olalol:
''More jobs added on NFP, but unemployment rate rose higher from 5.6% to 5.9%'', YOU MEAN NFP MAY BE POSITIVE AND UNEMPLOYMENT RATE NEGATIVE? IF SO, WILL DOLLAR BECOME STRONGER OR WEAKER AFTER THE RELEASE?

Fundamentals portrayed hawkish for DXY

Breaking the 92.40 minor resistance, a retest at this current level 92.70 then next probable target 93.**

Overall todays NFP was all greens

Neroiam:
Friday 6, August, 2021
Time 7:46pm GMT+1

GBPJPY ----> SELL

EP: 152.893
SL: 153.240

TP: 152.230�

# you can double your stakes �


Pic 1..

On the D1 chart, H&S pattern can be drawn.. tho no good confirmations from the RHS.

Pic 2..

GBPJPY, M15

On this chart is a simple break and retest markup ...this is why we are going short.

Agba,

Nice mark-up I've got same short bias for GBP pairs in general...

Fundamental Update for August 6th, 2021


Fundamentals Bag for August 6th, 2021

​

+ JPY

- BoJ announces no changes in policy on the July 16th monetary policy meeting. BoJ will continue its loose monetary policy in order to stimulate the economy. Overall, data is great, the economy is slowly picking up as a trend. Next important meeting is on September 21st. JPY inflation is now at -0.10%

​

+ GBP

- GDP data was below forecast and worst than previous month. CPI, PPI & RPI came out great. CPI is higher than previous and is now above 2%. Unemployment rate remains below forecast by 0.1% but remains the same as previous month at 4.8%. Nothing to get out from today's BoE meeting, everything remains the same, market was confused and no big movements were made.

​

+ AUD

- Wage growth needs to exceed 3% to see inflation at 2%-3% target range and maximum employment is needed in order to raise rates. Unemployment rate will need to be sustained in the lows 4%'s to be considered full employment. Current unemployment rate is 4.9%. RBA says goals and rate hikes won't be met before 2024. Australia is suffering from lcokdown, expect unemployment rate to raise in September and negative GDP for Q3. They forecasted GDP to contract in Q3 and a rebound in Q4. RBA will make not make changes to QE and Tapering. RBA is confident that once virus is contained, econom will bounce back quickly. Nothing much to get out of today's meeting, but Lowe is optimistic about the economy next year.

​

+ NZD

- Rates, funding for lending program remains unchanged, but the RBNZ will halt large scale asset purchases program.

RBNZ did not mention anything about rate hikes at the previous meeting. All big banks in New Zealand have lowered their bank hike forecast to August. Unemployment rate is now at 4.0% compare to previous at 4.7%. Next important meeting will be on August 18th.

​

+ USD

- More jobs added on NFP, but unemployment rate rose higher from 5.6% to 5.9%. We see inflation creeping up to 0.9% on the MoM which is want the FED wants, allowing inflation to run hot. No sign of tapering or rate hikes announcement as Powell continue to keep economy accomodative and let inflation run at a moderate pace. Substantial further progress is still ways off. Nothing to get out of FOMC, Powell remains dovish. Next meeting is on Jackson Hole, September, October and December. This week's labor market data will be important.

​

+ EUR

- PEPP purchases will continue to be 'significantly higher' in the quarter ahead. No further announcement reguarding to tapering yet or rate hikes. ECB sets inflation target at 2% after strategy review. Lagarde expects inflation to increase further in the coming months and decline again next year. PEPP and QE remains at current pace. They will also allow inflation to overshoot its 2% target. Overall, no changes in policy. Good CPI, GDP and labor market data. CPI YoY at 2.2%, Unemployment rate 7.7% and GDP QoQ revised at 7.7%, slightly below previous.

​

Use this information to your advantage.






#Copied

Friday 6th August, 2021

⚓ FUNDAMENTALS ⚓






⚓TRADER'S SENTIMENT ⚓






⚓ CURRENCY INDEX ⚓

Fundamental Analysis

Slow week in terms of market volatility, here's some fundamental update for you guys!

Fundamentals Bag for August 5th, 2021

+ JPY

- BoJ announces no changes in policy on the July 16th monetary policy meeting. BoJ will continue its loose monetary policy in order to stimulate the economy. Overall, data is great, the economy is slowly picking up as a trend. The next important meeting is on September 21st. JPY inflation is now at -0.10%

+ GBP

- GDP data was below forecast and worst than previous month. CPI, PPI & RPI came out great. CPI is higher than previous and is now above 2%. Unemployment rate remains below forecast by 0.1% but remains the same as previous month at 4.8%. Next important meeting is on August 5th.

