, trade safe. KOG
FX:XAUUSD
by KnightsofGold
12
EURUSD before FED Today, we have news that will determine the next move on the dollar. There is a higher probability for a strong USD but the market could also surprise us and that's why it will be probably best to trade after the news. The main sell scenario would be to wait for price to reach the parity level and leave a rejection wick there. However, if it reaches the parity level with a bullish impulse and it doesn't show rejection, we won't be looking to sell! We may see tricky moves in both directions and that's why we need patience!
by ForexTrendline
2
DJI come with me to see this sadly story...The DJI after this mini-bull run makes many people get confused about the economy and, if we are in the bottom of the correction but the things is this movements aren't natural and are made just for make think the people the situation is under control and ¨this gonna be temporary¨ but the reality is this are just the first consequences of 2008/2020 and the massive money print behind of those crisis. If in FOMC'S meet Powell decides to make an increase on the interest rate higher that the previous (0.75) will confirm the situation is gonna get worse in the market and in the economy in general.
DJ:DJIShort
by CVPD
2
Bitcoin Looks so BearishHello friends. i saw a big and bad shape marobuzu candle. did you see it? we back under MA55 and after a pullback to it (22100 level) i think we should preapre to breakdown 20500 level and go toward 19000 again. please control your Risks. Protect from capital is the first step for any trader and investor. be patience... we dont have good economic conditions. and winter is coming... the weather will be cold and europe cant be warm... when you cant warm yourself , you cant buy bitcoin certainly. and US interest rate will grow another 0.75 in coming months... share me your opinion please. hope all of you enjoy my analysis.
BShort
by TraderAmin-KZ
8
Important week for EURUSD This week, we have FED Interest Rates. This is the most important event for the market right now! We're probably going to see big fluctuations in price and the best opportunities will be after the news on Wednesday. One option is to wait for EURUSD to go near 1,0090 and see if there will be a rejection during the news. If price action confirms the entry, then that will be a great setup. We're not sure if price will rise and reach that level so we don't recommend looking to buy immediately!
by ForexTrendline
5
CaixaBank (CABK.mc) bearish scenarioThe technical figure Triangle can be found in the daily chart of the Spanish company CaixaBank, S.A. (CABK.mc). CaixaBank, S.A., is a Spanish multinational financial services company. It is Spain's third-largest lender by market value, after Banco Santander and BBVA. CaixaBank has 5,397 branches to serve its 15.8 million customers, and has the most extensive branch network in the Spanish market. It is listed in the Bolsa de Madrid and is part of the IBEX 35. The Triangle broke through the support line on 29/10/2022. If the price holds below this level, you can have a possible bearish price movement with a forecast for the next 12 days towards 2.850 EUR. Your stop-loss order, according to experts, should be placed at 3.5860 EUR if you decide to enter this position. Risk Disclosure: Trading Foreign Exchange (Forex) and Contracts of Difference (CFD's) carries a high level of risk. By registering and signing up, any client affirms their understanding of their own personal accountability for all transactions performed within their account and recognizes the risks associated with trading on such markets and on such sites. Furthermore, one understands that the company carries zero influence over transactions, markets, and trading signals, therefore, cannot be held liable nor guarantee any profits or losses.
BME:CABKShort
by legacyFXofficial
The week ahead - AUD (31 October 2022)AUDUSD reversed from the 0.6520 high last week to sit just above the 0.64 support level, ending the 250pip swing last week. The RBA interest rate decision is due on Tuesday and the expectation is for a rate hike of 25bps taking interest rates from 2.60% to 2.85%. In the previous meeting, the RBA conveyed that it was looking to tune back on the scale of future rate increases. However, recent CPI data from Australia indicated that inflation was still increasing, which might force the RBA to rethink the decision to slow down on the rate hikes. From the previous RBA rate decision, the price spiked up but was not able to sustain a move higher, only to trade lower later into the week. (check the previous RBA interest rates analysis) Check the DXY analysis, if the DXY does strengthen due to the FOMC interest rate decision, the AUDUSD could first fluctuate along the 0.64 price level before trading lower towards the 0.6170 support level.
Short
by JinDao_Tai
1
The week ahead - DXY (31 October 2022)Towards the end of last week, the DXY showed some recovery as it bounced from the 109.50 price area to retest the 111.00 price level. However, the DXY retraced to 110.66 to end the trading week. This will be a big week for the DXY, with the release of the decision of the FOMC regarding the Funds Rate, Statement, and the accompanying press conference due on Thursday. Rather than the interest rate decision, focus more on the forward guidance regarding the path of future rate decisions and the FOMC's view of economic performance. If the DXY fails to trade above the 111 price level early in the week, the DXY is likely to continue to slide and retest the support area of 110 and 109.30. Recent weakness in the US economic data had provided some doubt as to whether the FOMC will persist with its current aggressive path of rate hikes, hence the slide in the DXY. The FOMC is forecasted to increase by 75bps, taking interest rates to 4.00% at the upcoming meeting. This decision is likely to have been priced in already. At the last meeting, the DXY traded higher from the 111 price level, which started the climb toward the high of 114.77. This time, look for the DXY to bounce from the support area possibly toward the 112 resistance level Following the rates decision, on Friday, we'll have the release of key employment data for the US, the Non-Farm (NFP) employment change. The forecast is for a 200k change, from the previous 263k, with the unemployment rate expected to increase slightly to 3.6%. Depending on the reaction from the FOMC news, the NFP news event is likely to have little impact unless there is a significant surprise in the data release. (Stay tuned for further updates throughout the week)
TVC:DXYLong
by JinDao_Tai
2
ECB Interest Rate Decision PreparationThe ECB is due to release its interest rate decision today 8:15pm (GMT+8) The current market forecast is for a 75bps hike, taking the interest rate from 1.25% to 2.00%. This decision is likely to have been fully priced in. The EURUSD had climbed to reach a high of 1.0095 on the back of the DXY weakness and possibly with markets anticipating the 75bps rate hike to come. Currently, the EURUSD is retracing as the DXY recovers by bouncing off the 109.50 price area. In the lead-up to the news release, I'll be keen to see 1) a deeper retracement between 1.00 and 1.0040 2) price to stay above the parity level That will allow for a buy-stop order at 1.0050, stop loss below parity and take profit towards the 1.019 60 resistance level, resulting in a 1:2 risk-reward trade setup. If the ECB disappoints, or if the price breaks lower on the release of the news, due to the priced in effect, then I'd cancel the order. Remember that volatility in the EURUSD will have a significant impact on the DXY, which could affect all major currencies, especially in the short term.
Long
by JinDao_Tai
4