₦airaland Forum

Abeg anybody know whether Goatfunded still dey pay?

Give us this day our daily Pips.

It is CPI at 1:30pm Nigerian time.

Petah:
Give us this day our daily Pips.

It is CPI at 1:30pm Nigerian time.

U might be dissapointed
Like NFP on last friday

Please doesn’t anyone has a telegram link where I can read trading books for free?? One of the books on my to read list is the zen trader, I’ve searched google to download a free copy but couldn’t get the full version..pls bosses I need help on this..

blackman007:
Please doesn’t anyone has a telegram link where I can read trading books for free?? One of the books on my to read list is the zen trader, I’ve searched google to download a free copy but couldn’t get the full version..pls bosses I need help on this..

Sent something earlier, antispam bot go lock me for guardroom...

Just go to NLFTA/D TELEGRAM, go to files, materials plenty for there, you might be lucky to see something of interest

The link is in the first page of this season

The joy of seeing profits can never be outgrown.

Powerbandooo:
U might be dissapointed
Like NFP on last friday

Best to TP before CPI and avoid stress like Trump speech.

Anybody don receive Goatfunded payout recently? I wan buy día account.

Abeg urgent.

Fxwarrior:
The joy of seeing profits can never be outgrown.

Honestly that’s all that matters boss

zedegit:
Anybody don receive Goatfunded payout recently? I wan buy día account.

Abeg urgent.

Check Twitter and trust pilot for reviews... Have not used them before

zedegit:
Abeg anybody know whether Goatfunded still dey pay?

They do pay, yes.

Making an attempt in the simulating or live entertainment is a good start.

• Open a cent account
• Competition account if you are an aggressive trader
• $5 - $15 Prop firm account, if cent accounts isn't your thing, there are cheap and promotional codes for pro firm accounts.
• Win giveaways or games (FREE)


Bad as it bad, just go for trial prop firm accounts (free)

Powerbandooo:
U might be dissapointed
Like NFP on last friday

most likely

blackman007:
Please doesn’t anyone has a telegram link where I can read trading books for free?? One of the books on my to read list is the zen trader, I’ve searched google to download a free copy but couldn’t get the full version..pls bosses I need help on this..

search for trading empire on telegram. The one with black pic as DP you will get it there

Lanshile:
Eurnzd sell
Entry: 1.88876
SL: 50 pips

SL hit

pipfisher:
I swear, I tell people all those nonsense jargon are created by influencers. No real forex trader cares about all that jargon. Support and resistance is still the ultimate.

Every forex trader with their own system. You didn't become profitable with ICT doesn't mean other are not making profits with it.
If Support & Resistance works better for you, then stuck with it and leave ICT for those it favours.

I'm an SMC trader not ICT or Support/Resistance and that's what works for me but I wouldn't call it best over others.

Reverseng:
If I know that in the month of December, the sale of rice will be high because of Christmas celebration, then I can code a 'price and time' algorithm to mimick bullishness for the sale of rice around the month of December

The algorithm will keep delivering bullishness around December period if the market structure is bullish

The price= bullishness
The time= December

It's in your charts. It has always been
From deriv synthetic to crypto to forex.

The x-axis of your chart= time
The y-axis if your chart= Price

I wish I could tell you as it is in my head.
But buying and selling pressure was a created illusion by those who created the algorithm.

You think 1 million Russians selling US dollar will affect the price of dollars in the market!?

You think America, the current world superpower will be that silly to make themselves vulnerable to such financial attack!

That right there. Your light bulb moment hopefully

Try go through my topics related to finance. Dig deep...it's littered inside unrelated topics too. And you could further watch ict 12 months core mentorship on YouTube

Good luck

Thank you. You make maximum sense. I'll dig more, as encouraged

Reverseng:
Xau/usd could buy

It's at a bullish fair value gap + propulsion block

Besides the relative equal highs at 3436.6 seems suspect

Look out for the economic calendar to know when injected volatility will be in the market. That gives time of day when volatility will be injected...also how the weekly range will expand

Use in conjunction with smt divergence with pairs correlated to xau/usd (I don not know correlated pairs with xau. You'll have to make your research). Dollar index could be of help.

This idea becomes invalid if the 50% of the propulsion block is claimed with a daily bearish candle close

The sky is the starting point.

Good luck

Values, here. 🙏

Lets see what happens here...
Tp open for now

Back 2 back

IntlBigCeo:
Every forex trader with their own system. You didn't become profitable with ICT doesn't mean other are not making profits with it.
If Support & Resistance works better for you, then stuck with it and leave ICT for those it favours.

