Positive PPI data came in this morning for the Dollar Index, nudging it into the position we are looking for. Tomorrow’s USD fundamentals will be a key driver to the strategies that we have been discussing for the past few weeks in the live sessions.
The Dollar Index saw price attempting to move to the upside, just as we have been expecting. There is going to be a lot of movement tomorrow and we will be expecting higher prices on DXY. Our target remains ( members only ).
In EURUSD, we are waiting for the news on Wednesday to help move the Euro to our downside objective of the ( members only ) zone.
We remain bearish on GBPUSD and are still looking for our second target of ( members only ) to be hit this week.
We didn’t get the close on the daily as we expected for AUDUSD, so we are sitting on our hands for this pair at this time. Everything is waiting on the interest rate announcement on DXY.
We advised that RBNZ Gov Orr is speaking at 7pm GMT, and to expect some volatility to come into the NZD pairs. We recommend being careful if you have any trade on NZD pair during this speech.
In USOIL, our sell hit the target today at the ( members only ) zone, and we will look for a continuation to the next downside objective of the ( members only ) level.
For GOLD, we got a beautiful sell today. The fundamentals on GOLD are very accurate for the drop that happened today. We are still expecting price to reach the ( members only ) level.
Smart Money continues to remain bearish on BTCUSD and are waiting for a drop to $ ( members only ).
Make sure to bring popcorn tomorrow, because the markets are going to be full of action! We have coverage on GBP data as well as CAD CPI, USD Retail Sales, FOMC Statement & “The Big Kahuna”, The USD Fed Funds Rate, not to mention Kiwi GDP and Aussie Unemployment Rate data being pumped out all day long. The next few days are going to shape how we see the markets for some time to come.
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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