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GBPJPY: BUYFundamental Analysis Here are the key takeaways from BoE meeting: 1. The Bank of England's Monetary Policy Committee has increased the Bank Rate by 0.5 percentage points to 4%. 2. The vote was 7-2 in favor of the increase, with two members preferring to maintain the Bank Rate at 3.5%. 3. Global consumer price inflation remains high, but is expected to have peaked. 4. UK domestic inflationary pressures have been stronger than expected. 5. The MPC projects that CPI inflation will fall to around 4% by the end of the year. 6. The MPC will adjust Bank Rate as necessary to achieve the 2% inflation target sustainably. 7. The extent of domestic inflationary pressure will depend on the impact of the Bank Rate increases. What implication could this have on sterling(GBP)? Well, these are my thoughts: The increase in Bank Rate by the Bank of England's Monetary Policy Committee could potentially have a positive impact on the GBP as a currency. A higher interest rate can increase the demand for a currency, as it makes it more attractive for investors to hold and deposit funds in that currency. Additionally, higher interest rates may also lead to reduced inflationary pressures, which can further boost the appeal of a currency. While it is true that higher interest rates can cause the value of a currency to appreciate, it can also make borrowing more expensive, which can impact consumer spending and lead to a slowdown in economic growth. This is where it gets tough, right? Disclaimer : This is not a financial advice. This is purely my opinion based on my knowledge of macro-economics. Technical Analysis Based on technical analysis of the GBPJPY currency pair, there are signs of upward price momentum. The price divergence observed on the M15, M30, and H1 timeframes suggests an over-extended market scenario, which could lead to a corrective move higher. A pristine internal supply zone, located between 159.358 and 158.655, has been created by recent whipsaw price action, providing further evidence that the market could move higher to liquidate this zone. As a result, I have established a near-term price target of this internal supply zone. If price successfully breaches this zone, I will maintain my position, considering the potential for further price appreciation. However, I'll continuously monitor the market, as additional factors and market developments could impact the performance of my position.
Long
by Samuel124
2
EURUSD before FEDToday we await the announcement of interest rates by the FED. This is the most important news right now and is sure to cause movement. Bear in mind that there will be press conferences 30 minutes after the announcement. Yesterday we discussed the buying zone which is already reached and we have a rise. It’s important to see confirmation of this movement after the news. Only then we can enter into new trades. If we see new rise, the first target will be 1,1000. In case of a clear movement we will be looking for further targets.
by ForexTrendline
6
Bearish EUR/USD 26.01.2023The EUR/USD pair has been trading in a tight range, with the bulls wanting the channel to continue but under a lot of selling pressure. The pair has been dropping since the start of the day and is currently trading around 1.09112. The market sentiment is bearish due to the mixed economic news and meetings that are scheduled today. The market is currently struggling to find a foothold with the US Dollar recovering from its earlier weakness. The European Central Bank (ECB) held its monetary policy meeting yesterday, but the meeting failed to provide any clear guidance. The Bank of England (BoE) is also due to meet today, and the outcome of this meeting could have a significant impact on the EUR/USD pair. The pair is currently heading towards the 1.08750 level, which is the bottom line of the rising trend channel. If the pair continues its downward trajectory, it could test the support level of 1.08750. The risk-averse market atmosphere is likely to keep the US Dollar in demand and make it difficult for the EUR/USD pair to recover.
by SherSHAA
3
NZDUSD PENDING VIEW BUYING SOON NZDUSD TRADING BULLISH on this analysis we saw a bigger pattern from previous correction and then price broke-out from the large correction and form a continuation correction to continue the trend #WHAT AM I EXPECTING: am waiting for a continuation pattern around 2 reaction zone #HOW DO WE ENTER: if continuation pattern form get in on the break of ltf continuation correction #TRADE INVALIDATION: a bearish impulse form followed by a correction i.e trend change #TRADE CRITERIA #reduce risk on a ltf correction #target 0.65786
Long
by REAL_CRYPTO_VIC
CPI & Inflation Rate USHello everyone! Let's take a look on what happened yesterday on the US financial market and understand the impact of CPI and inflation rate. The Consumer Price Index (CPI) and inflation news from the United States can have a significant impact on financial markets and the value of the U.S. dollar. The CPI measures the change in the price of a basket of goods and services consumed by households, and inflation is the rate at which the general level of prices for goods and services is rising. When the CPI and inflation numbers are higher than expected , it can indicate that the economy is growing, which can boost stock prices, lead to higher interest rates, and appreciate the dollar. This is because as the economy grows, companies will see increased demand for their products and services, which can lead to higher profits and stock prices. Higher interest rates can also attract more investors to bonds, which can lead to higher bond prices. Additionally, a strong economy can lead to increased demand for U.S. goods and services, and increased foreign investment in the U.S. economy. As a result, the demand for dollars increases, which can lead to an increase in the value of the dollar. On the other hand, if the CPI and inflation numbers are lower than expected , it can indicate that the economy is slowing down , which can lead to lower stock prices, lower interest rates and depreciation of the dollar. This is because as the economy slows down, companies will see decreased demand for their products and services, which can lead to lower profits and stock prices. Lower interest rates can also lead to less investors in bonds, which can lead to lower bond prices. Additionally, a weak economy can lead to decreased demand for U.S. goods and services, and decreased foreign investment in the U.S. economy. As a result, the demand for dollars decreases, which can lead to a decrease in the value of the dollar. It's important to note that the Federal Reserve uses inflation as an indicator to change the monetary policy, as they use interest rates as a tool to control inflation. Typically if inflation is too high, the Fed will increase interest rates to slow down the economy and curb inflation, and if inflation is too low, the Fed will decrease interest rates to stimulate the economy. These monetary policy decisions can also have an impact on the value of the dollar, as when the Fed raises interest rates, it can make the U.S. a more attractive place to invest, which can lead to an appreciation of the dollar. Conversely, when the Fed lowers interest rates, it can make the U.S. a less attractive place to invest, which can lead to a depreciation of the dollar.
