July 27, 2022 FED INTEREST RATE
-> expecting a rate increase in the range of 50-100 bps
in the short term it looking bullish so a rise from monday till tuesday is likely the a reversal at the zone to resume the overall trend
potential reversal with the new varianshowing bullish moves for the market safe have currency will lose strength and the macd showing divergence futher supports this therefore taking a buy limit on this trade at the negativ egib level as shown
change in the fed stance on interest rate, inflation and job recovery is driving investor to change stance on how price stands i still expect price to fall after 112 to 115 unless some consolidation occurs to support upward trend
the trendline on the chart have been respected so it is likely this trend will wontinue so judging by the price action at the trendline entry for trades shall be tabled
im still waiting for the inflation to hit with the way us data has shown weakness potential entry points for sell just below 109.40 to 110.20 till june when the us data catches up to the economy
currently awaiting to see the price action movement barring any significant changes then the euro should experince a pullback and continue futher gains on the dollar until new interest rates and inflation in the us economy changes. Futher this could change if the Fed increases interest rates to counter the high inflation due to increase of dollars being printed out
the same with all usd pair currency we await if the fed will stick to what the said regarding interest rate being kept the same till mid 2022 if the satnd with this approach expect a weakening dollar pushing the pair lower
will look at a buying trade on a sgnificant break in the 107.9-107.5 range for entry on the pair
same as last time depending on what the fed decide to do with the interest rates we will see either a move to test to moving average 200 or a move towards the -0.236 fibbo but the monthly is showing a hammer so the technical is ready for a retracement to higher levels
with the fed choosing not to increase interest rates till mid 2022 and the euro not showing any sign of real strength a neutral approach to eurusd is to be taken on long term trade with rang between 1.12100 to 1.18200 unless europe economy shows strength or the fed increases interest rates i foresee a ranging market
gold is on a pullback i expect the trendline to be respected so as longas it doesnt go close above 1750 this week a possible short position will be entered
