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GBPUSD: The USD increased due to concerns about US inflationThe US greenback bolstered on Friday, poised to interrupt a three-week dropping streak, fueled via way of means of issues approximately US inflation facts exceeding expectancies. The facts motivated marketplace expectancies of the Federal Reserve`s hobby charge choices for the relaxation of the year. On Thursday, the United States manufacturer rate index for very last call for in February turned into stated to have expanded 0.6%, surpassing the 0.3% boom predicted via way of means of economists. This follows reviews from Tuesday displaying customer charges rose considerably for the second one instantly month in February. While the Federal Reserve is about to convene subsequent week, no modifications to hobby charges are predicted at this meeting. However, traders are eagerly looking ahead to the Fed's financial forecasts and feedback from Fed Chairman Jerome Powell. Recent inflation reviews have dampened traders' expectancies, with the opportunity of a Fed charge reduce in June now at 60%, down from 74% ultimate week, as indicated via way of means of CME FedWatch tool. Ryan Brandham, head of world capital markets for North America at Validus Risk Management, referred to the demanding situations beforehand in containing inflation withinside the US. He thinks the Fed may also postpone reducing hobby charges into 2024 because of those demanding situations. Traders at the moment are predicting seventy six foundation factors in charge cuts for this year, greater in keeping with the Fed's December forecast. The greenback index, a gauge towards six foremost currencies, edged up 0.058% at 103.forty four after growing 0.55% on Thursday. The index is monitoring for a 0.7% advantage for the week, marking its first weekly advantage in a month. The euro and pound noticed declines towards the greenback, with the euro down 0.04% at $1.0877 and the pound down 0.10% at $1.2738
Long
by Chart_MasterPro
EUR/AUD Short and NZD/JPY ShortEUR/AUD Short Minimum entry requirements: • Tap into area of value. • 1H impulse down below area of value. • If 2 touch 5 min continuation, reduced risk entry on the break of it. • If 2 touch 15 min continuation, 5 min risk entry within it, or reduced risk entry on the break of it. NZD/JPY Short Minimum entry requirements: • Tap into area of value. • 1H impulse down below area of interest. • If 2 touch 5 min continuation, reduced risk entry on the break of it. • If 2 touch 15 min continuation, 5 min risk entry within it, or reduced risk entry on the break of it.
Short
by StewySongs
1
USDJPY: Asian foreign exchange was little changed, the dollar neMost Asian currencies were range-bound on Monday, while the dollar fell near a two-month low as markets awaited key US inflation data for further reading. signals about when the Federal Reserve will cut interest rates. Regional currencies are surging from last week after dovish signals from Fed Chairman Jerome Powell and labor data reinforced expectations that the central bank will begin cutting interest rates soon. after June. This notion weighed on the dollar, dragging the greenback to a nearly two-month low. Japanese yen is nearly 1 month high as expectations of BOJ's pivot increase The Japanese yen is one of the currencies that has benefited the most from the dollar's decline, rising sharply in the past two sessions to its highest level in more than a month. The yen traded around 147 per dollar on Monday and was also supported by growing confidence that the Bank of Japan is close to ending its policy of negative interest rates and yield curve control this week. next. The upwardly revised GDP data shows that the Japanese economy is avoiding a technical recession in the fourth quarter. The strength of the economy gives the BOJ more room to tighten policy sooner. The BOJ is expected to hold a meeting next week, with a Reuters report saying that policymakers are considering changing interest rates in March or late April. Other Asian currencies moved in flat to low ranges. The Australian dollar fell 0.2% as expectations that the Reserve Bank would gradually increase interest rates weighed on the currency. Signs of cooling economic growth also raise expectations that the RBA will cut interest rates this year.
Long
by Chart_MasterPro
AUD/JPY Short and EUR/USD LongAUD/JPY Short Minimum entry requirements: • Tap into area of value. • 1H impulse down below area of value. • If 2 touch 5 min continuation, reduced risk entry on the break of it. • If 2 touch 15 min continuation, 5 min risk entry within it, or reduced risk entry on the break of it. EUR/USD Long Minimum entry requirements: • If 3 touch 1H continuation or 2 touch 1H continuation with 3 touch structural approach, 15 min risk entry within it.
