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Macro

USD/CAD Outlook (10 January 2022)Overall, USD/CAD is ranging across. Recently, USD/CAD broke below the key level of 1.27. The Canadian employment data released last Friday indicated a slowdown in jobs creation during last December while unemployment rate inched lower. Employment Change (Actual: 54.7K, Forecast: 24.5K, Previous: 153.7K) Unemployment Rate (Actual: 5.9%, Forecast: 6.0%, Previous: 6.0%) Also, the Canadian Ivey PMI data (Actual: 45.0, Forecast: 64.3, Previous: 61.2) released indicated that business activities in Canada contracted in December. Currently, USD/CAD is trading towards the support zone of 1.26100 and its next resistance zone is at 1.29200. Look for short-term buying opportunities of USD/CAD if it rejects the support zone of 1.26100.
Long
by JinDao_Tai
USD Overview (10 January 2022)Last Friday, USD weakened against all major currencies. The U.S. Non-Farm Payroll data released last Friday indicated a mixed set of results. While employment change was disappointing, the figures for last November and October were revised upwards, totalling 141,000 jobs. Furthermore, unemployment rate has hit a new pandemic low while average hourly earnings rose faster than expected. Average Hourly Earnings m/m (Actual: 0.6%, Forecast: 0.4%, Previous: 0.4% revised from 0.3%) Non-Farm Employment Change (Actual: 199K, Forecast: 426K, Previous: 249K revised from 210K) Unemployment Rate (Actual: 3.9%, Forecast: 4.1%, Previous: 4.2%)
TVC:DXY
by JinDao_Tai
REALISTIC MACRO PICTURE FOR BITCOIN - AND THE DECISION POINTThis chart gives a lot of macro technical outlook! If we mark the CYCLEs on the BTC over a log monthly chart, we can see that they connect and mark the top pretty good. This is of course common for all. Now, let's add the 3 more ARCs to mark the bottoms. Now, it starts to get a bit out of common. When we look at it, everytime after the TOP, BTC dropped below the ARCs and then swinged above it as a reaction. Then retraced back to 1.0 FIB or a bit below and later on started a parabolic run. I know that most of the people doesn't want to accept that the bull market is over. However, let's apply the same here for a moment. Currently, we are under the ARC. We may even see a wick below to 26-27k region but hold above and then start swinging back above the ARC and push all the way to 55-60k. At that point, just as everyone is expecting an ATH, Whales (unfortunately that's what they do) push back again to 30-40k region, touching 1.0 FIB, consolidate there for a while and then start the next parabolic run. That will take us to 140-150k range in the beginning of 2024. In this context, we will never close below 30k on monthly chart but will have a prolonged accumuation/consolditaion period for a couple of years. I again know that this is frustrating but this chart is signalling that. The battle with the central banks and IMF will not be easy Friends, it will be the greatest of all. FOR THE GOOD NEWS; As we come to 2024 with a price range around 140-150k, after the NEXT HALVING around Jun-Jul 2024, BTC will make a decision. At that point, i think pretty much every battle will be won against regulations and central banks/IMF. Adoption will explode!!! These will trigger a NEW ''S'' CURVE START and we'll break the expected cycle top and blast all the way to a Million (or more) mark. Let me know what you think
BITSTAMP:BTCUSD
by cmbaar
3
EUR/JPY Outlook (07 January 2022)Overall, EUR/JPY is trending upwards. Recently, EUR/JPY rejected the resistance zone of 131.500. The eurozone CPI flash estimate y/y data will be released later at 1800 (GMT+8). CPI Flash Estimate y/y (Forecast: 4.8%, Previous: 4.9%) Core CPI Flash Estimate y/y (Forecast: 2.5%, Previous: 2.6%) Currently, EUR/JPY is testing to break below the key level of 131. Its next support zone is at 130.000 and the next resistance zone is at 131.500. Look for short-term selling opportunities of EUR/JPY if it breaks below the key level of 131.
Short
by JinDao_Tai
EUR/USD Outlook (07 January 2022)Overall, EUR/USD is ranging across. The eurozone CPI flash estimate y/y data will be released later at 1800 (GMT+8). CPI Flash Estimate y/y (Forecast: 4.8%, Previous: 4.9%) Core CPI Flash Estimate y/y (Forecast: 2.5%, Previous: 2.6%) Currently, EUR/USD is testing to break below the key level of 1.13. Its next support zone is at 1.12000 and its next resistance zone is at 1.13800. Look for short-term selling opportunities of EUR/USD if it breaks below the key level of 1.13.
Short
by JinDao_Tai
USD/CAD Outlook (07 January 2022)Overall, USD/CAD is ranging across. Recently, USD/CAD bounced down from the key level of 1.28. The Canadian employment data will be released later at 2130 (GMT+8). Employment Change (Forecast: 24.5K, Previous: 153.7K) Unemployment Rate (Forecast: 6.0%, Previous: 6.0%) Also, the Canadian Ivey PMI data (Forecast: 64.3, Previous: 61.2) will be released later at 2300 (GMT+8). USD/CAD’s next support zone is at 1.26100 and its next resistance zone is at 1.29000. Look for short-term buying opportunities of USD/CAD.
Long
by JinDao_Tai
USD Overview (07 January 2022)Yesterday, USD strengthened against most major currencies except CAD and JPY. The U.S. Non-Farm Payroll data will be released later at 2130 (GMT+8). Average Hourly Earnings m/m (Forecast: 0.4%, Previous: 0.3%) Non-Farm Employment Change (Forecast: 426K, Previous: 210K) Unemployment Rate (Forecast: 4.1%, Previous: 4.2%) The U.S. ISM Services PMI data (Actual: 62.0, Forecast: 67.0, Previous: 69.1) released yesterday indicated a slowdown in the rate of expansion of the services sector in December.
TVC:DXY
by JinDao_Tai
USD Overview (06 January 2022)Yesterday, USD strengthened against most major currencies except GBP, EUR and JPY. The U.S. ADP Non-Farm Employment Change data (Actual: 807K, Forecast: 405K, Previous: 505K revised from 534K) released yesterday indicated a strong rise in employment in December. In the released meeting minutes, the FOMC highlighted that it is planning to start selling off its bonds once interest rate hike begins. The U.S. ISM Services PMI data (Forecast: 67.0, Previous: 69.1) will be released later at 2300 (GMT+8).
TVC:DXY
by JinDao_Tai
1