NICKY-FX

NICKY-FX

( AUD/USD - Outlook ) RBA Rate - Hike from 4.10% to 4.35% Despite the rate hiking the AUD closed pretty much lower this week due the fact that Fed’s Chair Jerome Powell seems to have left the door open for one possible last rate hike again in order to get the US inflation to 2%. On the otherside the reason I think the FED will not think for another rate hike...

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EUR/USD Outlook ! Fundamentally, EUR/USD to maintain a consolidative mood in the next few days as the hawkish comments from the Federal Reserve pushed the USD higher. If US inflation comes in lower than expected next week, we might able to see the clear market direction, however Its unlikely to happen now as FED might need to do more to get the inflation to...

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Even though TSLA 'st recent earnings report was quite underwhelming. the price might come to 250 , as More than 9.4 million plug-in electric cars were sold during the first nine months of 2023, accounting for about 16 percent of the total car sales globally.

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AUD/USD Aussi inflation report has given high expectations of one more 25 bps interest rate hike from the RBA.

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EUR/USD climbed up giving me bullish confirmation onwards . Therefore look for longs at marked levels.

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EUR/AUD Risk side below, Australia's Unemployment Rate has come positive 3.6%. RBA is giving signals for another rate hike. Looking for Longs . ( In LTF with confirmations only ) Entry - 1.6670 / 1.6643 T/P 1 - 1.6900

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EUR/USD LTF possible entry setup ! Entry - 0.0511/0.0513 S/L- 0.0518 (Only with bearish confirmations )

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I do still believe that the bearish trend is not over as there is a high chance still that DXY can touch 107.50 followed by 108 levels. However, even though NFP came out higher fueling interest rate hike fears , but still there is a chance that the Fed may pause rate hiking due to decline in wage growth of Average Hourly Earnings (MoM) -(YoY) - and unchanged...

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DXY clearly waits for Friday’s Non-Farm Payrolls report. I do expect NFP to come higher than expected (170K) as Jobless claims are dropped from 210k to 207K . Deutsche Bank is a German multinational investment bank and financial services company forecasts the unemployment rate 3.9% and the earnings growtht +0.2% m/m. Currently the DXY is trading above 200EMA...

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A rise in oil prices may cause the consumer price index (CIP) and Producer Price Index (PPI) higher. Today US CPI climbed to 3.7% from 3.2% as Oil price continues to raise high since June 2023. Rising oil prices increase the cost of transporting goods and services, as a result the inflation raises high. WTI CRUDE 88.73 BRENT CRUDE 92.09 ...

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Traders eye on upcoming key economic indicators next week. According to economic analysts the ECB is most likely to keep the interest rate unchanged in September. US inflation continues to slowdown even though labor market still reminds a bit of strong. U.S. Initial Jobless Claims dropped to 216K from 229K (Previous) ISM Manufacturing PMI increased to...

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GBPUSD dropped to the target 1.2450 I do expect further beairsh outlook to the level of 1.24000. If the price shows any bearish confirmation at one of marked levels. Look for a short as To me the market is still bearish.

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Gold looks like to me gonna have a drop to the 1900 level as continuation of DXY will weaken the Metal. Looking at HTF I think the GOLD was having a bull correction against the prevailing trend to beartish side. To me It still look bearish !

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Its better to let the market to show a bit more details about the direction with new released reports. As I expected the price fell back below 1.080 level again. * ECB most likely to keep the rate unchanged in September with economic reports. * US unemployment rate is rose to 3.8% from 3.5%. * U.S shows adding more jobs and raising unemployment rate is a...

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I personally cant think EUR/USD can hold above the 1.0800 longer. US Dollar sharply declines but still there is a high chance of DXY to test 105 level. Tomorrow will be a critical day for EUR/USD. * German inflation * GDP (QoQ) (Q2) * ADP Nonfarm Employment Currently looking for a short postion as the price has grabbed liquidity . Note - Trading is not...

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EUR/USD daily chart shows a clear downside bias, If the price pushes above 1.085 level ,we can expect a futher again as US 10-year Treasury bond yields dropped, Look for a short at 1.0848 to 087 level if the price shows any bearsh confirmations.

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I don't know why I feel there is one more leg to down. :) Decided to execute a trade with very tight S/L .

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EUR/USD is very noisy . Currently looking for a risky short position to the 1.0900 . Entry - Mitigation block / Fin Level 61.8 t0 78.60%. ( Entry afterthe LTF confirmation only)