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GOLD 1H CHART ROUTE MAP & TRADING PLAN FOR THE WEEK AHEADHey Everyone, Please see our updated 1h chart levels and targets for the coming week. We are seeing price challenge 2231 on market close on Friday. This is a level of resistance and will need ema5 to cross and lock above 2231 to open the range above. We have a bullish body close price gap target at 2240 and support targets at 2225 and 2217. We will need to see 2217 cross and lock with ema5 to open the retracement range and a further break below the retracement range will see the swing range open.. Failure to lock below 2217 will establish support above this range for re-tests on the levels above once again. We will keep the above in mind when taking buys from dips. Our updated levels and weighted levels will allow us to track the movement down and then catch bounces up. We will continue to buy dips using our support levels taking 30 to 40 pips. As stated before each of our level structures give 20 to 40 pip bounces, which is enough for a nice entry and exit. If you back test the levels we share every week in the past 24 months, you can see how effectively they were used to trade with or against short/mid term swings and trends. BULLISH TARGETS 2240 EMA5 CROSS AND LOCK ABOVE 2231 WILL OPEN THE FOLLOWING BULLISH TARGETS 2240 2246 POTENTIALLY 2253 BEARISH TARGETS 2225 2217 EMA5 CROSS AND LOCK BELOW 2217 WILL OPEN THE RETRACEMENT RANGE 2206 EMA5 CROSS AND LOCK BELOW 2206 WILL OPEN THE SWING RANGE SWING RANGE 2189 - 2181 As always, we will keep you all updated with regular updates throughout the week and how we manage the active ideas and setups. Please don't forget to like, comment and follow to support us, we really appreciate it! Mr Gold GoldViewFX
OANDA:XAUUSD
by Goldviewfx
44
GOLD 4H CHART ROUTE MAP & TRADING PLAN FOR THE WEEK AHEADHey Everyone, Please see our updated 4h chart levels and targets for the coming week. We are seeing price play between two Goldturn levels, support at 2218 Goldturn and resistance at 2238 Goldturn. We have a bullish gap open now at 2238 and we are seeing ema5 challenge 2218 and will need to see ema5 lock above 2218 to open the range above upto 2253 and a further lock above 2253 will open the range above. However, we also have a target retracement range between 2196 - 2180 and a break and lock below 2180 will open the swing range and a further break and lock below the swing range will see the Goldturns tested below. We will keep the above in mind when taking buys from dips. Our updated levels and weighted levels will allow us to track the movement down and then catch bounces up. We will continue to buy dips using our support levels taking 30 to 40 pips. As stated before each of our level structures give 20 to 40 pip bounces, which is enough for a nice entry and exit. If you back test the levels we share every week in the past 24 months, you can see how effectively they were used to trade with or against short/mid term swings and trends. BULLISH TARGETS 2238 EMA5 CROSS AND LOCK ABOVE 2218 WILL OPEN THE FOLLOWING BULLISH TARGETS 2238 2253 BEARISH TARGETS 2218 2196 2180 EMA5 CROSS AND LOCK BELOW 2180 WILL OPEN THE SWING RANGE SWING RANGE 2180 - 2153 As always, we will keep you all updated with regular updates throughout the week and how we manage the active ideas and setups. Please don't forget to like, comment and follow to support us, we really appreciate it! Mr Gold GoldViewFX
FXOPEN:XAUUSD
by Goldviewfx
13
GOLD DAILY CHART MID/LONG TERM PROJECTIONHey Everyone, Please see our daily chart idea that we have been tracking for a while now, which is playing out and respecting dynamics perfectly over the last few months. Last week we highlighted that we are likely to witness either a break above the channel or some resistance and some correctional retracement for a level to level bounce back up to continue to extend the channel range to 2205 and 2237 long term. This played out perfectly, as we saw the rejection play into the retracement area for the correction, inline with the channel half-line support. We then stated that we expected some support for a bounce and then continuation onto channel top. - This played out once again bouncing off the channel half line into the extended channel top once again for the finish and heading into the targets highlighted with 2237 just left open. Just perfect!!!! Once again we have highlighted and updated a route map within the channel for retracement and support tests and levels to extend the range and channel top. We ales keep in mind 2175 is holding the structure above the channel half line support. We will use our smaller timeframe analysis and trading plans to navigate the range in true level to level fashion. Our long term bias is Bullish and therefore we will continue to use our smaller timeframes to buy dips using our algo generated levels and setups. Buying dips allows us to safely manage any swings rather then chasing the bull from the top Please don't forget to like, comment and follow to support us, we really appreciate it! MR GOLD XAUUSD TOP AUTHOR
