Forexsignals
AUDUSD bear flagAussie has been in a downtrend and the dollar index has formed a bullish pattern and is trading above the key levels. We are now looking at the consolidation in the aussie and it looks like the consolidation is merely a bear flag from which a downside break is more probable.witht he dollar index forming a inverse head and shoulder pattern and the aussie forming a bearish pattern it only confirms the thesis further.
SELL WTI (XTI/USD) 77.15 , With 180 PIPS OBJECTIVEWe are going short on Crude Oil, Due to adjustment of sentiments, and expect to move lower.
News: Drone Strike Heightens Supply Fears
Crude oil prices witnessed a surge on Monday due to increased tensions in the Middle East. A drone attack targeting U.S. forces in Jordan, believed to be orchestrated by Houthi rebels, has raised concerns over potential disruptions in oil supply. This situation is compounded by repeated assaults by the Houthis on vessels navigating the Red Sea, notably impacting a fuel tanker operated by Trafigura. Traders are now awaiting a response from the United States that could escalate the turmoil in the area.
The price action has been volatile early in the session with crude oil jumping substantially on the opening, but then pulling back more than $1.00 as traders sold the initial rally. The lack of speculative buying to sustained the price surge likely led to its intraday collapse.
The price is likely to collapse again when the dust settles.
LONG ON BTC- from 40687, Due to accumulation of H&S PatternWe are looking to Buy BTC/USD from 40687 for a target of 44167 in a medium term range for a Leg Up Completion. Gold is also bearish, this will help market put more demand on Cryptos. Stops should be below 39500. Wish you a best of luck and happy Monday
EURUSD BUYThe Company accepts no accountability or obligation for your trading and speculation results, and you consent to hold the Company innocuous for any such outcomes or misfortunes. We are not financial advisers or account managers; We are Forex traders. The recordings on this channel are rigorously for educational and amusement purposes. Trading Forex implies dangers, and you can lose all your venture ; consequently, you exclusively must take a chance.
XAU/USD is clearly bearing after fed affirmation of possible cutToday we can look for sell opportunities around 2031 , For a target of 2009- 2002 , Market has turned bearish yesterday after announcement of the following.
Fed's Waller: Data in the last few months allowing Fed to consider cutting rates this year
Waller Q&A: It will be up to committee on timing of when to start cuts
Also the technical indicators, H4 & D1 charts suggesting further bearish momentum throughout the day. Stops should be above 2042.00
News of geopolitical instability still existsGold prices continued to increase in the early trading sessions of the week thanks to escalating tensions in the war in the Middle East.
Gold experienced a steady rise near the weekend thanks to geopolitical tensions and weakness in the US dollar. The coordinated attack between the US and UK on the Houthi rebels in Yemen in recent days has made the market concerned that the war situation may gradually get worse.
In addition, US government bond yields have also decreased slightly in the past month as the market continues to expect the Fed to cut interest rates in the near future.
Foreign currencies increased sharply at the same timeThe USD decreased in the last trading session
The US Federal Reserve (Fed) may begin cutting interest rates when inflation falls closer to the US Central Bank's 2% target.
However, trading volumes fell after Christmas as some markets remained closed for the holidays. Many traders globally also take a holiday until Tet.
The greenback is on track for its worst performance since 2020 against other currencies, as market expectations of a Fed rate cut have dented the dollar's appeal against peers. other currency.
Many analysts expect the US economy to slow markedly in 2024, but the Fed is also expected to take action to ensure that the gap between the federal funds rate and actual inflation is not too wide. .
If inflation falls much faster than target, the Fed may tighten monetary conditions more than policymakers intended.
Gold price approaches important resistance levelGold price, after overcoming the resistance zone at $2,050/oz, continued to increase in the trading session after the Christmas holiday to $2,065/oz, thanks to the weakness of the US dollar.
This week, gold prices will likely stabilize around current levels, due to the lack of important economic data. However, if the war situation in the Red Sea continues to escalate, gold prices may continue to increase sharply.