According to my analysis and according to what you taught me, Tamas : Scenario 1 : If CPI comes negative on Wednesday, it could lead to deflation concerns, which might prompt the Federal Reserve to consider cutting interest rates to stimulate economic activity and prevent deflationary pressures. A negative CPI could indicate a decrease in the general price...
Today's focus: USDCAD Pattern – Heavy Resistance Support – 1.3514, 1.3454 Resistance – 1.3602 Hi, traders; thanks for tuning in for today's update. Today, we are looking at USDCAD daily. What are we discussing and asking today after looking at USDCAD? Will current heavy resistance contnue to block buyers? Does price have enough momentum in its current bull...
Preferred direction: BUY Comment: We actively continue to follow our previous bullish scenarios for this currency pair. In general, in the medium term, we expect a strengthening of the US currency , which the Japanese yen will feel the most painfully. Moreover, earlier we talked about the long term, and here it is unlikely that we will have to wait for the...
The New Zealand dollar has lost ground on Thursday. In the North American session, NZD/USD is trading at 0.6136, down 0.33%. On Friday, New Zealand releases the Manufacturing PMI. It was a busy day in the US, and this writer expected that retail sales would be the highlight of the day. In the end, it was the Producer Price Index which stole the show and gave the...
With the help of 'Retail Sales' & 'PPI' data, we've seen once again fundamentals come in & manipulate price towards our technical bias. Price getting closer to hitting our selling confirmation📉
The Australian dollar remains close to the 0.66 line, where it has been for most of the week. In the North American session, AUD/USD is trading at 0.6620, up 0.21%. The business sector is not feeling very confident about the near-term outlook of the Australian economy. The NAB Business Confidence index dipped to zero in February, down from one in January but...
By re-examining the gold chart, we see that according to our expectations, gold continued to grow and has been able to grow up to $2008! Today we will have the important statistics of PPI, if the Actual rate is announced higher than expected rate, we can see the growth of the dollar index (DXY) and the fall of the gold price! In my opinion, it is possible that...
- I want to see a bullish session. - PPI and Prelim Consumer Sentiment news this afternoon which may cause a volatile session. - I want to see price target PDH, PWH and PML. - I believe price will trade to a discount of London session before going higher.
Hello friends, I hope you are well. We have the gold chart in the one-hour time frame. Yesterday we said that we will wait if the support zone is broken down, the next target is the zone (2005-2008). Now in this area, with the formation of candlestick patterns, it has moved upwards. The areas that are important for us are the bottom of the previous broken area...
Preferred direction: SELL Comment: Yesterday's CPI data practically allowed the US dollar to break through key local support/resistance levels and begin its growth. However, the market quickly ran to buy American currency, and in this case, the big money has no one to go to. In addition, the current pause may be associated with the next important data from...
Core and Headline PPI (Dec 2023 figures) U.S. Headline PPI Prev: 0.8% / Exp: 1.3% Rep: 1.0% ✅ Lower than expected ✅ U.S. Core PPI (excludes food and energy) Prev: 2.0% / Exp: 1.9% Rep: 1.8% ✅ Lower Than Expected✅ What is PPI and why is it important? Producer Price Index is a crucial economic indicator that provides valuable information about...
Preferred direction: SELL Comment: Recent events in the Middle East have made markets nervous. In turn, this has traditionally generated demand for metals. However, so far the situation is not particularly serious, since Yemen is a constant point of hostilities. There are unlikely to be any strong purchases in metals until the end of today's trading day. But...
By checking the gold chart in the daily time frame, we can see that the price according to our expectation was accompanied by a further fall and was able to correct up to $1973! Be careful, this fall will continue only if it stabilizes below the level of 1987$! In this case, the next falling targets will be $1966, $1960 and $1939 respectively! Please share your...
✺ End of Bulls rally after the most successful trading day since April. ✺ The possibility of the Goldilocks scenario - is it on the horizon? ✓ PPI data has been reported today. Key fact: "Firms no longer optimistic" BLACKBULL:SPX500 After the longest period of growth in 2024, the market closed at -0.41 rate, putting the end to the robust bulls rally since the...
The British pound has extended its losses on Thursday. In the European session, GBP/USD is trading at 1.2401, down 0.11%. The pound is having a roller-coaster week. GBP/USD surged 1.8% on Tuesday following the soft US inflation print and climbed to a two-month high. However, the pound has since coughed up about half those gains and is trading at the 1.24 line....
S&P 500 INDEX MODEL TRADING PLANS for THU. 09/14 As of the latest trading plans we published yesterday, Wed. 09/13: "Our models indicate bearish bias for positional trades while the index is below 4470 on a daily close basis. The index has to close above 4507 for our models to abandon the bearish bias". Just like the CPI numbers yesterday, the PPI numbers and...
Hi Traders, last week the US500 did a correction as expected. Right now price is at a interesting level for Bulls (arround July High) Next week we have to put our eyes on the US inflation data. On wednesday we have the Core CPI. The forcase is +0,2% What is the core CPI? The Core Consumer Price Index (CPI) measures the changes in the price of goods and...
Chinese real-estate has collapsed China refuses to update new unemployment metrics (like they've ever told the truth) China BOC keeps printing to backstop this (parabolic m3/m2) China forcing peoples money trapped in this death spiral Japan Real estate is also dead Japan stocks / Gasoline is going parabolic due to the start of hyperinflation not a...