OANDA:XAUUSD
by Goldviewfx
9
GoldViewFX - Gold long term projection and plan.Hey Everyone, This is our monthly chart long term projection chart. We have been tracking this chart since July 2023, which we saw completed hitting all our targets perfectly with a perfect finish on the channel top. We then tracked the rejection from the channel top into the monthly chart detachment highlighted by the circle with room still left at 1987 for a test, also inline with the channel half line. - THIS PLAYED OUT BEAUTIFULLY! We then suggested that we will see a reaction on this channel half line for another push up to retest the upper range again. - Once again this played out accordingly for the push up hitting our Bullish targets once again. However, the 2080 target was left short just by a few pips so can still be considered open. Since then we saw the new monthly candle come down to attach to ema5 this month also highlighted with a circle on the chart. We are looking for dynamic suport here for a push up. If dynamic support fails to hold price here then we are likely to see price support above 1987. - Just like we said we got the ema5 detachment complete but no dynamic support. 1987 provided the support and the bounce, as advised previously. We are likely to see price now play between this big range. A break below 1987 will see the lower half of the channel range open up. However, support above this level inline with the channel half-line will give opportunities longer term to buy dips back into the 2080 level long term. PREVIOUS UPDATE BOOOOM!!!! Our 2080 target that we have been suggesting and targeting from dips was now hit perfectly last week. We now have 2163, as our long range target to complete this chart idea. CURRENT UPDATE 2161 was hit last week completing our projection from last week for another perfect hit. We now now either see this channel break and go for the 2235 level or a rejection here for a correctional retracement will see price find support at the highlighted Goldlturns for a reaction until the bulls find momentum again to extent the channel range to then target 2235 and 2296 long term. - This played out perfectly with the 2235 target hit perfectly and now our long term at 2296 left for the extended range. Once again we have highlighted and updated a route map within the channel for retracement and support tests and levels to extend the range and channel top for the future. We will also keep in mind 2080 is holding the structure above the channel half line support. Trying to chase the right target is like chasing your tail. The best strategy to trade this, is by having a long term plan. We will continue to buy dips using our smaller timeframes and use the support ranges on this chart to plan our long term exposure to market. As always, we will keep you all updated with regular updates throughout the week and how we manage the active ideas and setups. Please don't forget to like, comment and follow to support us, we really appreciate it! GoldViewFX XAUUSD TOP AUTHOR
FOREXCOM:XAUUSD
by Goldviewfx
20
GOLD 4H CHART ROUTE MAP & TRADING PLAN UPDATEHey Everyone, Another fantastic day on the charts for us with our 4H chart also hitting all our targets. Earlier this week we got our bullish target 2180 hit followed with our ema5 cross and lock above 2180 opening 2196 and 2223. We got the 2196 twice giving us plenty of opportunities to buy dips for the targets and now heading towards the final target at 2223. We will continue to buy dips using our support levels taking 30 to 40 pips. As stated before each of our level structures give 20 to 40 pip bounces, which is enough for a nice entry and exit. If you back test the levels we share every week in the past 24 months, you can see how effectively they were used to trade with or against short/mid term swings and trends. BULLISH TARGETS 2180 - DONE EMA5 CROSS AND LOCK ABOVE 2180 WILL OPEN THE FOLLOWING BULLISH TARGETS 2196 - DONE 2223 As always, we will keep you all updated with regular updates throughout the week and how we manage the active ideas and setups. Please don't forget to like, comment and follow to support us, we really appreciate it! Mr Gold GoldViewFX
