Omicron is a risk and not currently considered in current forecasts, as it could pose a threat to current job growth. Regarding inflation, Powell says, “overall inflation is running well above our 2 percent longer-run goal” and that the Fed is looking to use the tools available at their disposal to help curb inflation for the public sector first.
We closed our overnight ETH sell from Supply & Demand this morning, achieving a healthy target of +147 pips.
Dollar achieves our minor targets, and our strategies are currently in play for majors.
In today’s live session, Smart Money covered how to run and apply the Commitment of Traders report data in conjunction with technical analysis for the DXY and the majors. Our commitment to weekly monitoring is what helps guide our currency strength, as well as to weigh which pairs we will be focusing on for the week.
For DXY, we are looking for a continuation to the ( members only ) level.
As EURUSD, should continue to the downside to our weekly ( members only ) level
For GBPUSD, we hit our target 1.3200 level, next level is ( members only )
AUDUSD will remain sideways for now, so we will be monitoring price going forward. It has the potential to drop, but we are choosing to wait on the sidelines while we monitor.
NZDUSD will also remain sideways for now so we will be monitoring price going forward. It also has the potential to drop, but for now we will also wait on the sidelines.
EURGBP did hit our 0.85250 level and we looking for continuation to ( members only ) level.
USOIL is weak, and December is typically a bearish month, so expect more continuation to the downside.
We are expecting gold to go for the equal ( members only ) on the daily level ( members only ).
Smart Money BTC is showing some bearishness, and we are expecting ( members only ) as our next ( members only ) objective.
And there’s a ton more of currency, crypto, commodities and other indices left to go over, paid members get to follow along with the trader daily inside our trading portal.
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