I'm an SMC trader not ICT or Support/Resistance and that's what works for me but I wouldn't call it best over others.

The point is that all those jargons is still support and resistance. E no pass am

pipfisher:
The point is that all those jargons is still support and resistance. E no pass am

Now you are just saying what you have no idea about.

Those jargons u call does not include Support & Resistance in any way so stop trying to guess what you don't know and deal with what you know.

Leave ICT jargons to ICT traders and focus on your own.

IntlBigCeo:
Now you are just saying what you have no idea about.

Those jargons u call does not include Support & Resistance in any way so stop trying to guess what you don't know and deal with what you know.

Leave ICT jargons to ICT traders and focus on your own.

😂😂😂😂... I hear you. Every trade revolves around Support and resistance. You can baptise it with any name who want to make it sound out of the world and sophisticated. Everything you have to trade in any given day revolves around Pivot point and it's resistance and support levels.

Edd1e:
Gold can be real tricky to trade.. Expecting a full blown BULL since 3 days now, but... but...

Hopefully, CPI won't blow things out of proportion. However, still Pip Printing

Last Update on GOLD b4 the next Analysis..

Have a system, Trust in your system and you will surely come out ahead. There will be losses and there will be winnings as with every trading strategy, do not despair in time of losses and don't become complacent when winning.

Happy Pipping.

The perfect trade is not always the trade that hits target but the trade you executed based on your entry rule.

You'll be profitable on the long term if your trades are automated.

How many times have you closed your trades only for it to shake waist at your SL and go to greet your TP.
Psychology is underrated.

Factor a good RR into your trading process and results will speak over time.
Shalom!

Fxwarrior:
The perfect trade is not always the trade that hits target but the trade you executed based on your entry rule.

You'll be profitable on the long term if your trades are automated.

How many times have you closed your trades only for it to shake waist at your SL and go to greet your TP.
Psychology is underrated.

Factor a good RR into your trading process and results will speak over time.
Shalom!

Edd1e:
Last Update on GOLD b4 the next Analysis..

Have a system, Trust in your system and you will surely come out ahead. There will be losses and there will be winnings as with every trading strategy, do not despair in time of losses and don't become complacent when winning.

Happy Pipping.

I respect your thoughts.
Systems followed and trusted brings the results.

As a Senior Analyst, Trader, and Head Strategist at JP Morgan Chase, here's my detailed market recap and strategic outlook for DXY, EUR, and Gold, tailored for a retail trader.

## JP Morgan Chase Market Briefing: June 11, 2025

### 1. Detailed Market Recap: Today's Performance

**Overall Theme: US Dollar Weakness on Inflation Data, Supporting EUR & Gold**

Today's market action was primarily dictated by the release of US inflation data, which came in softer than anticipated, leading to a broad-based weakening of the US Dollar (DXY) and providing a tailwind for EUR/USD and Gold.

**A. DXY (US Dollar Index)**

* **Performance:** The DXY experienced a significant decline today, shedding approximately **-0.44%** to trade around **98.659**. It extended its retreat below the psychological 100-mark, a level it has struggled to reclaim since the beginning of 2025.
* **Key Price Drivers:**
* **Softer US Inflation Data:** The primary catalyst for DXY's weakness was the **US May Consumer Price Index (CPI)** report. Headline CPI YoY rose to 2.4% from 2.3% (forecast was 2.5%), while Core CPI remained unchanged at 2.8% (analysts expected 2.9%). This miss on inflation expectations fueled bets of earlier and potentially more aggressive Fed rate cuts, diminishing the attractiveness of the higher-yielding dollar.
* **Falling Treasury Yields:** In conjunction with the inflation data, US Treasury yields moved lower across the curve, particularly the 2-year yield pulling back towards 3.95% and the 10-year near 4.45%. Lower yields reduce the appeal of holding the US Dollar.
* **De-escalating US-China Trade Tensions (Mixed Impact):** While the market is still processing the implications, recent progress in US-China trade talks (agreements on a framework for trade cooperation) generally supports risk-on sentiment, which can weigh on the safe-haven dollar. However, the market's enthusiasm remains tempered by skepticism given past volatility.
* **Technical Levels:**
* **Resistance:** Immediate resistance is seen around **99.40** and the critical **100.00** psychological level. A break above 100.60 would be required to signal a potential reversal of the current downtrend.
* **Support:** Strong support is now established in the **98.00-98.20** range, with today's action pushing it towards the 98.50 level. A sustained break below 98.50 could open the door towards 97.92.