FXOPEN:XAUUSD
by Goldviewfx
56
EURUSD: EURUSD technical analysis todayLast week, US Federal Reserve (Fed) policymakers anticipated hobby quotes might lower through three-quarters of a percent factor through the give up of the year. The Fed and European Central Bank aren't predicted to ease as speedy or to the identical quantity as rising markets, leaving bring buyers to be greater selective. State Street Global Advisors recommends moving to lower-threat bring trades and the use of the solid Swiss franc because the investment forex, favoring shopping for the Indian rupee towards the Chinese yuan Quoc. Low volatility is a key thing in prefer of bring trading, with Deutsche Bank`s CVIX index, which measures predicted volatility in 9 main forex pairs, hitting a low of almost 2-1/ 2 years. This has endorsed buyers to preserve conducting hobby charge bring trades. London-primarily based totally ING cited that no matter expectancies of multiplied volatility on the begin of the year, sturdy US information maintained the enchantment of bring trades for the time being. Despite current hobby charge modifications through the Swiss National Bank and the Bank of Japan, marketplace volatility stays subdued, as indicated through low three-month dollar/yen implied volatility . However, analysts warn that it might not take lengthy for markets to disrupt and bring trade, with ability triggers together with important financial institution policy, monetary information monetary occasions, geopolitical occasions and elections, mainly withinside the US this year. Petersen emphasised that the brink for multiplied volatility is pretty low, suggesting that the present day balance withinside the forex marketplace can be very delicate.
Short
by Chart_MasterPro
Falling to overlap support WTI (OIL) has just reacted off the resistance and could fall to overlap support that lines up with the 38.2% Fibonacci retracement. Alternatively, if price breaks above the pivot, it could continue to rise to the next resistance level Pivot: 82.33 Support: 80.91 Resistance: 83.54 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary. Disclaimer: The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
ICMARKETS:XTIUSDShort
by ICmarkets
GOLD 1H CHART ROUTE MAP & TRADING PLAN UPDATEHey Everyone, Yesterday we advised after hitting our final target at 2197 followed with the rejection back into the range will re-activate all the levels again. Once again we saw price find support at 2175 Goldlturn followed with a nice push up into 2181 and 2191 for another round of buying dips with 2197 now left open. We will continue with our plans to buy dips. Our updated levels and weighted levels will allow us to track the movement down and then catch bounces up. Please also refer to our 4H chart ideas for further targets and activations. We will continue to buy dips using our support levels taking 30 to 40 pips. As stated before each of our level structures give 20 to 40 pip bounces, which is enough for a nice entry and exit. If you back test the levels we share every week in the past 24 months, you can see how effectively they were used to trade with or against short/mid term swings and trends. BULLISH TARGETS 2167 - DONE EMA5 CROSS AND LOCK ABOVE 2169 WILL OPEN THE FOLLOWING BULLISH TARGETS 2175 - DONE 2181 - DONE EMA5 CROSS AND LOCK ABOVE 2181 WILL OPEN 2191 - DONE 2197 - DONE BEARISH TARGETS 2158 EMA5 CROSS AND LOCK BELOW 2158 WILL OPEN THE RETRACEMENT RANGE 2148 EMA5 CROSS AND LOCK BELOW 2148 WILL OPEN THE SWING RANGE SWING RANGE 2138 - 2125 As always, we will keep you all updated with regular updates throughout the week and how we manage the active ideas and setups. Please don't forget to like, comment and follow to support us, we really appreciate it! Mr Gold GoldViewFX
OANDA:XAUUSD
by Goldviewfx
14
AUDUSD: Asian foreign exchange was little changed ahead of key dDollar constant with PCE inflation and Fed remarks in focus The greenback index and greenback index futures fell throughout the Asian consultation on Tuesday, extending in a single day losses because the dollar noticed a few profit-taking after growing to an intraday high. one month. Still, investors stay closely biased in opposition to the greenback in advance of key inflation and Federal Reserve alerts this week. PCE fee index data - the Fed`s desired inflation gauge - may be launched on Friday and is broadly anticipated to persuade the primary bank's hobby price outlook. Along with PCE data, speeches from key Fed officials, consisting of Chairman Jerome Powell and FOMC member Mary Daly, may also be launched this week.
