New variants are still popping up around the world. ADP comes out double than expected at $800k plus a sure hint for Friday. DXY and EURUSD are in consolidation until Friday NFP. Yesterday GOLD targets have been hit! BTCUSD is still in bearish territory. Today we saw a move to the downside on the DXY, […]
We close out the week bullish on GOLD and with a sell opportunity on USOIL. We have achieved our BTC target, and remain bearish. We will also be monitoring FOMC Member Christopher Waller (the Federal Reserve Governor), who is scheduled to speak today. Our bigger picture for DXY still hasn’t changed. We are expecting higher […]
Today, the Bank of England became the first central bank to raise rates since the pandemic started, while USOIL remains in consolidation. Our Smart Money AUDCAD trade idea hit TP2 yesterday, we encourage taking partial profits while we set our sights on TP3. Our bias on DXY still remains bullish until we see something to […]
The DXY Fed rate announcement came in today with unchanged rates for the Dollar Index. Prior to the news, price went to our initial target of 96.644. We were expecting them to take out the 96.943 level as well. However, price has failed to take out that high, but we suspect it might come back […]
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 […]
In todays live session, we did a breakdown of the latest COT report. We also referred to our Past Live session from October 12th , where we went over how to read the Commitment of Traders report. In addition, we are currently keeping an eye on the open AUDCAD trade idea. The dollar is stuck […]
We have taken partial profits on GBPUSD this week, and still have one more Take Profit #3 to hit for Smart Money’s trade idea. Today’s CPI data gave a mixed sentiment for DXY. Our HTF direction still remains. We are in a consolidation. Consolidation leads to expansion and so we are expecting expansion soon. Our […]
US Unemployment claims came in under forecast, affirming another piece of the equation for Dollar bulls. Smart Money is anticipating a very bearish outlook for crypto – it could be a cash position moment, or best to stay out of buys until things settle moment, unless you know what you are doing that is. We […]
The top Crypto executives testified to the US House Financial Services Committee, and warned that imposing strict regulations too fast in the United States could deter innovation, which would move outside the US, leaving us behind. They suggested that the US should become the leader in the blockchain space, adopting as quickly as possible instead […]
We were given the go ahead by price action on our DXY targets today. This puts us in a very nice position to treat the target like a magnet also as US Economic Optimism bounced back up since the initial Covid era lows. The Dollar Index pushed higher towards our target. Today’s price action gives […]