Overall Sentiment for US Economy from January to May 2024The period from January to May 2024 has been marked by significant bearish sentiment due to multiple geopolitical events. The escalation of conflicts in Ukraine, increased US-China trade tensions, disruptions in the Red Sea, and heightened hostilities in the Middle East have collectively contributed to market instability. These events led to increased energy prices, supply chain disruptions, and heightened global volatility, which pressured the US Dollar Index.
The overall bearish impact on the dollar was driven primarily by inflationary pressures from higher oil prices and increased geopolitical risks, reducing demand for the dollar as a safe haven. Large institutions had to adjust their portfolios and manage risks strategically to navigate the volatile environment.
Safehavenasset
Monday Funday Premium XAUUSD idea $$$Gold is shining bright as it rides a bullish wave, fueled by geopolitical tensions and economic uncertainty. Technical indicators are pointing upwards, hinting at more potential gains. Day traders can hunt for buying opportunities during pullbacks, but must tread carefully in gold's volatile waters.
Entry: 2333.19
SL: 2328.31
Target 1: 2337.21
#Gold #Daytrading #bullishtrend #technicalAnalysis #safe-havenasset #xauusd
#signal #stoploss #takeprofit
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DXY Strength for 2020/ 2021Hello traders, analysts.
Here is our take on the DXY - referring to the Dollar strength index - which relates to consumer confidence within the United states.
While our charts show less about how the fundamental side affects the setups - the purpose of our view is to show while yes;
The election
coronvirus - now affecting Trump directly.
Trade stalemate with China
US stimulus
Internal race division
as well as globalisation,
US intermediating new Middle east issues.
All of which hang in the balance - but can be used to solidify the position held.
We have our target for Long positions with long positions only - with take profit around 99 price level
for those trading short-term and intraday forex trading strategies, ofcourse sells are possible.
There is a lot of room for the Dollar Index to keep on rallying and will be into 2021 before we see a profit target hit.
There is nothing to prevent the Dollar Index from the bullish movements. So long as the higher highs are maintained .
The eyes - are sell targets
The eyes - are potential buy zones.
it depends on your outlook.
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we trade purely from naked charts, less indicators - remove the noise.
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