Short
by Chart_MasterPro
GOLD 1H CHART ROUTE MAP & TRADING PLAN UPDATEHey Everyone, Another piptastic day on the charts today with our chart idea playing out perfectly Yesterday we got our open target to 2167 hit followed with a cross and lock above 2167 opening 2175 and 2181 of which both were hit. We then advised we were looking for support above 2167 for a continuation and retest on the levels above until we see a lock above 2181. - This played out perfectly with support above 2167, as advised; followed with the retest at 2181 and cross and lock confirmation opening 2191 and 2197, which were both hit perfectly!!!! This was true level to level execution After hitting 2197 final target on this chart we saw a perfect rejection back into the range and re-activating the levels to use. We will continue with our plans to buy dips. Our updated levels and weighted levels will allow us to track the movement down and then catch bounces up. Please also refer to our 4H chart ideas for further targets and activations. We will continue to buy dips using our support levels taking 30 to 40 pips. As stated before each of our level structures give 20 to 40 pip bounces, which is enough for a nice entry and exit. If you back test the levels we share every week in the past 24 months, you can see how effectively they were used to trade with or against short/mid term swings and trends. BULLISH TARGETS 2167 - DONE EMA5 CROSS AND LOCK ABOVE 2169 WILL OPEN THE FOLLOWING BULLISH TARGETS 2175 - DONE 2181 - DONE EMA5 CROSS AND LOCK ABOVE 2181 WILL OPEN 2191 - DONE 2197 - DONE BEARISH TARGETS 2158 EMA5 CROSS AND LOCK BELOW 2158 WILL OPEN THE RETRACEMENT RANGE 2148 EMA5 CROSS AND LOCK BELOW 2148 WILL OPEN THE SWING RANGE SWING RANGE 2138 - 2125 As always, we will keep you all updated with regular updates throughout the week and how we manage the active ideas and setups. Please don't forget to like, comment and follow to support us, we really appreciate it! Mr Gold GoldViewFX
OANDA:XAUUSD
by Goldviewfx
19
GOLD 1H CHART ROUTE MAP & TRADING PLAN UPDATEHey Everyone, Great start to the week with our chart idea off to a flying start!!! We got our open target to 2167 hit followed with a cross and lock above 2167 opening 2175 and 2181 - Both these targets were hit perfectly after the confirmation. We will ow look for support above 2167 for a continuation and retest on the levels above until we see a lock above 2181. However, failure to support above 2167 will see the 2158 support gap filled and a break and lock below 2158 will open the retracement range. We will keep the above in mind when taking buys from dips. Our updated levels and weighted levels will allow us to track the movement down and then catch bounces up. We will continue to buy dips using our support levels taking 30 to 40 pips. As stated before each of our level structures give 20 to 40 pip bounces, which is enough for a nice entry and exit. If you back test the levels we share every week in the past 24 months, you can see how effectively they were used to trade with or against short/mid term swings and trends. BULLISH TARGETS 2167 - DONE EMA5 CROSS AND LOCK ABOVE 2169 WILL OPEN THE FOLLOWING BULLISH TARGETS 2175 - DONE 2181 - DOME BEARISH TARGETS 2158 EMA5 CROSS AND LOCK BELOW 2158 WILL OPEN THE RETRACEMENT RANGE 2148 EMA5 CROSS AND LOCK BELOW 2148 WILL OPEN THE SWING RANGE SWING RANGE 2138 - 2125 As always, we will keep you all updated with regular updates throughout the week and how we manage the active ideas and setups. Please don't forget to like, comment and follow to support us, we really appreciate it! Mr Gold GoldViewFX
OANDA:XAUUSD
by Goldviewfx
12
GBPUSD: GBPUSD commentary todayThe USD stabilized after the DXY index ended the week at a record high in more than a month, approaching its 2024 peak. The dollar has strengthened recently, contrary to expectations that the greenback would weaken as the Fed moves closer to cutting interest rates. Now, expectations of interest rate cuts by other central banks are also helping to support the currency. Investors will be watching a flurry of inflation data around the world this week, including the Fed's key inflation measure on Friday, which is expected to continue to run hot in February. The core PCE index, which excludes food and energy prices, is forecast to rise 0.3% after its biggest monthly gain in a year.
