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Tug of War Among Central BanksThere is a tug of war situation among the central banks to hike interest rates. What is the bad and the good that will come out from this? i. Last week of October, European Central Bank officials announced another massive 75 basis point hike, increasing interest rates at the fastest pace in the history of the euro currency. ii. This week, the Federal Reserve is expected to increase rates by 75 basis points for the fourth time in a row. iii. The Bank of England could join the club on Thursday. Content: . The Interest Rate race has just started, why? . The impact on different currencies . It may not be all bad news, why? With higher interest rates, it attracts investors to buy its currency, in this case the USD. Currency is always a pair, when USD strengthens, the other side weakens. When a currency gets weaker, it is very bad news for inflation because they will have to pay more on their imports. Therefore in order to counter inflation, one of the best measures is to hike rate Expect more volatility in the currencies market, meaning currencies will take its turn to move. And if you are a trader, you should welcome volatility. Because with volatility, there are opportunities. GBP Futures 0.0001 = $6.25 0.001 = $62.50 0.01 = $625 0.1 = $6,250 1.1000 to 1.2000 = $6,250 Disclaimer: • What presented here is not a recommendation, please consult your licensed broker. • Our mission is to create lateral thinking skills for every investor and trader, knowing when to take a calculated risk with market uncertainty and a bolder risk when opportunity arises. CME Real-time Market Data help identify trading set-ups in real-time and express my market views. If you have futures in your trading portfolio, you can check out on CME Group data plans available that suit your trading needs www.tradingview.com
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CME:6B1!Education
by konhow
77
EURUSD - Regression Channel SINCE 2008Hi Traders, Investors and Speculators 📈📉 Ev here. Been trading crypto since 2017 and later got into stocks. I have 3 board exams on financial markets and studied economics from a top tier university for a year. Daytime job - Math Teacher. 👩‍🏫 In today's update, we're taking a quick look at the Forex pair that everyone is watching👀 - the EURUSD. When viewing from a macro perspective on the monthly timeframe, it's clear that the Euro has slowly been losing steam, actually since 2008 already! And during this time, the regression channel has NEVER broken. Resistance zone at the top (blue channel) and support zone at the bottom (red channel). I've also added two of my own yellow trend lines to confirm the meeting point in the middle, this could be an indication of an important zone to watch. I'm leaning to possible rejection here after recovery towards the upside. Currently, I expect the price to continue trading in this channel and I suggest that the best way to trade this pair is to buy support and sell resistance with the dollar cost average method. Unfamiliar with the dollar cost average method? More info HERE: _______________________ 📢Follow us here on TradingView for daily updates and trade ideas on crypto , stocks and commodities 💎Hit like & Follow We thank you for your support ! CryptoCheck
Short
by CryptoCheck-
20
Using DXY to Predict Bitcoin 📈 Winter for the EuroHi Traders, Investors and Speculators 📉📈 Ev here. Been trading crypto since 2017 and later got into stocks. I have 3 board exams on financial markets and studied economics from a top tier university for a year. If you're following multiple markets you'll e aware that the Euro trades at a 2-Decade low against the dollar, and that the Dollar Index (DXY) is trading at a 20 year high. Things are about to get much worse for the Euro - winter is coming. Russia recently added to Europe's energy crisis by shutting of key gas taps. With this, there is pressure on the ECB / Europe Central Bank to tighten monetary policy. As noted by Bloomberg, there are expectations for the central bank of Europe to raise rates with 75 basis points as soon as Thursday. This is bearish for the Euro, and bullish for the Dollar, as imports from the US increases over winter time. This is, in short, how I come to my conclusion and expectation of the continued rise of the DXY over the next few months. The only natural target, would be the previous ATH / resistance zone. EURUSD Chart : This brings us to the next topic, the correlation of the DXY to the Bitcoin chart. For this, it's quite simple to use the correlation coefficient technical indicator and too overlap the BTCUSDT chart. By doing so, we realize that there is a mostly inverse relationship between BTC and the DXY. Thus, to state the obvious, if the DXY continues to rise, we can expect the price of BTC to continue to fall. Interestingly enough, there are two confirmations around the $12K price mark for Bitcoin. Thank you for watching, tune in again tomorrow ! _________________ 👀 Follow us here on TradingView for daily updates and trade ideas on crypto , stocks and commodities 💎 👍Hit like & Follow 🔔 We thank you for your support ! CryptoCheck
TVC:DXYShort
by CryptoCheck-
23
EUR/USD DOWNTREND REVESAL IS POSSIBLE🔸️Ticker Symbol: EUR/USD 🔸️Timeframe: 4 Hour 🔸️Investment Strategy: Long TECHNICAL ANALYSIS: EUR/USD is currently in an overall downtrend but we could potentially see a push higher in the coming week. At the moment we are testing a strong level of support at 0.995. If we can hold this level I do believe we can see a push higher. Along with this area of support we do have our white line on the bottom dashboard heading in an upward direction overall showing money is continuing to flow into this forex pair. If we can continue in this pattern there is a good possibility, we could see 1.019 next week. Thanks for following! 🔔 Follow for daily stock, crypto and forex technical analysis. ⚠️ Trading is risky, and I understand nothing is guaranteed. Proper risk management should be in place at all times to minimize losses. Please consult a financial advisor before trading. All Inclusive Trading LLC is not a financial advisor and may not be held liable for any losses which may occur.
