CME: USD/Offshore RMB ( CME:CNH1! ) Even though the Chinese Yuan is not a component in the US Dollar Index, Dollar-Yuan exchange rate generally tracks the dollar index. If dollar gains in value, most foreign currencies depreciate against it, yuan included. When dollar is weakened, the opposite holds true. Foreign currencies appreciate relative to dollar. ...
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USD Weeker and looking for the downside , thankYou
I think the markets are pricing that the US-China Phase 1 deal is going to be signed, so the risk-off sentiment is still present. The idea of going short in USDJPY is based on a well-known phrase: buy the rumor, sell the fact (news). Are we going to see the price going down? Who knows, but it's better to be prepared, if the price breaks the support zone around...
Tuesday in the news plan was noted by the information that the United States excluded China from the list of currency manipulators countries. This led to yet another sigh of relief among investors that already are in a rather relaxed on the eve of the signing of the documents on the first phase of the trade agreement between the US and China. But at the same...
Hi everyone, here is a small idea I have: EURJPY Short. JPY in my opinion is getting a little bit stronger considering the tensions that are a little bit rising with the US-China Trade War. Also, JPY has released some good numbers these past couple of days, like GDP, etc. so in my opinion JPY is Strong. EUR in my opinion is a little bit neutral, I don't see...
Here is an idea: GBPAUD Long. Why you may ask, here are a few reasons: - UK General Elections on December 12th (current predictions are Tories winning the elections, and market wants Tories to win) - December 15th Tariffs (Trump still hasn't taken a decision on what to do with December 15th tariffs, most likely I believe he will keep them as tensions has started...
A timely update to the Dollar chart after clearing Fed minutes. Nothing to update after the third cut, Fed front loading the DXY decline over the coming months and quarters. Firstly lets start with our Long-term Dollar chart: Mainstream media selling the orderly brexit resolution and reflationary growth rebound to strategically converge the gap with the US....
This week Fed Chairman Jerome Powell was speaking to Congress. He the things that may modify the state of the foreign exchange market. It is not about the Fed rates and the monetary policy vector, but about problems that have been trying not to talk about, because attracting attention to them is a very risky idea. We are talking about the so-called “three Ds”...
The previous week, promised to be relatively calm, however, it turned out to be eventful. Gold and the Japanese yen were under downward pressure. The reason is the progress in negotiations between the US and China as well as the growth of positive market expectations regarding the end of trade wars in the foreseeable future. The main result of the week was the...
You can see here that the price broke bullish after the last leg of the W pattern formed and we have been in a consolidation level (manipulation) for the last couple of weeks. To be honest here with the state of current EURO economic policy and US-China trade war taking center stage this can go either way if local sentiment goes back to being positive. Investors...
Keeping it short but precise, few fundamental bullet points on factors that will affect gold until the end of 2019: 1. Once US/China deal gets finalized, Gold should have a bearish consolidation to 1410, eventually to 1360 by the start of 2020. 2. GOLD is currently in a horizontal range due to two factors: Global monetary policy dovishness continues for...
OANDA:USDCAD - Details on the chart. Pipdify Tamilkumar
Mi análisis técnico personal en visión semanal. Neutral, por decir algo. Aunque no hay certeza de nada, puede ser probable el escenario debido al conflicto imperial en curso. Salud! ------------------ My personal technical analysis in weekly vision. Neutral, to say something. Although there is no certainty of anything, this scenario may be probable due to...
Since the first breakout of the 3-Month falling trendline, the gold fell all the way close to the previous low and found support at 1273.2. The price consolidated for about 2 trading days and yesterday it finally jumped and broke above the falling trendline for the second time. This is also fundamentally caused by falling stock prices and weakening of the dollar...
So this setup for gold is amongst the most straight forward setups, a lot of confirmations coming together at the same point. Break and retest of trendline Fib key zone Previous reversal zone Touch of a smaller scale trendline if could be a very nice buy opportunity for gold, and I will definitely be keeping an eye on this setup, provided I get price action, I...
I will buy AUDUSD from 0.6870 with take profit targets at 0.7050 stops set 0.6850