Long
by Chart_MasterPro
Minutes of the Bank of Japan`s January assembly - the opportunit Minutes of the Bank of Japan's financial coverage assembly on January 22 and 23, 2024, complete textual content here: Members agreed that they have got now no longer but reached the level in which the inflation goal may be done sustainably Members proportion the view that the probabilities of attaining 2% inflation are increasing, so if we are able to affirm a tremendous cycle in wages and inflation, we are able to take into account finishing bad hobby charges and Unusual loosening steps Some individuals stated the hazard of inflation exceeding the 2% goal had emerge as smaller One member stated if a ruling on finishing bad hobby charges is delayed, it'd prevent efforts to attain the 2% goal and referred to as for a fast tightening. One member stated now's a once-in-a-lifetime possibility to extrade financial coverage One member stated the scope for financial coverage flexibility might be decrease for Japan as different nations pass to reduce hobby charges. Some individuals trust that they have to forestall shopping for ETFs and JREITs if they could attain the inflation goal Some individuals stated the BOJ isn't below stress to hurry up hobby fee will increase like in Western nations.
Short
by Chart_MasterPro
GOLD 1 ROUTE MAP & TRADING PLAN FOR THE WEEK AHEADHey Everyone, Please see our updated 1h chart levels and targets for the coming week. We are seeing price play between two structures, support at 2158 Goldturn and resistance at 2169 Goldturn. We are looking for a bullish test on 2169 and a break and lock above 2169 will open the range above. We also have a immediate bearish test at 2158 and a break and lock below 2158 will open the retracement range and a further break below the retracement range will see the swing range open. We will keep the above in mind when taking buys from dips. Our updated levels and weighted levels will allow us to track the movement down and then catch bounces up. We will continue to buy dips using our support levels taking 30 to 40 pips. As stated before each of our level structures give 20 to 40 pip bounces, which is enough for a nice entry and exit. If you back test the levels we share every week in the past 24 months, you can see how effectively they were used to trade with or against short/mid term swings and trends. BULLISH TARGETS 2169 EMA5 CROSS AND LOCK ABOVE 2169 WILL OPEN THE FOLLOWING BULLISH TARGETS 2175 2181 BEARISH TARGETS 2158 EMA5 CROSS AND LOCK BELOW 2158 WILL OPEN THE RETRACEMENT RANGE 2148 EMA5 CROSS AND LOCK BELOW 2148 WILL OPEN THE SWING RANGE SWING RANGE 2138 - 2125 As always, we will keep you all updated with regular updates throughout the week and how we manage the active ideas and setups. Please don't forget to like, comment and follow to support us, we really appreciate it! Mr Gold GoldViewFX
OANDA:XAUUSD
by Goldviewfx
24
GOLD 4 ROUTE MAP & TRADING PLAN FOR THE WEEK AHEADHey Everyone, Please see our updated 4h chart levels and targets for the coming week. We are seeing price play between two Goldturn levels, support at 2153 Goldturn and resistance at 2180 Goldturn. We are looking for either a bullish test on 2180 on this chart and a break and lock above 2180 will open the range above. However, we also have a immediate bearish test at 2153 and a break and lock below 2153 will open the retracement range and a further break below the retracement range will see the swing range open. We will keep the above in mind when taking buys from dips. Our updated levels and weighted levels will allow us to track the movement down and then catch bounces up. We will continue to buy dips using our support levels taking 30 to 40 pips. As stated before each of our level structures give 20 to 40 pip bounces, which is enough for a nice entry and exit. If you back test the levels we share every week in the past 24 months, you can see how effectively they were used to trade with or against short/mid term swings and trends. BULLISH TARGETS 2180 EMA5 CROSS AND LOCK ABOVE 2180 WILL OPEN THE FOLLOWING BULLISH TARGETS 2196 2223 BEARISH TARGETS 2153 EMA5 CROSS AND LOCK BELOW 2153 WILL OPEN THE RETRACEMENT RANGE 2125 EMA5 CROSS AND LOCK BELOW 2125 WILL OPEN THE SWING RANGE SWING RANGE 2101 - 2078 EMA5 CROSS AND LOCK BELOW 2078 WILL OPEN THE STRUCTURE SUPPORT STRUCTURE SUPPORT 2052 - 2042 As always, we will keep you all updated with regular updates throughout the week and how we manage the active ideas and setups. Please don't forget to like, comment and follow to support us, we really appreciate it! Mr Gold GoldViewFX
