Perfect swing plays recently with a combined 4 pairs playing to perfection in terms of foundational analysis following through with historical and suspecting market conditions ripe for continuation price action per the analysis posted 33 days ago. We are regrouping with a new bias ad will post that shortly.
📢 Signal#:3 🏦 OrderType: Sell 💱 Symbol: EURUSD 🇪🇺🇺🇸 📈 OpenPrice: 1.13056 🎯 New TP: 1.12009 Will follow up with analysis. 09:34:54 (UTC) Wed Dec 1, 2021
The main mover last week was the strength of the US dollar, which was bolstered by a new 30-year high from the US consumer inflation report. It seems that we are merely continuing that trend into the new trading week, but a simple glance at other USD-based crosses immediately dispels that assumption. GBP/USD, USD/CAD, AUD/USD, and NZD/USD were among the major...
According to the latest US inflation data, which will be released at 13:30 GMT, rising energy costs and supply chain concerns will keep consumer prices on the rise. It is projected that core inflation would rise from 4.0 percent in September to 4.3 percent in October, while headline inflation will rise from 5.4 percent in September to 5.8 percent in October, a...
The major show of the day will be the latest US CPI data, which is predicted to jump 0.4 percentage point to 5.8 percent, with the core number rising 0.3 percentage point to 4.3 percent. As a result, this would be the sixth month in a row that inflation has above 5%, with the core reading at 4% or higher for the fifth month in a row. Expected CPI of 5.8 percent...
The Euro has been plainly in a downtrend since May, with the currency mostly carving out short-term lower-lows and lower-highs as a consequence. Another lower-lower in this region might be on the way very soon. A breach below 1.1524 will be enough to drive the EUR/USD into the red and to a new cycle low. It will be fascinating to observe how a new low is received,...
Gold rose sharply following the announcement of the US Consumer Price Index (CPI) data yesterday. The headline CPI for September was 0.4 percent, which was higher than the expected 0.3 percent.Month on month (m/m), the Core CPI increased by 0.2 percent.Despite a dismal economic forecast, the Fed's rate rise expectations remain strong. See below
By midweek, the euro has recovered from its early-week slump and was trading at 1.1500 versus the US dollar. The EUR/USD pair regained its composure and recovers from Tuesday's fresh 2021 lows in the 1.1525/20 range. On Wednesday, the dollar's softening tone permitted a small comeback in the pair ahead of key US calendar data releases and amid falling cash market...
Update for the swig short posted below and verified in tradingview.
The Federal Reserve's September rate decision has been discussed extensively. The most contentious topic at the moment is whether the Fed will disclose details on reducing asset purchases. The majority of FOMC members have said they expect such action to begin later this year, as agreed upon in July. This may result in a weakening of the dollar and a resurgence...
The Pound declined on Friday because of US and domestic data releases. In addition to the bulk of stock, bond, and currency markets, the energy commodities market had a pause throughout the Asian session. In the US retail sales figure for August, the US Dollar had an up-and-down day, since although it rallied the previous day in the US, it fell in Asia following...
While the US Dollar Index (DXY) has recovered quickly from the weaker-than-expected Non-Farm Payrolls (NFP) data, the greenback may face headwinds ahead of the Federal Open Market Committee's (FOMC) interest rate decision on September 22 as inflation is expected to fall for the first time this year, according to the Conference Board's. In the United States, the...
With the European Central Bank's September Governing Council meeting in the books, Euro traders' attention will shift to the ECB's October 28 meeting and, more importantly, the December 16 meeting. As a result, it is now "active," implying that the European Central Bank's support for the Eurozone economy may be reduced as a result of the December meeting in...
Following the dismal August US Nonfarm Payrolls data, the US Dollar's rebound (as indicated by the DXY Index) has helped to take some of the shine off gold prices during the last week. Because the expected decline in US fiscal and monetary stimulus has come — pandemic-era unemployment benefits have expired, and the Federal Reserve's taper announcement seems to be...
With further inflation data coming from Europe, the US CPI report will be hotly anticipated by investors. With SaaS, users don’t need to install or update any software. Instead, users can log in through the Internet or web browser and connect to the service provider’s network to access the particular service. Last week, the British Pound lost its two-week run...
The euro/pound dropped on Thursday as the European Central Bank only made a modest monetary policy change. The currency pair also exhibited minimal response to the mixed bag of UK economic statistics released on Friday, which showed lower-than-expected growth offset by higher-than-expected industrial output numbers. This implies that fundamental GBP traders will...
The European Central Bank president, Christine Lagarde, rephrased Margaret Thatcher's quote about inflation: "She's not tapering." Despite the Eurozone's financial crisis recovery, the ECB appears to be easing monetary policy. A shift in the ECB's bond-buying program has also been made, and the ECB has also announced that it will increase its quantitative easing...