Long
by StewySongs
1
GBPUSD: The dollar fell to a one-month low amid views of interesThe US greenback softened, hitting a one-month low in opposition to the yen today, as marketplace individuals anticipated a probable US hobby charge reduce later this yr. This sentiment turned into stimulated with the aid of using latest inflation statistics and feedback from US Federal Reserve Chairman Jerome Powell. Powell, in Wednesday`s testimony earlier than lawmakers, advised that a charge reduce may be so as later this yr if the financial system and inflation developments are in keeping with expectancies. The greenback's decline coincided with a drop in US Treasury yields following Powell's feedback and statistics suggesting an easing in exertions marketplace conditions. The dollar hit a low of 148.ninety four in opposition to the yen withinside the first Asian consultation of the week. The euro and British pound additionally maintained their electricity as compared to the preceding consultation, buying and selling at $1.0902 and $1.2738, respectively. Commonwealth Bank of Australia forex strategist Carol Kong referred to that the greenback's weak point in opposition to principal currencies turned into because of exertions marketplace statistics and Powell's testimony, which markets considered as weak. extra tremendous than expected. Futures markets are presently pricing in a 70% danger of the Fed beginning to decrease hobby fees at its June coverage meeting, with expectancies for a reduce of approximately 87 foundation factors for the yr. This outlook has positioned US Treasury yields, specifically two-yr yields that mirror short-time period hobby charge expectancies, beneathneath pressure. The greenback index, which tracks the dollar in opposition to a basket of currencies, fell 0.04% to 103.30, close to a one-month low. In different forex news, the Canadian greenback remained consistent at 1.3518 according to U.S. greenback after the Bank of Canada stored its benchmark hobby charge consistent on Wednesday, mentioning chronic underlying inflation. Simon Harvey, head of FX evaluation at MonFX, thinks the BoC should postpone a charge reduce till June 5, keeping the short-time period CAD fashion however awaiting sizeable depreciation to come. postponed till mid-Q2. The New Zealand greenback edged up 0.05% to $0.6133, whilst the Australian greenback rose 0.11% to $0.6572. Cryptocurrencies additionally noticed a few movement, with bitcoin closing priced at $66,232, chickening out from document highs in advance withinside the week. Ether fell extra than 0.2% to $3,842.20 after hitting a extra than two-yr excessive withinside the preceding consultation. In exchange-associated news, statistics from Thursday confirmed Australia's items exchange surplus widened in January, with will increase in agricultural exports and gold outpacing will increase in automobile imports.
Long
by Chart_MasterPro
AUD/NZD Short, NZD/USD Short and NZD/CAD ShortAUD/NZD Short Minimum entry requirements: • Tap into area of value. • 1H impulse down below area of interest. • If 2 touch 5 min continuation, reduced risk entry on the break of it. • If 2 touch 15 min continuation, 5 min risk entry within it, or reduced risk entry on the break of it. NZD/USD Short Minimum entry requirements: • Tap into area of value. • 1H impulse down below area of value. • If 2 touch 5 min continuation, reduced risk entry on the break of it. • If 2 touch 15 min continuation, 5 min risk entry within it, or reduced risk entry on the break of it. NZD/CAD Short Minimum entry requirements: • Tap into area of value. • 1H impulse down below area of inflection. • If 2 touch 15 min continuation, 5 min risk entry within it, or reduced risk entry on the break of it.
