Get started

PMI

NQ Power Range Report with FIB Ext - 5/1/2023 SessionCME_MINI:NQM2023 - PR High: 13324.50 - PR Low: 13305.00 - NZ Spread: 43.5 Evening Stats (As of 12:15 AM) - Weekend Gap: N/A - Session Open ATR: 205.77 - Volume: 20K - Open Int: 259K - Trend Grade: Bear - From ATH: -20.6% (Rounded) Key Levels (Rounded - Think of these as ranges) - Long: 13531 - Mid: 12959 - Short: 12392 Keep in mind this is not speculation or a prediction. Only a report of the Power Range with Fib extensions for target hunting. Do your DD! You determine your risk tolerance. You are fully capable of making your own decisions.
CME_MINI:NQM2023
by mv3trader5
PMI Data & How it Effects DXYJust to summarise quickly what the ‘Purchasing Manager Index’ is, it’s a monthly data release by the ISM. PMI data is based on 5 survey areas: new orders, inventory levels, production, supplier delivery & employment. PMI data ranges from 0-100. A PMI reading ABOVE 50 represents expansion in the economy. Whereas, a reading BELOW 50 represents contraction. Below is the PMI data for March 2023, which came in at 47.7 which shows the economy is contracting. Now to show the importance of this, let me show you the last few times the PMI dropped below 50👇🏻 2008 - The Financial Market Crash🩸 Early 1980’s - Sky High Inflation🩸 Mid 1980’s - Recession which left unemployment at 7.5%. The recession was caused by tight monetary policy from the government , in an ‘effort’ to fight high inflation🩸
TVC:DXYEducation
by BA_Investments
ISM PMI Long Term Chart - 04/08/23The ISM currently stands at 46.3%, signaling a contraction. Business activity is implying that rising interest rates and growing recession fears are starting to weigh on businesses. The reading pointed to a fifth straight month of contraction in factory activity, as companies continue to slow outputs to better match demand for the first half of 2023 and prepare for growth in the late summer/early fall period. Frequentist's will tell you that the market tends to bottom six months after the ISM drops below 50.00. In the chart, I've drawn a channel with fib standard deviations. This will be a good one to save and track
ECONOMICS:USBCOI
by RHTrading
Macro and crypto: What should traders and investors expect?Hello, everyone! Today we would like to discuss macro and crypto, what affects that, what depends on that and what to expect from the market and when the new bull cycle will start A LITTLE BIT OF THEORY 1. US PMI (Purchasing Managers Index) – macroeconomic indicator that shows the level of business activity. 2. DGS 1&5 – average 1 and 5 year US Treasury yield. 3. FED Funds Rate – the interest rate at which U.S. banks lend their excess reserves for short terms to other banks. Let’s figure out what's GOOD and what's BAD for the crypto market 1. PMI Values above 50 are a good sign, the economy is growing, markets have more liquidity. Values below 50 are a bad sign, the economy is shrinking, there is less and less liquidity in the market. 2. DGS 1/5 High rates are bad, people are used to investing where there is a clear yield and clear rules for receiving returns, where there is less risk. Low rates are good, bonds do not bring profitability, people are forced to choose more profitable, and therefore risky instruments for the preservation and multiplication of capital 3. FED Funds Rate High rates are bad, the interest on capital and liquidity is becoming more and more, the required level of profitability must be higher than the prime rate + the rate of the individual counterparty. Liquidity becomes less and less, access to it becomes more and more difficult. Low rates are good, liquidity is available to everyone, everyone can take funds to realize their goals and objectives, the overall profitability of any business is quite low. Lots of free money in the market. Which market can be called BULLISH? 1. US PMI values above 50 2. Low DGS values 1/5 3. Low FED Funds Rate That's the kind of market we had from April 2020 until November-December 2021. At that point, many realized that the music was no longer playing. The FED hammered the last nail in the coffin of the bull market in February-March 2022, and that's when all the fun and the official bear cycle began. How do we know if the market has flipped and we're growing up again? Recommendations for PATIENT TRADERS 1. US PMI will come out of the crisis – current values are ATL from May 2020 2. The FED will do a soft landing, beat inflation and start lowering rates – very bullish signal. The important thing is to beat inflation, otherwise our bull market will be very short-lived, or the next bear market will be super painful. 3. DGS 1/5 will fall to spring 2020 values If you see all of this, then unpack your stackable piggy bank and get ready for a hot period, we will be back in the game and the market of universal profits. As practice shows, everyone will have 3 to 6 months to get into their positions and get ready to take off. Also, remember that the market can be irrational, the main thing for everyone is to let their strategy survive it. Markets are capable of being irrational longer than traders will be solvent. What to do now? We’ve tried to give an answer to the question in our previous article. And we still stick to this local position. This article will allow you to look at the crypto market within macro analysis and the overall picture. But then everything depends on you! Tell us if you study the macroeconomics rates, which indicators you use and which topics you would like to discuss! Don't forget to check links below and check our trading terminal! NFA & DYOR
by Samura0x
42
NQ Power Range Report with FIB Ext - 3/3/2023 SessionCME_MINI:NQH2023 - PR High: 12050.75 - PR Low: 12031.25 - NZ Spread: 43.5 Evening Stats (As of 12:30 AM) - Weekend Gap: N/A - 8/19 Session Gap: -0.04% (open > 13237) - Session Open ATR: 245.69 - Volume: 25K - Open Int: 260K - Trend Grade: Bear - From ATH: -28.3% (Rounded) Key Levels (Rounded - Think of these as ranges) - Long: 12959 - Mid: 12392 - Short: 11820 Keep in mind this is not speculation or a prediction. Only a report of the Power Range with Fib extensions for target hunting. Do your DD! You determine your risk tolerance. You are fully capable of making your own decisions.
