The Dollar is holding it reign, as over $2.5 billion in crypto liquidated ahead of executive testimony from eight major crypto currency firms on December 8th. This was a first of its kind before the US House Financial Services Committee. We remain bullish for the DXY as long as we don’t breach the 95.496 area. […]
Surprise NFP data reporting was less than expected for US Employment Change, most notably was that the jobless rate data came in less than forecast at 4.2 to help balance things out. Despite this, we are sticking with our price narrative that it should continue higher on the DXY. We will be looking for ( […]
All eyes are on DXY. Unemployment claims come in below expected, and a robust recovery is on track. We remain reserved on a higher DXY ahead of tomorrows NFP report. For this reason, much of our analysis for DXY, EURUSD, GBPUSD, AUDUSD, and NZDUSD remains the same as yesterday (we have been developing for this […]
ADP NFP came in above as expected, and we should see similar (if not a larger) deviation from forecast on Fridays NFP, which correlates to a move that Smart Money is watching on a bullish DXY. We have been using these pullbacks to find better entries and increase positions. We currently have pending orders for […]
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 […]
Dollar safe haven is activated. We remain bullish as DXY price only retraced back to the 95.800 zone as was expected, we aim for continuation to 97.813. EURUSD is rejecting from Nov 20th bearish order block, so we expect price to keep sliding down at least to the 1.11874 low. We can look for potential […]
WTIUSD fulfilled the weeks trade idea, and closed all three take profits. For those of you who were able to get in, congratulations on a 449 pip move. EURAUD also saw a major move this morning and we were able to close off the last take profit, if you had a trailing stop loss set […]
The Bank of England lets us know that the supply chain problem squeeze on inflation “should be temporary”, but will have to act if inflation reaches wages. Alongside a prediction for a strong Q4 from the Fed, Wells Fargo is calling for a +600k for NFP next Friday, December 3rd, 2021. This supports a continuation […]
All around neutrality from fundamental events this morning, the biggest winner of course is the unemployment claims. Those are coming in under the forecast at a 5 decade low, alongside a stable GDP run for the quarter. We can see that DXY is still pumping strong. The DXY bull run is not over, and the […]
The Services and Manufacturing Industry Flash reports are out above expected across the board in the Eurozone and just a hair shy than forecast for the US Dollar. The Bank of England forecasts a peak of 5% inflation for the GBP by the second quarter of 2022. We are still bullish for the DXY and […]