Short
by StewySongs
USDJPY: Asian Foreign Exchange market is quietThe Japanese yen hovered close to a four-month low, whilst statistics confirmed inflation in Tokyo recovered as predicted in February. Stable inflation offers the Bank of Japan extra motivation to elevate hobby costs from extraordinarily low levels. The greenback index and greenback index futures had been consistent at some point of the session buying and selling in Asia on Tuesday, after seeing a few volatility in latest sessions. While latest statistics indicates inflation withinside the US relatively stabilizing, buyers appear like preserving bets that the Fed will reduce hobby costs in June. But the change is predicted to be in large part examined this week, with a two-day testimony from Fed Chairman Jerome Powell in which analysts anticipate him to preserve tons of his hawkish stance. . Then key nonfarm payrolls statistics is due out this Friday and is predicted to offer similarly alerts at the hard work market.
Long
by Chart_MasterPro
AUDUSD: Asia's foreign exchange market is quiet as China's econoMost Asian currencies have been little modified on Tuesday as China`s monetary objectives for 2024 did not buoy markets, even as the greenback steadied in advance of in addition hobby fee alerts later withinside the week . Anticipation of greater alerts on US hobby prices additionally saved maximum nearby devices buying and selling in tight ranges, specially as remarks from Federal Reserve officers persevered to downgrade expectancies for reduce early. China's Yuan is quiet because the People's Congress dominates The Chinese yuan become mildly risky on Tuesday, with the currency's decline tempered with the aid of using a robust midpoint adjustment from the People's Bank of China. Sentiment closer to the Chinese marketplace advanced little after Beijing set a 5% GDP goal for 2024, similar to 2023. But with a decrease economic deficit goal for the 12 months, traders query asks how possibly this aim is to be accomplished whilst the economic system is not able to reaching it. decrease baseline for assessment with the COVID-19 pandemic. The Chinese authorities additionally promised greater stimulus measures this 12 months to enhance boom. But the obvious loss of proposed measures has left humans unhappy. Separately, a personal survey confirmed boom in China's offerings enterprise slowed in February, indicating persevered monetary headwinds for the country. Asian currencies in trendy are negatively motivated with the aid of using China because of its distinguished economic system withinside the region. The Australian greenback, which has excessive exchange publicity to China, fell 0.1%, whilst information confirmed an development withinside the country's modern-day account withinside the fourth zone. Article The newspaper study in advance of a capacity development in fourth-zone GDP information, predicted out on Wednesday.
Short
by Chart_MasterPro
XAUDUSD: Investment managers eye the dollar for faster settlemenSome funding managers are thinking about converting their price range` running currencies to the U.S. greenback in anticipation of a U.S. flow to shorter securities agreement cycles this spring. The extrade is in reaction to a brand new rule surpassed with the aid of using the U.S. Securities and Exchange Commission (SEC) closing year, which calls for securities inclusive of shares to settle one commercial enterprise day after trading, called T+1, begins offevolved May 28. This extrade is supposed to lessen marketplace danger. The transition to T+1 is posing demanding situations for overseas asset managers, who want to change their neighborhood currencies for bucks to have interaction in shopping for and promoting US securities. Currently, forex trades that fund inventory trades settle in days. Regulators are adapting to make sure those transactions aren't excluded from CLS, the primary multi-forex agreement device for forex (FX) transactions. By running their price range in bucks, custodians can limit the danger of behind schedule bills and failed transactions, as they may not want to transform their neighborhood forex inside a compressed timeframe. Custodians inclusive of BNY Mellon are exploring methods to assist buyers in Asia with the aid of using extending agreement cut-off intervals for a number of the region's most important currencies, inclusive of the Australian greenback, yen Japanese and Singapore bucks, approximately hours. The worldwide head of FX platform income at BNY, said that this extension will permit intraday execution to maintain later withinside the day. CLS, on the request of foreign places regulators, is likewise thinking about the opportunity of changing the cut-off date for sending forex transaction commands for next-day agreement. The employer estimates that approximately $sixty five billion an afternoon in forex trades from asset managers ought to omit the cut-off date. CLS's CEO does now no longer anticipate an operational extrade earlier than the May cut-off date however emphasised that CLS is operating with the marketplace to locate capacity answers to the demanding situations.
