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EUR/USD finds support near the 1.0780 area and stalls its recent pullback from a multi-month top. The upside potential seems limited amid a turnaround in the sentiment surrounding the greenback. The stellar US NFP report should allow Fed to keep hiking interest rates and favours the USD bulls. The EUR/USD pair witnessed heavy selling for the second straight day on Friday and retreated further from its highest level since April 2022 touched the previous day. The US Dollar rallied across the board in reaction to the stellar US monthly employment details and turned out to be a key factor exerting downward pressure on the major. The headline NFP print showed that the economy added 517K jobs in January, surpassing even the most optimistic estimates. The previous month's reading was also...
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2023-02-06
EUR/USD finds support near the 1.0780 area and stalls its recent pullback from a multi-month top. The upside potential seems limited amid a turnaround in the sentiment surrounding the greenback. The stellar US NFP report should allow Fed to keep hiking interest rates and favours the USD bulls. The EUR/USD pair witnessed heavy selling for the second straight day on Friday and retreated further from its highest level since April 2022 touched the previous day. The US Dollar rallied across the board in reaction to the stellar US monthly employment details and turned out to be a key factor exerting...
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2023-02EUR/USD Forecast: Ascending channel support holds the key for bulls amid post-NFP USD recovery
EUR/USD finds support near the 1.0780 area and stalls its recent pullback from a multi-month top. The upside potential seems limited amid a turnaround in the sentiment surrounding the greenback. The stellar US NFP report should allow Fed to keep hiking interest rates and favours the USD bulls. The EUR/USD pair witnessed heavy selling for the second straight day on Friday and retreated further from its highest level since April 2022 touched the previous day. The US Dollar rallied across...
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2023-02Silver trade idea: How to play the short term trend accelerating lower
Introduction VolatilityMarkets suggests top quant trade ideas to take advantage of trending markets. Market summary XAGUSD last price was $ 22.7325. In the short term Silver has been accelerating lower. In the long term Silver has been accelerating lower. Over the past 20 days, the XAGUSD price increased 12 days and decreased 8 days. For every up day, there were 0.67 down days. The average return on days where the price increased is 0.5734% The average return on days where...
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2023-02Jobs Friday [Video]
US Dollar: Mar '23 USD is Down at 101.435. Energies: Mar '23 Crude is Down at 75.84. Financials: The Mar '23 30 Year T-Bond is Up 3 ticks and trading at 131.28. Indices: The Mar '23 S&P 500 Emini ES contract is 108 ticks Lower and trading at 4164.25. Gold: The Apr'23 Gold contract is trading Down at 1930.00. Gold is 8 ticks Lower than its close. Initial conclusion This is not a correlated market. The dollar is Down, and...
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2023-02Trading opportunities: Forex, commodities, indices and crypto [Video]
In this Trading Opportunities Webinar, Neerav Yadav (Author of "Think with the Markets") has discussed charts of Forex, Commodities, Indices. All discussions are based on Advanced Elliott Wave, with detailed Wave counts as well standard Supply and Demand analysis. 34 trades discussed during last 33 webinars played out precisely.
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2023-02Fed gives ‘green light’ to the commodities supercycle [Video]
It is said that those who do not learn from history are bound to repeat it. Unfortunately, it would seem that this adage is all too applicable to today's Federal Reserve. Historically, the Federal Reserve has never been right on monetary policy and has a proven track record of getting it 'wrong' on inflation, time and time again! Throughout the whole of 2021, the Federal Reserve played down the biggest year-on-year rise in inflation seen in more than four decades – characterizing the record...
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2023-02DollarIndex Outlook: Dollar appreciates upbeat US data
The dollar index jumps to three-week high on Friday, following hot US labor report (Jan 517K vs 185K f/c) and upbeat non-manufacturing PMI (Jan 55.2 vs 50.4 f/c and Dec 49.2) that greatly improved dollar's sentiment. The greenback extends strong bullish acceleration into second consecutive day, generating bullish signal on break through trendline resistance at 101.98 (bear trendline drawn off 113.02 multi-year high). The action is supported by improving daily studies as 14-d momentum broke into positive territory and 10/20DMA...
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Introduction VolatilityMarkets suggests top quant trade ideas to take advantage of trending markets. Market summary XAGUSD last price was $ 22.7325. In the short term Silver has been accelerating lower. In the long term Silver has been accelerating lower. Over the past 20 days, the XAGUSD price increased 12 days and decreased 8 days. For every up day, there were 0.67 down days. The average return on days where the price increased is 0.5734% The average return on days where the price decreased is -1.6533% Over the past 20 Days, the price has decreased by -6.33% percent. Over the past 20 days, the average return per day has been -0.3165% percent. With the short term trend being the stronger of the two, we propose a short trade idea with an...
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US Dollar: Mar '23 USD is Down at 101.435. Energies: Mar '23 Crude is Down at 75.84. Financials: The Mar '23 30 Year T-Bond is Up 3 ticks and trading at 131.28. Indices: The Mar '23 S&P 500 Emini ES contract is 108 ticks Lower and trading at 4164.25. Gold: The Apr'23 Gold contract is trading Down at 1930.00. Gold is 8 ticks Lower than its close. Initial conclusion This is not a correlated market. The dollar is Down, and Crude is Down which is not normal, and the 30 Year T-Bond is trading Higher. The Financials should always correlate with the US dollar such that if the dollar is lower, then the bonds should follow and vice-versa. The S&P is Lower, and Crude is trading Lower which is not...
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In this Trading Opportunities Webinar, Neerav Yadav (Author of "Think with the Markets") has discussed charts of Forex, Commodities, Indices. All discussions are based on Advanced Elliott Wave, with detailed Wave counts as well standard Supply and Demand analysis. 34 trades discussed during last 33 webinars played out precisely.
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It is said that those who do not learn from history are bound to repeat it. Unfortunately, it would seem that this adage is all too applicable to today's Federal Reserve. Historically, the Federal Reserve has never been right on monetary policy and has a proven track record of getting it 'wrong' on inflation, time and time again! Throughout the whole of 2021, the Federal Reserve played down the biggest year-on-year rise in inflation seen in more than four decades – characterizing the record spike as "transitory". And that wasn't the first time. Before that, it was the 1970s and early 1980s, when the Fed slowed down the pace of rate hikes too fast – only to see inflation surge once again. Had the Fed learned from the painful inflationary experience of the past,...
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The dollar index jumps to three-week high on Friday, following hot US labor report (Jan 517K vs 185K f/c) and upbeat non-manufacturing PMI (Jan 55.2 vs 50.4 f/c and Dec 49.2) that greatly improved dollar's sentiment. The greenback extends strong bullish acceleration into second consecutive day, generating bullish signal on break through trendline resistance at 101.98 (bear trendline drawn off 113.02 multi-year high). The action is supported by improving daily studies as 14-d momentum broke into positive territory and 10/20DMA turned to bullish configuration, along with initial signs of formation of reversal pattern on weekly chart, though with more action required for verification. In addition, formation of a bear-trap pattern on monthly chart (below 50% retracement of 89.15/114.72 rally) contributes to positive signals. Bulls eye initial target at 103.04 (daily...