On the 1M Time-Frame there has been a bearish cross on the MACD indicator. Moving averages are above the zero level; however, downward momentum could push EMAs below the zero level.
The market sentiment appears to be that the expectation should be that Inflation and price level data for the U.S economy coming in on Wednesday. The trend with bad U.S at the moment seems to be reasonable to infer some depreciation in the Dollar rate as market participants want to get out and begin front running the Fed ahead of their first anticipated rate cut....
Japan exports to U.S and Europe in similar quantities demanded. Observing the Yen per Dollar and Yen per Euro rates, 143.821 Yen per Dollar and 157.870 Yen per Euro. The euro displays strength as it costs more Yen to Purchase one Euro opposed to a smaller amount of Yen to purchase one Dollar.
On October 12, 2023. The U.S released the Inflation Rate as well as the CPI figures. Both for the Sep period. The Dollars per Euro rate having depreciated by 0.93% to end the week following the release of price data. Do exchange rates moving conjoinedly with price levels? This would be a good thesis to create that hypothesis. One example is statistically...
Invalidation: Swing Low, 0.8860 Target: 09/26/2022 Swing High, 1.0516
Tue, Nov 14, 23. - CPI, Oct, Actual: 307.671 Previous: 307.789 Expectation: 307.8- 387.857 Wed, Nov 15, 23. - PPI MoM, Oct, Actual: -0.5% Previous: 0.4% Expectation: 0.1% Wed, Nov 15, 23. - Retail Sales MoM, Oct, Actual: -0.1% Previous: 0.9% Expectation: 0 to -0.3% Thu, Nov 16, 23. - Export Prices MoM, Oct, Actual: -1.1% Previous: 0.5% Expectation: -0.4% to...
Modeling how a change in the exchange rate causes 'AD' to shift to the right.
I used the U.S PCE YoY as the base, I then overlaid the M1 YoY and Real GDP YoY. I used the beginning of this years as a reference point as that is roughly when the fed began increasing interest rates. As the price level declines demonstrated by a decline in the money supply and PCE YoY declining Real GDP YoY is seen increasing To my understanding this...
Is it possible to see the Dollar depreciate against the Euro in the upcoming future, as a wannabe economist. I propose a few objective data points that may or may not support this thesis. I am interested in gaining feedback to further my ability to apply what I am self-teaching myself.
Am I the only one that thinks bitcoin is going to high without retracing to previous highs?
Looks like price broke a horizontal level lets wait to see what price does
Looks like price broke a horizontal level lets wait to see what price does
Looks like price broke a horizontal level lets wait to see what price does
Looks like price broke a horizontal level lets wait to see what price does
Top line - Stop loss Middle line - Horizontal Trend Line Bottom Line - Take profits SL - 1.06680 Entry - 1.05680 Tp - 1.03680 1:200 Risk to reward ratio Stop loss 100 pips above the entry Take profits 200 pips below the entry Waiting to see if price is going to come down to the 1.03680 area which could be a potential double bottom depending on how price moves