CME_MINI:NQH2023Short
by mv3trader5
Eurusd could push further into Daily Zone at 1.07 Before SellersManufacturing data as anticpated, or missed slightly. Causing an initial decline in the EU Price. We are looking to close above 1.0657 on the 4hr for Buyers. Then I can observe it being possible for us to touch 1.07 and push deeper into the daily zone before we see sellers take over or range. If the Daily Candle closes like this, we will see a solid body candle.. and at the leasst expect a top wick on the next daily candle. Which, would be a nice intraday-move up.
Long
by ShrewdCatfx
DXY Forecast ahead of Core PCE Price Index ReleaseHello guys, Currently DXY is resting on a strong support area at 101.773. Just a quick recap. We had the advanced GDP news release which saw a 2.1% growth in 2022 despite challenges like recession fears and high prices. The job market remained strong and people were optimistic about the future. If the Core PCE Price Index m/m data release yields are better than expected, price can possibly break the descending trend line before heading towards the overlap resistance at 102.821. Alternatively, if the yields are below expectations, expect DXY to head towards the previous weekly swing low at 101.297. Stay safe trading guys! :) Regards, Chen Yongjin
TVC:DXY
by DogeStonks
EURUSD STRUGGLES TO GO ABOVE 1.0900EURUSD is having difficulty establishing a bullish move above 1.0900 as price has been rejected on several attempts. The latest PMI readings from the eurozone didn’t help matters with a mixed report on the state of economic activities around the bloc. With sentiments of a slow pace Federal Reserve rate hike already weighing the US dollar, the price could still make it over the current psychological price level. Current Scenario Price is reacting to the current Resistance level at 1.0900 which could see selling activity towards the intraday support level around 1.0800. Should the near-term support fail to incite a bullish recovery then attention will be on the major level around 1.0750. Bullish Scenario: A convincing breakout from 1.0900 could open the door to 1.1000 Bearish Scenario: A decline below 1.0740 could incite bearish activity but price will still need to contend with an ascending trendline running from September 2022.
by ScopeMarkets
$JPY - Where to next?$YEN - Where to next? Well, we are coming into the end of yr but we still have opportunities we could get. Now be careful we will get end of year moves, portfolio adjustment etc. However, the way I trade I look at key support & resistance levels we have a very important zone of support: 136 half - 135 now break below that - BEARS come out shorter term. BUT If price stays above, I think we have a good chance those bulls are still in control and we are going back towards 140 areas easily. Now that's my plan minus risk and how I will take my profits - But it's a plan. What's going to be your trade plan for $YEN? Data wise: PMIs Have a great weekend, Trade Journal
by Trade_Journal
GBPCADHello everyone! GBPCAD is under weekly bearish pressure but recently has bounced back up from an important multiyear demand zone. GB Prime Minister's urgent resignation put selling pressure at the sterlina due to isntability. I believe that this is temporary and GBP will rise again. But, at first PMI should be released and lets give space to the market to settle on Tuesday. As price action, Friday's closure formed a long bottom wick indicating weakness of sellers. The pink descending trendline is broken which means a possible trend reversal to bullish bias in the medium term. Price seems that has rejected 0.618 Fib level in the 4H TF and I a believe that after a very possible drawdown to 1.5236 area, the price will rally up to 1.600 ara. Goodluck!
Long
by The_Forex_Path
This Week in the Markets (October 3-7)October 3 (Monday) German Manufacturing PMI UK Manufacturing PMI October 4 (Tuesday) US ISM Manufacturing PMI RBA Interest Rate Decision October 5 (Wednesday) US JOLTs Job Openings UK Composite PMI US ADP Employment Change October 6 (Thursday) US ISM Non-Manufacturing PMI Australia Trade Balance UK Construction PMI Eurozone Retail Sales Canada Ivey PMI October 7 (Friday) US Nonfarm Payrolls Canada Unemployment Rate What You Need to Know This Week: 🔸 The RBA Interest Rate Decision is expected to remain at 2.35% 🔸 Estimates have the Nonfarm Payrolls to add 250,000 jobs into the market. 🔸 No major earnings report this week. More information on Mitrade website.
FRED:CE16OV
by Mitrade_official
SPY UVXY SHORT SALE VOLUME and PMIsShort sale Volume seen spiking on UVXY. Data releases today from Chicago Fed showing Economic activity Index slowdown: actual 0 versus consesnus 0.24, prior 0.29; and Dallas Fed Manufacturing Index miss: -17.2 versus consensus -5 and prior -12.9. Dow Jones Industrial Average made yearly lows late last week and again today as it lingers at low 29K. Nasdaq and SPX lingering at their June/yearly lows. ***Please note: Projections shown with yellow dashed arrows are merely conceptual/quizzical, and not intended as an "idea" or a "call" of what's to come. Just observations, and considerations of possibilities.
CBOE:UVXY
by Linneaus
DXY versus Fed Funds rate and PMIsDXY shown here with macro harmonics, contrasted with historic Fed Funds rate and US PMIs. Fractal is taken loosesly for the circled areas, with the suggested path involving consolidation in the 115- 105 range. Hypothesis: as developed nations step in to intervene to prop up their currencies, by tightening (central bank rate hikes like we are seeing from BOE and Swedish Central Bank in the last week) and potentially tapping into their long end US Treasury reserves to purchase dollars ad buy back their own currency, as late last week's BOJ intervention suggests, DXY will consolidate but ultimately break up into the 119-low 120's before some cooling off. Noteworthy technical macro ascending channel with 4-5 confirming touches. ***Harmonics are merely noteworthy phenomena, and not intended or regarded by myself as predictive of future price movements in any way.
TVC:DXY
by Linneaus