All eyes seem to be on the US China talks so keep an eye on that.
Upcoming reports:
Today we have the core inflation year over year being produced. Estimated at 2.9 previously 2.8. This is an important indicator. This will give you an idea of purchasing power of a currency and potential direction of central bank policy.
The UDS/JPY currency pair is sensitive...
Last week ended with buyers pushing price upwards. Price is testing our key resistance of 114.784.
Targets:
Buy: 145.066 (open and close above)
Sell: 114.599 (open and close below)
Key takeaways:
Price is currently bullish in hour and four timeframes moving above 200 sma
Bearish in weekly and monthly
Our next report is going to be the Core Inflation Rate...
Reports:
U.S. nonfarm payrolls report for May 2025.
This economic indicator provides insight to jobs added or lost in the economy, excluding farm workers, private household employees, and non-profit organization employees.
Policymakers pay close attention as it reflects the labor market and can influence decisions related to monetary policy.
The forecast...
Not much to share here today more so waiting for the Non-Farm Payrolls report before any serious movements.
Targets:
Buy open and close above 143.481
Sell open and close below 142.559
I'll post a recap of the week June 6th and more information on Non-Farm Payrolls
I hope anybody who took my calls this week locked in profits. If you are viewing my ideas,...
Reports: ISM Non-Manufacturing Purchasing Managers' Index (PMI)
This is a monthly report by the institute for Supply Management (ISM)
Basically, provides a look into economic health of the U.S services sector, which includes industries such as finance, healthcare, retail, and professional services.
The four key subcomponents are Business activity, new orders,...
Today we have the JOLTS JOB REPORT due at 10am est
Key takeaways
Job openings, Quits Rate, and Hires vs Openings
Job openings: a higher number shows strong demand for labor hinting at a tight labor market
Quits Rate: A higher quit rate could mean workers are confiednt they can find better opportunities
Hires V Openings: When job openings are on the rise...
Our initial trade of the week was a success no drawback. The currency pair has created a new level and is now in a testing zone that I view as either a possible reversal or continuation of a downtrend validated by the 4 hour and daily timeframes. My points of interaction.
Sell: Open and close below 142.579
Buy: Reversal at 142.579
Even though these are the...
Just a look into what my thoughts are to start this week.
Price points are 144.750 for a buy and 143.450 for a sell. I believe that between those two points will be a lot of consolidation and recommend waiting for an open and close above or beneath before entry.
This is just an idea based off my observations. I'll share ideas based off my indicators and...
