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DXY D1 - Short Correction ExpectedDXY D1 Like we mentioned, non-farm payrolls, average earnings and unemployment figures are coming out this afternoon 1:30pm UK time, so as the NA session comes into play. We can expect some nice volume. This may be the trend setter for the month ahead. We are obviously hoping to see the USD correct and pull down towards that 94.500 region, which would compliment our cable longs. Additionally, this would give us confidence in looking for resumed USD bull continuations from the 94.500 price.
TVC:DXYShort
by Trade_Simple_FX
1
$Gold TA in 4H TF : 01.07.22 $XAUUSDWell, as you can see, yesterday in the 4-hour time frame, we saw the first and most important bearish signal with the opening of the New York market, and the price started to fall exactly from the $ 1830 range, and so far it is in the $ 1790 range. It has given us a return more than 400 pips. If $ 1785 support is broken, the next targets are $ 1777 and $ 1765. Follow our other analysis & Feel free to ask any questions you have, we are here to help. ⚠️ This Analysis will be updated ... 👤 Arman Shaban : @ArmanShabanTrading 📅 07.Jan.22 ⚠️(DYOR) ❤️ If you apperciate my work , Please like and comment , It Keeps me motivated to do better ❤️
FOREXCOM:XAUUSDShort
by ArmanShabanTrading
4
Yen edges below 116, inflation nextThe Japanese yen has edged higher and is back below the 116 level. Still, the yen remains vulnerable, especially with US treasury yields moving higher. Earlier in the week, USD/JPY broke above116 line for the first time since January 2017. The dollar has managed to push the yen to 5-year lows on the back of rising US Treasury yields. The 10-year yield, which finished 2021 above the 1.50% level, hasn’t missed a beat in the first week of 2022 and has pushed above 1.70%. The widening US/Japan rate differential has been weighing on the yen, which is extremely sensitive to the rate differential. If US yields remain high, I would not be surprised to see USD/JPY break past the 118 mark over the coming weeks. Inflation has become a hot topic for the Federal Reserve and the BoE, as policymakers must deal with inflation levels that are double or triple the banks’ inflation target of 2%. In Japan, inflation has been at low levels for years, with deflation a constant problem. However, Japan hasn’t been immune to surging energy costs and rising prices of raw materials, and inflation is now getting some attention from the Bank of Japan. We’ll get a look at Tokyo Core CPI for December later in the day, which is expected to rise to 0.5% y/y, up from 0.3% in November. With the FOMC minutes behind us, the markets are anxiously awaiting Friday’s nonfarm payroll report. The ADP employment report surprised to the upside, with a massive 807 thousand new jobs, double the consensus of 400 thousand. The huge gain led Goldman Sachs to upwardly revise its forecast by 50 thousand to 500 thousand and some analysts are projecting a print north of the 1-million mark. Still, it should be remembered that the ADP report has not been a reliable indicator for nonfarm payrolls. The consensus for the NFP stands at 424 thousand, and if the reading comes in below expectations, we could see the US dollar falter as a weak NFP could delay the timeframe for the first rate hike of 2022. USD/JPY is putting pressure on resistance at 115.78. Above, there is resistance at 116.38 There is support at 114.54 and 113.98
by OANDA
Euro recaptures 1.13, German PMI declinesThe euro started the New Year with sharp losses, but the currency has rebounded on Wednesday, posting gains of 0.44% and punching above the 1.13 level. Germany's service sector showed contraction in December, falling below the 50-level for the first time in eight months. The PMI fell from 52.7 to 48.7 points. The German recovery stalled in December, as the country was hit by a fourth wave of Covid and tighter health restrictions dampened business activity, especially exports. The silver lining is that despite the current difficult conditions, German service providers remain optimistic that business conditions will rebound during the year. The German PMI was significantly lower than the all-eurozone PMI, which came in at 53.1 points. In the US, the ADP employment report surprised to the upside, with a December reading of 807 thousand new jobs, double the consensus of 400 thousand. The estimate for the nonfarm payroll report on Friday is 424 thousand, but the ease in which the ADP crushed the estimate could mean that the NFP forecast is too low. Still, it is worth noting that the ADP report only covered the first two weeks of December, before the massive spike in Omicron cases. Later today, we'll get a look at the FOMC minutes from the December policy meeting. The Fed recently abandoned its 'transitory inflation' label, as inflation, which is running at a 40-year high, shows no signs of easing anytime soon. The Fed has shifted to a hawkish stance and plans to double the size of its tapers from USD 15 billion to USD 30 billion. This will be followed by the first rate hike in three years. Lift-off could come as early as March - Fed Watch has priced in a March hike at over 60%. The markets expect the Fed to be more hawkish and have priced in three rate hikes in 2022. EUR/USD has support at 1.1303. Below, there is support at 1.1232 There is resistance at 1.1456 and 1.1415
