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Why Has the USD Been Falling?Dollar has lost value against many currencies since January. Why is that? The Dollar’s decline didn’t start with the recent ‘Liberation Day’ tariffs. In fact, it has been gradually weakening since the 1970s. U.S. Treasury Futures & Options Ticker: 6E Minimum fluctuation: 0.000050 per Euro increment = $6.25 Disclaimer: • What presented here is not a recommendation, please consult your licensed broker. • Our mission is to create lateral thinking skills for every investor and trader, knowing when to take a calculated risk with market uncertainty and a bolder risk when opportunity arises. CME Real-time Market Data help identify trading set-ups in real-time and express my market views. If you have futures in your trading portfolio, you can check out on CME Group data plans available that suit your trading needs www.tradingview.com Trading the Micro: www.cmegroup.com
CME:6S1!Short
by konhow
GBP - 1.24 Lower Next?!GBP - 1.24 Next?! CME:6B1! FX:GBPUSD GBPUSD - 1.24 Next! We've had a great run, I'd still be buying longer term dips on GBP - However, for now I feel a pull back is due and this is great opportunity for us traders to take opportunities of the bull and bear side! Overall pattern, wedge - We've broken to down side the first area of interest to me is 1.24/ 1.23 high areas and the next would be 1.22 areas! If we are to close above 1.25 i'd be re thinking this plan... Trade Journal (Not Financial Advice)
CME:6B1!
by Trade_Journal
3
GBP - Month & Quarter End...GBP - Month & Quarter End... What a quarter we've had...We do still have plenty of data coming out today. Buckle up! We just had EUR CPI flash coming out lower than expected but the core is in line but today we have another important data print coming out of US - Core PCE Price Index m/m. Which is a key metric the FED are taking into account. Now I don't know about you but end of the month and end of the quarter is week I take off and just watch the market as we do get lot of funky moves and I know a lot people struggle with FOMO I was one of them but you got know when to step away and stand on the side line! GBP we hitting the key resistance areas the next area to take into consideration is 1.24/1.25 areas. I've been bullish GBP since the start of the year and I am still very much bullish on GBP but you got trade what you see, not what you think. You can see through my 2023 post regarding where most of them majors could reach. Now where we are today technically, in a bullish trend as long as we are within this channel on cable, we go above the areas of 1.24500 then I expect 1.26 - key resistance is 1.25 keep that in mind... but if we struggle and we go below the areas of 1.2310 support then I expect 1.22 to be key support. Now, i'd be careful trading today....It's Friday a good trader well known as 'Coach' always stated "Don't make your PnL on Friday!" Let's have a great Q2 - all the best traders! Trade Journal
CME:6B1!
by Trade_Journal
GBPUSD - From Market Maker Zones (4th Week of November)Hello, Risky buys, conformation for buys will be DAY close above balance zone. After it will happen we will share best zones where to buy ( add ) more long in mid-term perspective. ------------------------------------------------------------------------------------- Always look for reactions on this levels before you execute the trade ------------------------------------------------------------------------------------- --------------------------------------- DISCLAIMER --------------------------------------------------- Any and all commentary, research, analyses, or other information published by me on this website are provided as general market commentary, and do not constitute investment advice nor a solicitation and there are no guarantees associated with them. I am not liable for any loss or damage, including without limitation, any loss of profit, which may arise directly or indirectly from use of or reliance on such information. ----------------------------------------------------------------------------------------------------------
by Logical_Knight
GBPUSD SHORT - From Market Maker Zones (3nd Week of November)Hello, Our previous trading idea hit all the targets! GU (also EU) now in potential reverse zone, in order to confirm that we need to close a DAY above Balance. But since we are still in BEARISH mood, we will try to take shorts :) ------------------------------------------------------------------------------------- Always look for reactions on this levels before you execute the trade -------------------------------------------------------------------------------------
Short
by Logical_Knight
GBPUSD SHORT - From Market Maker Zones (2nd Week of November)Hello, We are still in BEARISH Momentum UNTILL we set above Market Maker Balance Zone, So now we look ONLY for SHORTS from: 1- Market Maker Balance 2- Market Maker Manipulation ------------------------------------------------------------------------------------- Always look for reactions on this levels before you execute the trade -------------------------------------------------------------------------------------
Short
by Logical_Knight
1
Dollar, Gold and the Euro - where to next? I just read an idea posted in Tradingview that this is the time to buy the EURO. As well there is a lot of chatter about Gold being a gift at these levels. This big move started this week. I believe its too soon to take a position in either one of them. This is not to say there won't be backtests as investors rush in. Looking at these daily charts gives you the perspective to see what's really going on. So to be clear - the value of the US dollar (DXY) affects the EURO and GOLD - as the both are based on the relative strength of the DXY. This move isn't over - clearly the breakout is happening fast, it maybe over this upcoming week. However, that does not mean it return immediately to previous levels. Expect some accumulation and distribution. A higher US Dollar slows down: inflation, and debt ridden non-US companies with US Dollar denominated debt, who now have larger financial obligations. One thing that is VERY interesting is clear that all three, DXY, GOLD, and the EURO are balancing inside their respective triangles, for a much bigger move. If you have the answer to that - its worth a fortune. Why is this happening? The Federal Reserve has now signaled that there are at least two rate hikes forthcoming. While in Europe there is none of this talk, ergo higher rates - stronger currency. Last year there were numerous well respected pundits claiming the dollar was about to soar (such as Keith McCullough of Hedgeye and Raoul Pal of Real Vision fame) Pal wrote on Twitter April 25th, 2020: 'You see the biggest problem the world faces is the dollar. We are in a viscous doom loop where slowing growth causes the dollar to rise' I can't believe he hasn't deleted this tweet. When in fact the absolute opposite happened. So tune out the noise and watch the charts for the 'Real Vision' ;) Expect the US Dollar to push through the what is an obvious trend line and bend it not break it approaching the round psychological number of 93. This is also close to 1.61 Fib at the top of the channel. The yellow triangle is where you might consider taking a long position in either the metals or pairs that verses the US dollar. Levels are indentified where both GOLD and the EURO may fall to. As a side note, the US Equites have rallied in part because of weakness in the US Dollar, which rallied at every drop in the dollar - they may have some catch up to do as the dollar is rising faster than SPX or NDX is dropping although the Russell and DOW seemed to be paying attention.
TVC:DXY
by Maximilianned
3
The Moment of Truth - US Dollar The Fed has the markets back - as seen in the equities market. Euro/Pound are screaming higher, because the news is better there - with that said Fed has been adding liquidity to the system but so has the ECB -$1.52 trillion in stimulus. Bond Market is saying hey equities no so fast - and to be clear the US Bond market is bigger! Interesting inflection point - this is the moment of truth, for US Dollar, equities, bonds and gold too. Grab you popcorn and enjoy the show. TVC:DXY
TVC:DXY
by Maximilianned