**B. EUR/USD**

* **Performance:** The Euro capitalized on the Dollar's weakness, climbing notably by approximately **+0.53%** to trade around **1.1485**. It attempted to settle above the key 1.1500 level.
* **Key Price Drivers:**
* **US Dollar Weakness:** As discussed, the softer US CPI data and subsequent decline in Treasury yields were the primary drivers for EUR/USD's upward momentum.
* **Relative Yield Advantage (Narrowing):** While the Euro Area interest rate (2.15% in June 2025) remains significantly lower than the US Fed Funds Rate (4.50% in May 2025), the market's anticipation of Fed rate cuts narrowing this differential has made the Euro relatively more attractive.
* **Underlying Euro Strength (Limited):** While US Dollar weakness was the dominant factor, the Euro's own fundamentals were relatively stable, with Euro Area inflation at 1.90% (May 2025) and unemployment at 6.20% (April 2025).
* **Technical Levels:**
* **Resistance:** The pair is currently testing resistance around **1.1500**. A successful break and sustain above this level could target **1.1555-1.1570**, and potentially open the door towards new 2025 highs in the 1.20-1.24 zone.
* **Support:** Immediate support is seen around **1.1400**, with stronger support at **1.1380** and the yearly low around **1.1070**. A break below 1.1070 would invalidate the current bullish structure.

**C. Gold (XAU/USD)**

* **Performance:** Gold continued its bullish trajectory, gaining approximately **+0.74%** today to trade around **$3352.64 per ounce**. It sustained its rebound and traded back above the $3,300 zone.
* **Key Price Drivers:**
* **Weaker US Dollar:** The inverse correlation between Gold and the DXY played out strongly today. A weaker dollar makes dollar-denominated gold cheaper for holders of other currencies, increasing its appeal.
* **Lower US Treasury Yields:** As a non-yielding asset, gold benefits when the opportunity cost of holding it (i.e., the return on safe government bonds) declines. The pullback in US Treasury yields boosted gold's attractiveness.
* **Inflation Hedge Appeal (Continued):** While today's CPI was softer than expected, the underlying inflationary pressures and the potential for a more dovish Fed still maintain gold's appeal as an inflation hedge.
* **Central Bank Demand:** Central banks globally continue to accumulate gold at a record pace, with purchases exceeding 1,000 tonnes in 2024. This consistent institutional demand provides a strong underlying floor for gold prices.
* **Geopolitical Tensions:** Ongoing geopolitical uncertainties globally (e.g., Iran's nuclear program, broader trade tensions) continue to underpin gold's safe-haven appeal, even as US-China trade talks show some progress.
* **Technical Levels:**
* **Resistance:** Gold is currently approaching the key resistance level of **$3,350**. A breakout above this level could extend gains towards **$3,430**, **$3,500**, and potentially **$3,700**.
* **Support:** Immediate support is at **$3310.00**, followed by **$3,300** and **$3,280**. The 50-day SMA is around $3274.00, which acts as a strong support cluster.

### 2. Concise Report on Current Market-Moving Events (Institutional-Grade Analysis)

As a retail trader focused on DXY, EUR, and Gold, you need to be acutely aware of the following:

**A. Market Sentiment and Capital Flows (Risk-On/Off Dynamics):**

* **Current Sentiment:** The market is leaning towards a **"risk-on"** environment, primarily driven by the softer US inflation data which bolsters the narrative of potential Fed rate cuts. This has led to a weakening dollar and a general appetite for riskier assets, including equities, while boosting non-yielding assets like Gold due to declining real yields.
* **Capital Flows:**
* **USD Outflows:** We are observing capital flowing out of the US Dollar, driven by diminishing yield differentials and increasing conviction about Fed easing.
* **EUR Inflows (Relative):** The Euro is benefiting from this shift, experiencing relative inflows as the prospect of a less aggressive Fed makes European assets more attractive.
* **Gold Inflows:** Gold continues to attract significant inflows from both retail and institutional investors (including central banks) seeking a hedge against inflation and geopolitical uncertainty, as well as benefiting from falling real yields. Global gold ETF flows flipped negative in May after a five-month inflow streak, mainly due to profit-taking and improved risk appetite in North America and Asia, but Europe saw mild inflows, indicating nuanced regional sentiment. However, overall year-to-date ETF flows for gold remain positive.