Long
by TrendsiTrades
EURGBP takes first step, but will we see a new continuation?Hi, and welcome to Thursday’s update. In today’s video, we are focusing on the EURGBP. Price formed a solid bar higher in yesterday’s session and could be the start of a new continuation. Price continues to trade outside the downtrend, and we could be seeing a possible start of a new uptrend after yesterday’s solid close higher. We want to see a break of the current resistance level (.8453) and a break of the existing supply area that runs up to .8470. If buyers can clear these levels, we will be looking for a new continuation to be confirmed. If the trend does continue, we would be looking at .8533 as the next point of resistance. The GBPUSD is also a factor, and we will be looking for a break lower on that pair to help boost the case of the EURGBP. A close back below .8435 would suggest that this pattern could be failing, and traders may need to give the market more time. If you have any thoughts on this pattern or on the EURGBP, we would love to hear your feedback. We hope you are enjoying your Thursday and good trading.
Long
by Eightcap
Could we see a new move lower on the EURUSD?Hi all, welcome to Wednesday’s update. Focus today is on the EURUSD daily chart as we continue to watch the current consolidation after buyers failed to clear resistance and sellers took back control in yesterday’s session. Price remains in its downtrend, and we continue to see price hold its pattern of trend with LLs and LHs. Sellers just moved through the short-term uptrend yesterday, but buyers are active today, and we are seeing some higher movement holding the consolidation pattern. History could be on the seller side as we have seen two previous moves lower from points of consolidation. To signal a sell, we want to see today’s buying fail and a new decent break of yesterday’s low. If we see a higher close today and a new move back to the top of the consolidation range, this may indicate that seller strength is not as strong as thought yesterday. Thanks for tuning in, and we wish you all the best for the rest of the day. Good trading.
Short
by Eightcap
EURUSD, buyers starting to set up a new continuation? Welcome to Thursday's update. So far today, we have been watching the EURUSD as buyers have started to fight back after some demand crept in yesterday. We are watching the current price to see if a new continuation can confirm on the 4H chart as price continues to sit on its new fast uptrend. We can see the latest trend forming after buyer's first leg higher broke the last downtrend, but we still need to see price confirm with a new push higher from this point. We would like to see a test of 1.0250 resistance, and a break of that level could confirm that we have a new trend underway. The ECB meets later today, and rates are expected to increase by 25 basis points. This is a special occasion as rates have not moved in the EU for some time now. Attention will always be on the statement and if there are hints of more to come. Will this give the EUR a short-term boost? We want to see price continue to trade firm until the decision. If we see a break of the current trend or a move below 1.0155 this could be a bad sign for buyers on the short term. Ensure you tune in for today's ECB meeting at 8:15 am EST. Enjoy the rest of you your day and good trading.
Long
by Eightcap
EUR/USD 20 year low what happens with Peace?EUR/USD has taken the brunt of the USD strength since the Ukraine War and Russian sanctions soured the economic outlook of the Eurozone. What happens with peace? Well obviously we rally but the argument is that with the ECB acting as well we will not just bounce but fly back above EUR/USD 1.10. Now timing this potential outcome is the issue and we could rally organically from 20 year lows if the USD weakens as well. FX Options are a solution and on our easyMarkets Options are made accesible for everyone. 3 month EUR/USD is currently 240 pips so we have a long time for peace with a maximum loss of 240pips. For more information on Options, Professional traders will get a 1-1 tutorial from a FX options Dealer.
Long
by easyMarkets
EURCAD Intraday Long Opportunity Welcome back! Here's a potential buy scalp opportunity for KiSS 2.0 Strategy or whatever entry criteria you use. ***EURCAD - listen to video analysis. We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support! Brian & Kenya Horton, BK Forex Academy
Long
by BKTradingAcademy