OANDA:XAUUSDShort
by Chart_MasterPro
WTICO/USD Short, AUD/NZD Short, NZD/USD Short and USD/CAD LongWTICO/USD Short Minimum entry requirements: • 1H impulse down below area of interest. • If 2 touch 5 min continuation, reduced risk entry on the break of it. • If 2 touch 15 min continuation, 5 min risk entry within it, or reduced risk entry on the break of it. AUD/NZD Short Minimum entry requirements: • Break above area of value. • 1H impulse down below area of value. • If 2 touch 5 min continuation, reduced risk entry on the break of it. • If 2 touch 15 min continuation, 5 min risk entry within it, or reduced risk entry on the break of it. NZD/USD Short Minimum entry requirements: • Tap into area of value. • 1H impulse down below area of value. • If 2 touch 5 min continuation, reduced risk entry on the break of it. • If 2 touch 15 min continuation, 5 min risk entry within it, or reduced risk entry on the break of it. USD/CAD Long Minimum entry requirements: • Tap into area of value. • 1H impulse up above area of value. • If 2 touch 15 min continuation, 5 min risk entry within it, or reduced risk entry on the break of it.
by StewySongs
EURUSD: The Euro edged higher ahead of the eurozone CPIIn Europe, EUR/USD traded 0.1% higher at 1.0813, ahead of the release of eurozone CPI figures for February, which are expected to show another reflation in the region . Data released on Thursday showed consumer prices fell slower than expected in France but faster than expected in Germany. Economists are expecting annual growth of 2.5% in February, down from 2.8% in January. ING added: “A deviation from expectations could cause short-term fluctuations in eurozone and eurozone rates, but would not really have a major impact on the story told by Christine Lagarde and the Council The governor will repeat it next week.” The European Central Bank meets next week and while no policy changes are expected, the bank could hint at an interest rate cut later this year.
Long
by Chart_MasterPro
EUR/USD Trade Recap, NZD/USD Short and NZD/CAD ShortNZD/USD Short Minimum entry requirements: • Tap into area of value. • 1H impulse down below area of value. • If 2 touch 5 min continuation, reduced risk entry on the break of it. • If 2 touch 15 min continuation, 5 min risk entry within it, or reduced risk entry on the break of it. NZD/CAD Short Minimum entry requirements: • If 3 touch 1H continuation or 2 touch 1H continuation with 3 touch structural approach, 15 min risk entry within it.
Short
by StewySongs
1
CAD/JPY Short, EUR/USD Long and NZD/CAD ShortCAD/JPY Short Minimum entry requirements: • If 3 touch 1H continuation or 2 touch 1H continuation with 3 touch structural approach, 15 min risk entry within it. EUR/USD Long Minimum entry requirements: • If 2 touch 1H continuation, 15 min risk entry within it, or reduced risk entry on the break of it. NZD/CAD Short Minimum entry requirements: • If 3 touch 1H continuation or 2 touch 1H continuation with 3 touch structural approach, 15 min risk entry within it.
by StewySongs
NZD/USD Short, NZD/JPY Short and NZD/CAD ShortNZD/USD Short Minimum entry requirements: • If 3 touch 1H continuation or 2 touch 1H continuation with 3 touch structural approach, 15 min risk entry within it. NZD/JPY Short Minimum entry requirements: • If 3 touch 1H continuation or 2 touch 1H continuation with 3 touch structural approach, 15 min risk entry within it. NZD/CAD Short Minimum entry requirements: • If 3 touch 1H continuation or 2 touch 1H continuation with 3 touch structural approach, 15 min risk entry within it.
Short
by StewySongs
AUDUSD: Asian foreign exchange market increased slightly as the Most Asian currencies rose on Wednesday, seeing relief as the dollar eased in anticipation of more signals from the Federal Reserve on its path to adjusting interest rates. Regional units are still suffering heavy losses in recent sessions as fading expectations of an early Fed rate cut sent the dollar rallying to a three-month high. However, the greenback has fallen significantly from recent highs this week, bringing relief to Asian markets. USD falls after Fed minutes, speakers in sight The dollar index and dollar index futures both fell about 0.1% each during the Asian session, as investors took some profits in the greenback ahead of a series of signals Fed this week. Minutes from the Fed's late January meeting are due later on Wednesday, after the bank kept interest rates steady and largely downgraded expectations for an early rate cut. In addition to the minutes, a host of Fed officials will also speak this week, including Raphael Bostic and Michelle Bowman later on Wednesday.