**B. Macroeconomic Catalysts:**

* **Inflation Trajectory (US and Eurozone):**
* **US CPI (Today's Key Driver):** The slightly softer-than-expected US CPI today has significantly shifted Fed rate cut expectations forward. Future inflation prints (PCE, PPI) will be critical. If inflation continues to cool, it will cement the dovish Fed narrative and likely keep the DXY under pressure, supporting EUR/USD and Gold. Conversely, any upside surprise in future inflation data could swiftly reverse these trends.
* **Euro Area Inflation:** While not as immediately impactful as US data, the Euro Area inflation rate and its trajectory will influence the ECB's monetary policy stance. Any signs of persistent inflation in the Eurozone could strengthen the Euro.
* **Labor Market Data (US):** While not a direct driver today, upcoming US Non-Farm Payrolls and unemployment figures will remain crucial. A softening labor market would reinforce the need for Fed rate cuts, further weakening the dollar. Strong labor data, conversely, could lead to a hawkish repricing.

**C. Geopolitical Developments:**

* **US-China Trade Relations:** While recent talks show progress towards de-escalation of trade tensions, market skepticism remains high given past volatility. Any significant breakthroughs or, conversely, renewed escalations, will have a direct impact on risk sentiment and the US Dollar, consequently influencing Gold. Reduced fear can lead to lower safe-haven demand for gold.
* **Broader Geopolitical Risks:** Ongoing global conflicts and political uncertainties (e.g., Iran's nuclear program) continue to serve as a persistent underlying support for Gold's safe-haven status. Any sudden flare-ups would likely see capital flow into Gold, potentially at the expense of the US Dollar.

**D. Central Bank Signals:**

* **Federal Reserve (Fed):**
* **Rate Cut Expectations:** Today's inflation data has intensified expectations for a September rate cut from the Fed. The market will be scrutinizing every Fed official's speech for clues on the timing and pace of future rate adjustments. Any hawkish rhetoric, even subtle, could lead to a swift DXY rebound.
* **Fiscal Concerns:** Federal Reserve Governor Christopher Waller's recent remarks highlighting unsustainable US fiscal trends (deficits, soaring debt service costs) are a long-term bearish factor for the dollar, potentially pushing bond yields higher (though today's data saw them fall) and reinforcing the appeal of alternative reserve assets like gold.
* **European Central Bank (ECB):**
* The ECB has already started its easing cycle. Any further signals on the pace of their rate cuts, or divergence from the Fed's path, will be key for EUR/USD. If the Fed cuts more aggressively than the ECB, it would likely support EUR/USD further.
* **Global Central Bank Gold Accumulation:** The consistent and record-breaking gold purchases by central banks globally, particularly from countries like China diversifying away from the US Dollar, are a significant long-term bullish factor for gold. This institutional demand provides a substantial floor for gold prices, irrespective of short-term market fluctuations.

**E. Critical Data Releases (Looking Ahead):**

While today's CPI was the major event, retail traders should remain vigilant for the following in the coming days/weeks:

* **US Core PCE Price Index:** This is the Fed's preferred inflation gauge, and its release will be a crucial follow-up to today's CPI. Any surprise here could lead to significant market movements.
* **US Retail Sales:** Provides insight into consumer spending and economic strength, which can influence Fed policy expectations.
* **Manufacturing and Services PMIs (US and Eurozone):** These forward-looking indicators provide a snapshot of economic health and can influence currency sentiment.
* **Any further statements/speeches from Fed or ECB officials:** "Jawboning" from central bank figures can often move markets more than data releases themselves.

**Actionable Insights for Retail Traders:**

* **USD:** The bias for the DXY currently remains **bearish** as long as inflation data continues to surprise to the downside and rate cut expectations strengthen. Look for opportunities to fade DXY strength on any rallies, particularly if resistance levels hold. However, be mindful of potential short-covering rallies if sentiment shifts or data surprises to the upside.
* **EUR/USD:** The pair is **bullish** on the back of DXY weakness. Look for opportunities to buy on dips, particularly around key support levels, with an eye on breaking above the 1.1500 mark for further upside.
* **Gold:** Gold maintains a **bullish bias** due to a combination of weakening dollar, lower real yields, persistent central bank demand, and geopolitical hedges. Consider accumulating on dips, especially if key support levels hold. A confirmed break above $3,350 would be a strong signal for further gains.

**Institutional-Grade Analysis Takeaway:**

The current market dynamic is heavily influenced by the interplay between inflation data and central bank monetary policy expectations. The narrative is currently shifting towards a more dovish Fed, which is fundamentally bearish for the US Dollar and bullish for Gold. The Euro benefits from the dollar's weakness, but its own economic fundamentals will need to show sustained improvement to drive independent strength. As a retail trader, understand that while technical levels provide entry and exit points, the underlying macroeconomic and central bank drivers are the primary forces moving these assets. Stay agile and prepared for potential reversals if data deviates from current market expectations.