by OANDA
1
Pound dips below 1.35, Omicron surgesThe British pound has started the New Year in negative territory. GBP/USD has dipped just below the symbolic 1.35 level. The British pound ended 2021 with a winning week, gaining 1.03%. It was the second week in a row in which GBP/USD gained over 1%, as the risk-sensitive pound continued to make inroads against the safe-haven US dollar. On Thursday, GBP/USD rose to 1.3520, its highest level since November 10th. The catalyst driving the pound's rally has been strong risk appetite, which hasn't waned despite the explosion in the number of Omicron cases. The UK has been setting new records of Covid-19 cases as Omicron rages, and a government study estimates that 1 in 10 people in London is infected with Covid. The markets have remained optimistic, noting that Omicron is less severe than previous variants of Covid, but there are concerns that Omicron could lead to a huge strain on hospitals. Meanwhile, industries and transport networks are reporting staff shortages as sick workers self-isolate, which will weigh on activity in the services sector. The government has not introduced new health restrictions, but that could change if hospitalisation rates move higher. Prime Minister Boris Johnson will deliver an update on restrictions later today, and his comments could move the pound. If the government does announce new restrictions, investors could react negatively and extend the pound's losses. After a light economic calendar during Christmas week, there are key events on both sides of the pond this week. The markets will get a look at PMIs in both the US and the UK, and the US releases nonfarm payrolls at the end of the week. The December NFP is expected to jump to 400 thousand, up from 210 thousand in November. GBP/USD has support at 1.3426 and 1.3329 There is resistance at 1.3585 and 1.3647
by OANDA
NFP Undershoots, Markets UnmovedNovember 2021 Non-Farm Payrolls Data Release Last Friday saw the release of the monthly US non-farm payrolls (NFP) data for November 2021. This data is often closely watched by markets for clues as to the state of the US labour market and economy, and as such, the data can influence the Federal Reserve’s monetary policy. However, it has been a long time since NFP releases tended to materially move markets, and last week was no exception. The key headline was the creation of only 210,000 net new jobs, when the consensus forecast by analysts expected as much as 553,000. This was a big undershoot but markets barely reacted. This may be partially because even with such a large undershoot in new jobs, the US unemployment rate fell from 4.5% to 4.2%. Average hourly earnings rose by 0.3% month on month, although 0.4% was expected. The US unemployment rate at 4.2% is at a 21-month low so it can be seen that the US labour market is tightening and that is no surprise as everyone already knows it is. This was the crucial element of the data. Market Reaction to NFP Data In a nutshell, markets barely reacted, or at least the price movements following the release were proportionate to the price action already happening in all major assets such as the S&P 500 Index or the US Dollar Index. This is partly because the NFP just is not the key driver of monetary policy that it used to be, and partly because it is soaring US inflation and the Federal Reserve’s reaction to it that is now the fundamental issue of most concern to market analysts. With the Chair of the Federal Reserve Jerome Powell calling to speed up tapering and removing the word “transitory” from his description of the current inflationary situation, markets are going to keep a laser-like focus on next Friday’s US CPI (inflation) data, which is very likely to trigger a major move in the markets even if it comes in at the widely expected month on month increase of 0.7%. What Does This Mean for Traders? Traders should ignore the NFP data and, at least until Friday’s release of US CPI (inflation) data, trade in line with market sentiment. Prevailing market sentiment is risk-off, meaning stocks, commodities, and commodity currencies and the British Pound are likely to be weak, while the Japanese yen, Swiss franc, and US dollar are likely to be strong. This will probably continue until positive news about the omicron coronavirus variant begins to emerge and will be overshadowed during Friday’s New York session by the inflation data in any case. Of course, it is possible that bad news may begin to emerge regarding the virulence of omicron, and this will be likely to increase risk-off flow.
