2023 will be bullish for the USD. I'll be updating this thread.
บันทึกช่วยจำ
บันทึกช่วยจำ
บันทึกช่วยจำ
บันทึกช่วยจำ
Falling wedge on DXY.
บันทึกช่วยจำ
Hello Traders.
During Yesterday Fed FOMC Interest Rate Projections:
The FOMC surprised with higher rates.
Fed hiked interest rate to 4.5% from 4.0% in Sep. Fed's median view of terminal rate for 2023 is 5.1% vs 4.6% is Sep. Fed sees PCE inflation in 2023 3.1% vs 2.8% in Sep. Fed sees core PCE inflation in 2023 3.5% vs 3.1% in Sep. Fed sees US GDP growing in 2023 0.5% vs 1.2% in Sep. Fed sees year-end US jobless rate in 2023 4.6% vs 4.4% is Sep.
Powell was hawkish during the Press Conference: Said: *Inflationary risks are skewed to the upside. *I can't promise that we won't raise our peak rate estimate at a future meeting. *There are no rate cuts in SEP in 2023. *Failure to raise rates sufficiently would cause the most pain.
With all the above was said, a strong USD will manifest everytime the US. Maco-economic Data will surprise to upside the market expectations.
Stay tunded , i'll update !
บันทึกช่วยจำ
Falling wedge on U.S. Dollar Index 'DXY'. Most likely next week there will be strong USD.
บันทึกช่วยจำ
⚠ The USD is goining into 2023 with this setup:
✔ supported by 50% of febonacci retracement. ✔ supported by the 50MA on weekly time frame. ✔ building "Falling Wedge" reversal formation. ✔ J. Powell Sain "No to rate Cutt in 2023".
"Good luck to all Dollar Bears."
บันทึกช่วยจำ
U.S. Dollar Index is firing all cylinders.
บันทึกช่วยจำ
The DXY price action are breaking out from the falling wedge formation.
บันทึกช่วยจำ
DXY is fighting to stay above 103.96
บันทึกช่วยจำ
On low time frame, there is "Double Bottom" formation "ADAM and EVE".
บันทึกช่วยจำ
Watch for the USD to push higher during the coming weeks.
บันทึกช่วยจำ
Massive breakout from DXY falling wadge, that will take the EURUSD FX rate to down side. Although the yield spread between the German 02YR Gov. BOUND vs U.S. 02YR Gov. is pointing to upside, still the EURUSD is expected reverse to downside. Macro EURUSD Chart
บันทึกช่วยจำ
🇺🇸 U.S. 10 YR GOV. Bond Yield is up 13.5% since mid December.
บันทึกช่วยจำ
No direction on U.S. Dollar Index 'DXY' in the absence of meaningful economic data.
บันทึกช่วยจำ
🚨 BREAKING NEWS :
The US will require travellers from China to submit a negative Covid-19 test beginning on January 5th 2023
บันทึกช่วยจำ
In absence of meaningfull data, the USD is heading to down side.
บันทึกช่วยจำ
⚠️ Dollar erases and reverses losses on positional, fundamental and technical grounds with EUR deflated by sub-consensus German state CPIs.
บันทึกช่วยจำ
*The direction of DXY will be set accourding to incoming Macro Data.
บันทึกช่วยจำ
There is a bullish divergence on DXY, but the direction will be set by the incoming Macro Data.
*Watch Initial Jobless Claims today. USD | Chart
บันทึกช่วยจำ
US Initial Jobless Claims Actual 204k (Forecast 225k, Previous 225k).
บันทึกช่วยจำ
บันทึกช่วยจำ
บันทึกช่วยจำ
Euro-Area Surprised Lower.
บันทึกช่วยจำ
U.S. Dollar Index continue to push higher on Euro-Area Headline Inflation surprise the market to downside.
บันทึกช่วยจำ
DXY close the 1st trading week of 2023 with "Inverted Hammer Candlestick" after Weekly Average Earnings surprised lower !
บันทึกช่วยจำ
MUFG Bank: "MUFG: "The main trigger for the renewed US dollar sell-off was the release of the much weaker than expected ISM services survey on Friday that signalled a heightened risk of recession in the US. The survey revealed that business confidence in the services sector dropped sharply by 6.9 points to 49.6 in December."
บันทึกช่วยจำ
Today, the USD is being beaten by Dovish comment from the Fed's Bostic:
Fed's Bostic: If the upcoming CPI is consistent with the trends seen in the jobs report, the Fed will have to take 25 more seriously.
Also raising expectation that U.S. Dec CPI and Core CPI will surprise lower during Thursday 12th 2023.
บันทึกช่วยจำ
(Breaking News) - Directors at 9 regional Feds sought a 50 bp discount hike to 4.5% - "Fed Discount Rate Meeting Minutes".
บันทึกช่วยจำ
DXY is bouncing from 0.618 fibonacci levels. #FX #Trading
บันทึกช่วยจำ
⚠️The Fed Fund Rate Vs DXY : "Market participants are anticipating the Fed to cut interest rate and started sell the USD (Orange Line). #FX #Trading