Long
by Chart_MasterPro
USDJPY: Asian foreign exchange weakens, dollar rises, will interMost Asian currencies fell on Monday, while the dollar regained momentum as investors were cautious ahead of a series of signals on interest rates and inflation in the US this weekend. Anticipation of some regional economic signals - particularly data on Japanese inflation and China's purchasing managers index - also has traders nervous, especially amid anxiety. Concerns are growing about slowing growth in the region's largest economies. Japanese Yen fluctuates above 150, waiting for CPI data The yen fluctuated slightly on Monday but remained just above 150 per dollar and remained near a three-month low. This week focuses mainly on Japan's consumer price index (CPI) data for January, due on Tuesday. The data is expected to show core inflation is within the Bank of Japan's annual target of 2%, giving the central bank even less incentive to start tightening policy. books strongly. This notion has put pressure on the yen in recent months, especially as US interest rates are likely to stay higher for longer. However, further declines in the yen were limited by the risk of government intervention, as levels above 150 have attracted intervention in the past. PCE inflation, Fed signals are paying attention The dollar index and dollar index futures both rose 0.1% in Asian trading on Monday, after posting their first weekly losses of 2024. However, the greenback remains near a three-month high as many Federal Reserve officials warn that the bank is in no hurry to start cutting interest rates soon, especially as inflation remains subdued. High. PCE price index data - the Fed's preferred inflation gauge - is expected to provide further inflation signals this week. Several other Fed officials are also expected to speak this week and may reiterate the outlook for higher interest rates for longer.
Long
by Chart_MasterPro
GBPUSD: The USD fell earlier than the PMI data, the Euro and BriThe dollar edged lower in early European trade on Thursday, with risk sentiment buoyed by Nvidia's strong earnings, while traders awaited the release of business activity surveys. important for finding clues about the health of the global economy. At 04:10 ET (09:10 GMT), the Dollar Index, which tracks the greenback against a basket of six other currencies, was trading 0.4% lower at 103.472, down nearly 1% year to date. this point this week. Strong earnings from AI favorite Nvidia (NASDAQ:NVDA) boosted global confidence, resulting in the safe-haven dollar taking a hit, favoring more cyclical currencies . The greenback hit a high this week, but remains more than 2% higher for the year, as traders eased aggressive bets on a series of interest rate cuts by the Federal Reserve this year. Minutes of the Fed's late January meeting, released on Wednesday, showed that the bank is in no hurry to reduce interest rates in the near future. Speeches by several Fed officials this week also reiterated this hawkish stance, with policymakers citing concerns about tough inflation. Attention now turns to the release of PMI data, weekly unemployment data and, more importantly, manufacturing and services PMI data for February, to gauge the economy's underlying strength. GBP/USD traded 0.5% higher at 1.2701, with UK PMI data expected to show strong expansion in the country's dominant services sector.
Short
by Chart_MasterPro
Gold breaks the safe threshold and can increase sharplyWith gold now up for the fourth day in a row, it has allowed a nice bullish trend to develop on the 1-hour chart. The recent gains were accompanied by increased volume and tapered off as the price retraced. The price is currently trying to build support around the 10-day EMA and previous highs/double tops around $2024 and RSI (2) is oversold, so perhaps an inflection point is near. Also note that the RSI 14 is holding above the 50 level, which supports momentum for the overall trend. Bulls can look for dips targeting the $2036 ​​to $2040 area, near the weekly R1 pivot point and the monthly pivot point. A weaker US dollar and lower interest rates will be the ideal scenario for gold to extend its current upward momentum. However, I suspect the $2040 area could offer some resistance or retracement.
OANDA:XAUUSDLong
by MrTrongVo