TheForexMessiah

TheForexMessiah

NZDUSD has been consolidating over the past month, and in light of USD strength there is now an opportunity to enter into a downtrend on the NZD against the USD. The following is my trade thesis: 1 - Understanding Interest Rates. In Forex, interest rates are crucial in predicting the flow of money between currencies. Essentially, a country with a high interest...

TheForexMessiah

The crypto market has been moving sideways since March 2024. This offers the optimal opportunity to add or build your crypto portfolios. Ethereum is currently in a down trend. The price range 2850.00 - 3000.00 is not only a key psychological level but also a price magnet for potential bullish momentum. Once price is in this range I will be adding to my...

TheForexMessiah

EURUSD continues to fall as the DXY moves higher and higher. Let's take a look into the factors affecting this FX pair over the next few weeks and months. Interest Rates: The European Central Bank (ECB) cut rates from 4.5% to 4.25% on 6 June 2024. Current Euro Area inflation rate sits at 2.6%. Real Interest Rate = 4.25% - 2.6% = 1.65%. The Federal Reserve...

TheForexMessiah

Expect a lot of noise from this pair over the coming days as the UK and Australia are expected to revise the interest rates. Currently the GBP rate is much stronger than AUD so our bias is to go long.

TheForexMessiah

The DXY is gaining strength as of last week's Fed rate decision. Short term price action is favouring the DXY. However, it is important to keep in mind that the GBP interest rate adjusted for inflation is stronger than that of the USD. Therefore, GBPUSD remains in an uptrend. This Wednesday and Thursday will give us an update on the UK interest rate and...

TheForexMessiah

Fundamental Analysis: US Real Interest Rate: 5.5%(Interest Rate) - 3.3%(Inflation Rate) = 2.2% Australia Real Interest Rate: 4.35%(Interest Rate) - 3.6%(Inflation Rate) = 0.75 Real interest rate refers to the rate of interest adjusted for inflation. As the US rate is higher than the Australian one, USD is much stronger than AUD. Therefore, we...

TheForexMessiah

I will be monitoring Tuesday's price action to potentially add to my short positions ahead of Wednesday's US data. The following is news and data we need to keep an eye out for over the coming week: Core CPI m/m, CPI m/m, CPI y/y Federal Funds Rate FOMC Economic Projections FOMC Statement FOMC Press Conference Core PPI m/m PPI m/m Unemployment Claims Prelim UoM...

TheForexMessiah

The USDJPY has experienced bearish pressure due to recent interventions by the Bank of Japan (BoJ), which has been purchasing Yen to stabilise its currency. According to Bloomberg, the BoJ has spent over $62 billion in the past month on these interventions. Despite significant USD strength over the JPY driven by the interest rate differential, the chart shows...

TheForexMessiah

Market Overview: On Friday the 7th of June, Gold fell sharply by over 4%. During the London session we saw headlines that the People's Bank of China (PBOC) paused gold purchases to its reserves in May, ending a massive buying spree that ran for 18 months, according to Bloomberg. Gold dropped just after the headlines were published. China’s central bank has...

TheForexMessiah

Market Analysis by The Forex Messiah The USDJPY has experienced bearish pressure due to recent interventions by the Bank of Japan (BoJ), which has been purchasing Yen to stabilise its currency. According to Bloomberg, the BoJ has spent over $62 billion in the past month on these interventions. Despite significant USD strength over the JPY driven by the interest...

TheForexMessiah

Market Analysis by The Forex Messiah The Non-Farm Employment data exceeded expectations, coming in strong at 272K versus the forecasted 182K. This positive surprise caused the DXY to rally over 0.9%, reflecting a significant gain in the US dollar. Given the GBPUSD's bearish reaction to this news, we anticipate a continued downward movement towards the 1.25...

TheForexMessiah

Coins remain stale during this crypto range market. WIFUSD is on my watchlist and will be buying more at the low of the range in anticipation of a bull run.

TheForexMessiah

XRP follows the price of BTC closely whilst trading in this range. If you are anticipating a Bitcoin bull market soon, XRP may look good for short term swing trades up to the top of the range.

TheForexMessiah

JPY Fundamentals (IMPORTANT): The Bank of Japan has spent a record 9.79 trillion yen ($62.23 billion) over the past month to support the country's declining currency. Despite this significant intervention, the yen is likely to continue hovering near its critical lows. “Authorities will likely continue to spend big on intervention.” The data, released by...

TheForexMessiah

My first analysis on US Oil. We are in a clear downtrend on the monthly time frame and price continues to make lower lows on the lower tome frames (4HR - 1 W). Short term pullbacks offer selling opportunities. Keep in mind that over the following week we have the following news data: June 3 - June 7: Final Manufacturing PMI ISM Manufacturing PMI JOLTS Job...

TheForexMessiah

DXY continues to hold its ground. Upcoming news in favour of the US Dollar will drive GBPUSD lower. There is also no high impact news for GBP over the coming week so expect bearish pressure from the get go. Challenging week up ahed guys, good luck!

TheForexMessiah

DXY continues to hold its ground. Upcoming news in favour of the US Dollar will drive EURUSD lower. Challenging week up ahed guys, good luck!

TheForexMessiah

Over the following week Gold will face a lot of volatility from the following news events: Final Manufacturing PMI ISM Manufacturing PMI JOLTS Job Openings ADP Non-Farm Employment Change ISM Services PMI Unemployment Claims Average Hourly Earnings m/m Non-Farm Employment Change Unemployment Rate DXY has held its ground over the past few weeks...