TVC:DXY
by SmoothJB
XAUUSD 12H : 06.DEC.2021 : Bull or Bear ?The price of gold has reached an important static level, which puts two scenarios in front of us, if the price closes below $ 1776, we can expect a fall to the range of $ 1766. Scenario 2 also happens with the breaks of the downtrend channel , in which case with the breaking of this channel we can look for a trigger for Buy position. Follow our other analysis & Feel free to ask any questions you have, we are here to help. ⚠️ This Analysis will be updated ... 👤 Arman Shaban : @ArmanShabanTrading 📅 06.DEC.2021 ⚠️(DYOR) ❤️ If you apperciate my work , Please like and comment , It Keeps me motivated to do better ❤️
FOREXCOM:XAUUSDShort
by ArmanShabanTrading
2
XAUUSD 4H : 03.DEC.2021 : Bull or Bear ? (NFP)NFP Trading ?? Bull or Bear ? What do you Think ? The price is currently held by the support level of $ 1770, but has lost its dynamic support and has completed its pullback to that level. If the level of 1770 breaks, our Sell position trigger will be activated. The targets will be $ 1760, $ 1747 and $ 1727, respectively. Follow our other analysis & Feel free to ask any questions you have, we are here to help. ⚠️ This Analysis will be updated ... 👤 Arman Shaban : @ArmanShabanTrading 📅 03.DEC.2021 ⚠️(DYOR) ❤️ If you apperciate my work , Please like and comment , It Keeps me motivated to do better ❤️
OANDA:XAUUSDShort
by ArmanShabanTrading
5
XAUUSD 12H : 03.DEC.2021 : Bull or Bear ? (NFP)NFP Trading ?? Bull or Bear ? What do you Think ? The price is currently held by the support level of $ 1770, but has lost its dynamic support and has completed its pullback to that level. If the level of 1770 breaks, our Sell position trigger will be activated. The targets will be $ 1760, $ 1747 and $ 1727, respectively. Follow our other analysis & Feel free to ask any questions you have, we are here to help. ⚠️ This Analysis will be updated ... 👤 Arman Shaban : @ArmanShabanTrading 📅 03.DEC.2021 ⚠️(DYOR) ❤️ If you apperciate my work , Please like and comment , It Keeps me motivated to do better ❤️
FOREXCOM:XAUUSDShort
by ArmanShabanTrading
3
GOLD LONG TO 1974Here is an alternative scenario to current Gold shorts I am in from 1870. However, this long bias also has a very good chance to play out. I have noticed something interesting about market structure on the Daily timeframe. There seems to be a lot of resting liquidity on Gold sitting around the 1972 region. Since the start of the year, price has been edging lower, in every instance leaving liquidity above every high which still hasn’t been taken out. It’s a POSSIBILITY that this could be taken out some time early in 2022 before the drop starts. I’m still short to 1570, this is just an ALTERNATIVE scenario to keep us protected hence why my long positions are still open hedged against my sells. If we see a strong rejection around 1750-1735, it’s likely this bias could come into fruition hence why I’ll be taking buys. I will be catching this move on behalf of myself and my Account Management investors. What are your thoughts on Gold? Let me know!
SAXO:XAUUSDLong
by BA_Investments
XAUUSD SHORTING ALTERNATIVE FROM 1974GOLD ALTERNATIVE BIAS: I have noticed something interesting about market structure on the Daily timeframe. There seems to be a lot of resting liquidity on Gold sitting around the 1972 region. Since the start of the year, price has been edging lower, in every instance leaving liquidity above every high which still hasn’t been taken out. It’s a POSSIBILITY that this could be taken out some time early in 2022 before the drop starts. I’m still short to 1570, this is just an ALTERNATIVE scenario to keep us protected hence why my long positions are still open hedged against my sells. If we see a strong rejection around 1750-1740, it’s likely this bias could come into fruition hence why I’ll be taking buys. I am still in Gold shorts targeting 1570 long term for my investors and myself.
OANDA:XAUUSDShort
by BA_Investments
1
GOLD LONG TO 1887Gold is currently trading inside a tight range and near to completion of its final wave (Wave 5) before we see a market reversal back down towards 1828. Another way to confirm that this is wave 5 and we're close to reversal is monitoring price action and the momentum of buys. We can see that price has now slowed down after a very strong uptrend and buyers are failing to push price any higher with the same momentum we had the previous 2 weeks. Also, with DXY (Dollar Index) gaining strength and trading towards a yearly high, Gold being a negatively correlated market in return should go down. We now have confirmation that Tapering is going ahead over the next few months which will decrease the demand of Gold against the Dollar. I will be catching this move on behalf of myself and my Account Management investors within my fund.
SAXO:XAUUSDShort
by BA_Investments