FXOPEN:XAUUSD
by Goldviewfx
6
GOLD DAILY CHART MID/LONG TERM PROJECTIONHey Everyone, Please see our daily chart idea that we have been tracking for a while now, which is playing out and respecting dynamics perfectly over the last few months. Last update we saw ema5 lock inside the channel and level to level all the way into the channel top completing the channel with a perfect finish respecting the channel top to perfection. We then highlighted that we are now likely to witness either a break above the channel or some resistance and some correctional retracement for a level to level bounce back up to continue to extend the channel range to 2205 and 2237 long term. - This is currently playing out perfectly, as we saw the rejection and play into the retracement area for the correction, inline with the channel half-line support, which we expect some support for a bounce and then continuation onto channel top. Failure to support above and a break and lock below the channel half line will see price look for support at the lower range of the channel bottom before we see the bounce back into the channel half line. We will use our smaller timeframe analysis and trading plans to navigate the range in true level to level fashion. Our long term bias is Bullish and therefore we will continue to use our smaller timeframes to buy dips using our algo generated levels and setups. Buying dips allows us to safely manage any swings rather then chasing the bull from the top Please don't forget to like, comment and follow to support us, we really appreciate it! MR GOLD XAUUSD TOP AUTHOR
OANDA:XAUUSD
by Goldviewfx
2
GOLD WEEKLY CHART MID/LONG TERM PROJECTION UPDATEHey Everyone, This is an update on our weekly chart idea that we have been tracking and trading successfully over the last few months and currently still being respected. So far we were able to track the entre move up and down twice with level to level tracking and our long term swing range zones have also provided the bounces each time. Last week we advised we were seeing the channel half line break with two weekly candle close above the half line with a long term gap open to 2199. However, we have a correctional retracement level at 2137 inline with the channel half line for a correction and potential support. We need to also keep in mind there is a ema5 detachment just below the half-line highlighted with a circle that may attach if any news drives momentum below the correction. - We got the target at 2199 perfectly followed with the retracement last week into the channel half line, as suggested, just short of 2137 and ema5 detachment. We are now looking for support above 2137 or a break and lock below to open the lower half of the channel. We need to keep the above in mind and continue with our plans to buy dips using our smaller timeframes, which will allow us to safely take the bounces from support. Buying dips allows us to safely manage any swings rather then chasing the bull from the top Please don't forget to like, comment and follow to support us, we really appreciate it! MR GOLD XAUUSD TOP AUTHOR
OANDA:XAUUSD
by Goldviewfx
11