ECONOMICS:USCPIEducation
by m_maia14
Bitcoin Scalping Signal for Day Trading🖥️ We have determined there is a 70% chance Bitcoin will RISE from our current entry point. 📉 LONG - BTC : $16,855 📉 💵 Length of trade: we are expecting BTC to hit a $200 scalp, with a high end of $300 - minimum expectation $125. 🕰️ Duration of trade: we are expecting BTC to try and retouch today's top, and then possibly continue its way up still till Friday. 📊🖥️ INDICATOR SHOWN ON CHART : Scot Signal Indicator
Long
by VirlVideo
1
GBPUSD before the big news!Today we expect US inflation (CPI) data to be released. This is some of the most important news right now, and it's making a big impact. Regardless of the values, we expect big fluctuations at the time of publication! Anyone who does not have experience and prefers more relaxed trading is recommended to just watch the movements! We have identified the possible scenarios and the levels we expect to be reached. One option we are looking at is GBPUSD. A drop to 1.2080 and a pullback will allow for a rally to 1.2300. Do not trade before the news! Do not trade if there is no confirmation of the expected scenarios!
by ForexTrendline
4
How the ES has reacted to EIA Petroleum Status ReportsEIA Petroleum Status Reports are considered high-impact news, yet how much do they impact ES futures? In the 30 minutes after it gets reported at 10:30am ET, here's how ES has reacted the last 5 times: Jan 4: 14.75-point range, closing up 0.21% after 30 minutes Dec 28: 11.5-point range, closing up 0.25% after 30 minutes Dec 21: 12-point range, closing up 0.12% after 30 minutes Dec 14: 8.75-point range, closing up 0.20% after 30 minutes Dec 7: 13.75-point range, closing up 0.09% after 30 minutes Plenty of range there to make money... and plenty of range to get whipsawed out for a loss. so be careful. Unless you have a specific strategy to trade the EIA Petroleum Status Report news, or you're in for a longer hold, consider sitting it out.
CME_MINI:ES1!
by TradingTruthseeker
DOW - NFP + Monthly low = ? FX:USDOLLAR Totally uneducated assumption but with the pandemic and recession I'd assume NFP will come back negative but who knows maybe that would encourage/force people to work to pay for increased living expenses due to inflation and rate hikes. Also the fact that people working multiple jobs for sperate companies count as a point for each job they work. 10x people working 3x jobs count for 30x people in the workforce. So not really much of an indicator of productivity but you never know... Either way, DOW (USD) is at a monthly low (support) and has bottomed out indicating new support. Price has broken the first resistance level and retested a support on Zone #1 (red) If NFP is positive, it should break the current resistance Zone #2 (yellow) and run up to Zone #3 (orange) + Possibly even higher, could be big volume due to the significance of this zone on the weekly. If it's negative i'd say we'll be retesting that weekly low again (Zone #0 Green) (*NOTE: This move will also indicate/influence the direction of the EUR/USD pair, as it is at a historical low)
FX:USDOLLARLong
by Quantified
XAUUSD shortSAXO:XAUUSD English: Hey, trader! Here we have the XAUUSD in the 4h time frame. I'm looking for a short opportunity. I'll look for a move up to 1819 to the resistance zone and then enter a short trade with the strength of the dollar. There is one important news in the afternoon tomorrow. So be careful! Theis news can change the direction of the chart very quickly! Deutsch: Hey, Trader! Hier haben wir den XAUUSD im 4h Zeitrahmen. Ich suche nach einem short Trade. Ich suche nach einer Bewegung bis 1819 in die Widerstandszone und gehe dann einen Short-Trade ein, fals the dollar in dem Moment bullish aussieht. Morgen Nachmittag gibt es eine wichtige Nachricht. Also sei vorsichtig! Diese Nachrichten können die Richtung des Charts sehr schnell ändern!
SAXO:XAUUSDShort
by NeptenFX