+ AUD

- Wage growth needs to exceed 3% to see inflation at 2%-3% target range and maximum employment is needed in order to raise rates. Unemployment rate will need to be sustained in the lows 4%'s to be considered full employment. Current unemployment rate is 4.9%. RBA says goals and rate hikes won't be met before 2024. Most of Australia is in lockdown. Syndey lockdown to be extended by 4 weeks. They forecasted GDP to contract in Q3 and a rebound in Q4. RBA will make not make changes to QE and Tapering. RBA is confident that once virus is contained, econom will bounce back quickly. Next important meeting is on August 6th.

+ NZD

- Rates, funding for lending program remains unchanged, but the RBNZ will halt large scale asset purchases program.

RBNZ did not mention anything about rate hikes at the previous meeting. All big banks in New Zealand have lowered their bank hike forecast to August. Unemployment rate is now at 4.0% compare to previous at 4.7%. Next important meeting will be on August 18th.

+ USD

- More jobs added on NFP, but unemployment rate rose higher from 5.6% to 5.9%. We see inflation creeping up to 0.9% on the MoM which is want the FED wants, allowing inflation to run hot. No sign of tapering or rate hikes announcement as Powell continue to keep economy accomodative and let inflation run at a moderate pace. Substantial further progress is still ways off. Nothing to get out of FOMC, Powell remains dovish. Next meeting is on Jackson Hole, September, October and December. This week's labor market data will be important.

+ EUR

- PEPP purchases will continue to be 'significantly higher' in the quarter ahead. No further announcement reguarding to tapering yet or rate hikes. ECB sets inflation target at 2% after strategy review. Lagarde expects inflation to increase further in the coming months and decline again next year. PEPP and QE remains at current pace. They will also allow inflation to overshoot its 2% target. Overall, no changes in policy. Good CPI, GDP and labor market data. CPI YoY at 2.2%, Unemployment rate 7.7% and GDP QoQ revised at 7.7%, slightly below previous.



#Copied

Donvic4u:
Fundingtalent just disabled gold n indices trading..
Lol yesterday movement don cause problem for them

Thursday 5th August, 2021

⚓ FUNDAMENTALS ⚓






⚓TRADER'S SENTIMENT ⚓






⚓ CURRENCY INDEX ⚓

DISCLAIMER: Trading foreign exchange on margin carries a high level of reward as well as risk and may not be suitable for all investors.

Before deciding to trade foreign exchange, you should carefully consider your investment objectives, level of experience, and risk appetite.

The possibility exists that you could sustain a loss of some or all your initial investment and therefore you should not invest money that you cannot afford to lose.

You should be aware of all the risks associated with foreign exchange trading and seek advice from an independent financial advisor if you have any doubts. Past results as represented in testimonials are not necessarily indicative of future results or success.

Forex trading involves significant risk of loss and may not be suitable for all investors. Whatever you get on this document, practice and validate it first on a demo account before applying it on a live account.

⚓ FUNDAMENTALS ⚓






⚓TRADER'S SENTIMENT ⚓






⚓ CURRENCY INDEX ⚓

GabsonFX:
Someone should check those candles formed on H1 or H4 on gold, gold is just so crazy. This kind of market is an attempt to take people out of trades in both directions.

Crazy market! Anyways, I will leave my position running till next week if today's close is bearish....Happy weekend.

Very crazy I tell you...

I had to resort to hedging, taking the buys and sells 50 pips each...
I've gotten 300 pips this week trading this way...

Waiting for a breakout though...

⚓ FUNDAMENTALS ⚓






⚓TRADER'S SENTIMENT ⚓






⚓ CURRENCY INDEX ⚓

Kaesyrn:


• Another look at DXY and we still have a long way to go if the CUP & HANDLE pattern plays out...

On the 4HTF

• GBPUSD

• XAUUSD

⚓ DXY had a sharp rejection today at 93.167

Forthcoming news release see's the dollar hawkish and would reach the 94.** Resistance level...

Expecting a reversal from there..

⚓ XAUUSD dump to the 16**/17** price region once again ?

⚓ GBPUSD has broken former S1 1.3600 price region and retested it, should see 1.3500 in due time...

Kaesyrn:


Still a valid analysis I presume

For GBPUSD, we will Be Expecting A Reversal At This current Level & Below...

Kaesyrn:


My idea of GBPUSD is that we are not going back above 1.42 and this is the beginning of a drop towards 1.37 – 1.36 area if not lower towards 1.33, by 15-20 of June.

Price: 1.42 is a strong resistance and a double top as per the chart, so selling here is a must targeting the bottom of the range.

Time: the second part of June is always significant for change in trend, hence why I said a drop lasting until 15-20 June.

On the other hand I expect the USD to get stronger after some of the terrible data this month so far. Put two and two together and this is my idea for the drop.

And added confluence is divergence in H4 chart

Timing is the most difficult part of this game IMO.
My personal bias though. DYOR

Still a valid analysis I presume

Probable view for GBPUSD...

