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Usddollar

USD possible strength, CAD weaknessTechnical: Bottoming pattern. Volatility is increasing (ATR). Nice triangle too (check the chart down below), it's not in a trend but it has to break at some point right? This may happen soon (in the coming weeks). Oil is falling, in a C leg now (or could end up being a double bottom). And the USD index is about to break 100 for the first time in 2 years. The BOC and the FED are both going to raise rates in the coming months. My posts are probably going to be shorter now. Can't spend 10 hours a day writting a history book about the history of derivatives anymore. Also I am worried I won't see the time fly by, and I'll lose my focus. Got to learn to code (I already know how to but I can always learn more), it's a waste not to get a ROI out of my abilities. Trading is pretty repetitive at some point, I don't need to do much honestly.
Long
by MrRenev
USDJPY | Road to 125.00¥COVID crash signaled the beginning of a global economic reset. Trillions of stimulus all across the planet. Balance sheets got fatter than ever. This resulted in a financial overheat in all markets, as the excessive amount of $$$ that got injected got out of hand, raising inflation to unhealthy levels in the US. Crypto totally rocketed, precious metals rose and risk on markets also saw incredible gains. All this turned out to give birth to a meme market mania. Wall St. Bets, NFT mania and Silver squeeze gave markets a new form that the oldschool investors failed to adapt to. This was the first time that Bulls and Bears turned out to be members of a cult and not just simple market participants. It's August 2021 and FED announced that they'd start tapering. Only a few weeks later, rumors came out that markets will probably like the tapering phase and stocks will move higher than ever. Experienced market players still deny the possibility that we're in a bubble, and this is what fuels the newbie meme market players with excitement. However (!), the Dollar reacts as it is expected. Seems like the news don't trap USD bulls into flipping their bias, and the greenback will have a very favorable Q4. Just when crypto markets started building their gains back after May's crash, the king Dollar comes to block the bullish flows from driving prices higher. Inflation might not be as permanent as many want to believe. FED might be right this time. The majority will be caught in a trap again... USDJPY broke out of its bearish trend in April and is now ready to start a rally that will pop eyes out of their sockets. Gates to 125.00 are way more open than most think. Everything will happen very quickly. Just one breakout, and, that's it. Everything will start changing back to 'normal'. DXY will follow, USDCAD will also go 'Jetpack' mode. Inflation will get back to the healthy numbers in the next few months. Thanks for reading! Feel free to express your opinion, always in a proper, kind way.
Long
by GeorgeZii
Non-farm Payrolls - Data Expected to Be Stunning!Following last week's Fed meeting, it was clear that the central bank was only putting off hawkish rhetoric, but was not ruling it out in the near future. Consequently, the basis for expectations is there, we just need data that would indicate that the economy continues to grow. The hope is the U.S. unemployment report coming out this Friday. It is expected that job growth, the most important indicator in terms of the Fed's post-pandemic policy impact could show a figure close to a million. If the economy creates more jobs than forecast, the odds increase sharply that the Fed will warn in August about a policy adjustment - a reduction in the pace of asset purchases (treasuries and mortgage-backed securities), probably this year. In that case, long-dated bonds would become slightly less profitable, given the approval of the infrastructure plan, which would require new borrowing, investors could start exiting treasuries en masse. Non-Farm Payrolls Employment Last data: 850K Consensus Forecast: 880K The Non-Farm employment change measures the change in the number of people employed during the last month in the non-farm sector. Total Non-Farm Payrolls represent about 80% of the workers who produce all of the Gross Domestic Product of the United States. It is the most important piece of data contained in the employment report that offers the best overview of the economy. Monthly changes and adjustments in the data can be very volatile. U.S. Average Hourly Earnings YoY Last data: 0.3% Consensus forecast: 0.3% Unemployment Rate Past data: 5.9% Consensus forecast: 5.7% The unemployment rate measures the percentage of the total labor force that is unemployed but actively looking for a job and willing to work in the United States. A high percentage indicates weakness in the labor market. A low percentage is positive for the U.S. labor market and should be taken as a positive factor for the USD.
Short
by FOREXN1
8
My short and medium term USD Index analysis Hello Everyone, right now its very hard o analyze the USD index due to the current circumstances at the market but i do believe that we should see for short term move higher to the are i identified in the chart which is going to have 3 confluences for me to move later lower. the 3 confluences are: 1. 3rd touch for the trend line (of the long / medium downtrend) 2. retest of the broken trendline (of the short term uptrend) 3. retest of the area from FIB (area between 61.8% & 78.6%) this is my own analysis and i do base my trades on them. you do trade based on your own analysis, ideas and risk apatite.
TVC:DXY
by eltaajir
DXY could MOVE UP!Hey tradomaniacs, DXY (US-DOLLAR-INDEX) continues its breakout of the primary trendchannel and is now facing a very strong demand-zone❗️ According to my wave-count we should see another wave up which will initiate either the continuation of the globale uptrend or a just a correction of the current impulse. Either a wave X, which would be a correction of the W-X-Y-Pattern or an A-B-C-pattern, which would correct the current impulse are both possible scenarios right now. In both cases the US-DOLLAR would rise at least back to the previous support-zone. The stockmarket is completly overheated and not reacting to any positive news and hopes anymore, such as stimulus and vaccine. This is showing that bulls are suffering under a lack of power, thus an exthaustion would be the consequence and so a rising (retracing) US-DOLLAR. Previous news about a 12-Month-exetenstion of the ECB`s Bond-Buying could put EURO under pressure aswell. Let`s see what happens with the upcoming Non-Farm-Payrolls.👌
TVC:DXYLong
by Trading2ez
4