GOLD ROUTE MAP & TRADING PLAN UPDATEHey Everyone, Another great finish to the week with all our multi timeframe chart ideas playing out perfectly hitting all our targets Yesterday we completed our bullish targets 2190 and 2206 after confirmation lock of EMA5 above 2171. We then highlighted that failure to now lock above 2206 will follow with the rejection into 2171 and a break below to then 2151. This has truly played out perfectly once again in true level to level fashion, allowing us to track and trade the movement up and own. BULLISH TARGETS 2171 - DONE EMA5 CROSS AND LOCK ABOVE 2171 WILL OPEN THE FOLLOWING BULLISH TARGETS 2190 - DONE 2206 - DONE Once again we will now come back Sunday with our multi time analysis, gold route map and trading plans for the coming week. Please don't forget to like, comment and follow to support us, we really appreciate it! Have a great weekend all!! Mr Gold GoldViewFX
FXOPEN:XAUUSD
by Goldviewfx
8
DXY (DOLLAR) IS TRYING TO RECOVER, (READ CAPTION)The dollar is trying to recover in today's trading from the US Federal Reserve's strike The US dollar achieved a modest rise during trading on Thursday, as the green currency attempted to recover from the losses incurred last session as a result of negative federal developments. In this regard, the dollar incurred strong daily losses at the end of yesterday’s session, estimated at about 0.43%, affected by the less stringent statements of US Federal Reserve Governor Jerome Powell, which he made yesterday evening, as Jerome Powell said that postponing the interest rate reduction step may harm the US economy, It is expected that the interest rate reduction cycle will begin in the second half of this year, while hinting that despite the strong conditions in the labour market and the outstanding performance of the US economy, this will not prevent the US Federal Reserve from taking interest rate reduction measures. This coincided with the pressures facing the dollar at that time immediately after the release of economic forecasts by the US Federal Reserve, which indicated the possibility of reducing US interest rates three times this year, which means that the US Federal Reserve did not take into account the rise in inflation rates during the past two months, and here it is worth noting. Pointing out that the markets now see a 65% chance that the US Federal Reserve will start cutting interest rates at the June meeting, according to the performance of tracking federal interest rates issued by the CME Group. If you like this informative data and technical analyse please support my ideas and follow thanks for kindness.
TVC:DXYLong
by Alexview009
EURUSD: The EUR continues to fall as the ECB can cut interest raThe euro is possibly to keep to conflict towards the greenback as weaker financial boom and quicker deflation withinside the European Union ought to pressure the European Central Bank to reduce hobby charges aggressively than the Federal Reserve. EUR/USD fell 0.52% to $1.0862. “We keep to count on EUR/USD to decline,” Morgan Stanley stated in a latest note, highlighting numerous elements in order to widen the differential among US and EU hobby charges, such as Deflation is quicker withinside the EU and financial boom is slower. Morgan Stanley forecasts that the slowdown in European inflation will "arise quicker and at a decrease preliminary charge than US inflation", paving the manner for the ECB to "sign a quicker tempo of cuts than presently expected." now". Expectations for an ECB hobby charge reduce as quickly as June had been boosted on Wednesday, following the Swiss National Bank`s marvel pass to decrease its benchmark hobby charge. Swaps are actually pricing in a ninety% risk the ECB will reduce hobby charges in June, up from round 80% on Wednesday, with four, or ninety foundation points, cuts now priced in. Meanwhile, the energy of US boom in comparison to the EU may also inspire the Fed now no longer to reduce hobby charges as little as in preceding cycles, Morgan Stanley stated. But different principal banks, such as the ECB, won't have that luxury, paving the manner for the USD "to hold a differential benefit over the EUR", MS added. Meanwhile, slower boom out of doors the United States and ongoing geopolitical dangers also are possibly to help a more potent greenback, "particularly because the US election approaches", Morgan stated. Stanley stated.
Short
by Chart_MasterPro