Price seems headed to 1.36** area...

Would be on the sidelines watching movement for now...

⚓ Soon as DXY cool off we should cover the range back to 1.39/40** price area...

GabsonFX:
So you are in tune with copyjoe to long, hmmmmmmm!!! ....... I will be doing my analysis 3hrs ish to day close - right now, I'm seeing a big short potential but can't tell until that time....right now is bedtime, see ya all.

My view is for the Long-term buy...

DXY is steadily steeping up so one should deduce Gold and bond yields Dovish trend...

GabsonFX:
Market just about to open.......I'm watching Gold closely.

The DXY chart has this solid bullish reversal, with major resistance in the 93.4 to 94.6 area...

Resistance in the 93.4 to 94.6 area will be proven to be too strong.

Good for gold long with target 1830 // 1850 // 1870 // 1900

TheYoda:
I like your style , you no get time to argue back and forth. I like it, action speaks louder. I for say make you send your account, make I dash you 10k to eat suya and beer this night.

Meanwhile, it will be nice to post both positive and negative trades, not just the positive ones from you.

But I like what you did with the explorer thingy. You no be like some incorrigible liars NetValueFX wey dey make imaginary 25-60% monthly hehe , to show proof now, he start to dance awilo

It's the right thing to call out but you guys on here make it seems everyone has an ulterior motive to posting here...

I admit I've been spamming here a bit with my posts upandan but to be sincere I just wanted to make here active with my views on the market and I expected to get bounce back views which didn't happen unfortunately...

Lol, I don already withdraw profits for the weekend use am take buy suya already...

Also It's very possible to make 25-69% in a month we've seen bosses do this over and over again so I don't see it as a big deal although it solely depends on risk and Money management applied rightly...

I'll be taking the link off now, thanks...

@Lillyagu90

Thanks for the favour, hope to pay back as soon as possible...

Kaesyrn:
• Restored an old alc using GBPUSD trade today

• Starting an FTMO 10K challenge

Trade explorer link would be attached to signature as soon as possible

Explorer Link attached to signature now...

I was banned in Friday so couldn't counter your claims about me...

YES ! I ended the week profitable overall, the only losses I had was my last trade call GBPUSD ( Long ) -20 pips, USDCAD ( Long ) with -15 pips loss and Gold trade at the beginning of the week which I called all of them here and displayed chart too
Cc.

@TheYoda

@Winnerrrr
I've been banned send me a mail

Kaesyrn:


And we're on another ride today...

Expecting price to make it to 1.3900 which it failed to yesterday...

Price is going to retest 1.3830/40 and I'm gonna be stacking from there if it even goes lower...

⚓ DXY going down the hill 〽

Wish me luck

I was soo impatient,Closed stacked trades at 20 pips TP

Heading for 1.3900, but I would close at 1.3890 if price doesn't reach 1.3900 before 12pm

Kaesyrn:


Taking the ride downhill back to S1 SUPPORT at 1.3800

Would enter a buy during the morning before GBP news comes in...

Expecting a positive forecast tomorrow when BoE speaks,

So GBP might be hawkish...

Meanwhile sjosephburns describes his own perspective to trade which I simultaneously follow too...

And we're on another ride today...

Expecting price to make it to 1.3900 which it failed to yesterday...

Price is going to retest 1.3830/40 and I'm gonna be stacking from there if it even goes lower...

⚓ DXY going down the hill 〽

Wish me luck

⚓ FUNDAMENTALS ⚓






⚓TRADER'S SENTIMENT ⚓






⚓ CURRENCY INDEX ⚓

Kaesyrn:


⚓ GBPUSD soaring

⚓ DXY - Bearish

Taking the ride downhill back to S1 SUPPORT at 1.3800

Would enter a buy during the morning before GBP news comes in...

Expecting a positive forecast tomorrow when BoE speaks,

So GBP might be hawkish...

Meanwhile sjosephburns describes his own perspective to trade which I simultaneously follow too...

Kaesyrn:


Limit triggered and running negative 6 pips...

To be honest this call isn't valid much for London session,

I've got a tight stop so I don't lose out much

USDCAD hit SL �15 Pips❌

Kaesyrn:

• Retest around 1.3840/30 area

• Breaks 1.3865

• Long til 1.39**

⚓ DXY - Bearish

⚓ GBPUSD soaring

⚓ DXY - Bearish

hegelian:


When you copy stuff from forexfactory GBPUSD cable thread learn to acknowledge where u get it from.. You have been doing that lately especially when it's copied verbatim...

Acknowledged...

Would reference properly and add #Copied to all posts

Kaesyrn:
Good morning OTF

Here we go again on a brand new day...

GBP news release took me up 50 pips this morning, nice way to start the day...

• Retest around 1.3840/30 area

• Breaks 1.3865

• Long til 1.39**

⚓ DXY - Bearish