Bank of England Raises Rates + AUDCAD Hit TP2

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Bank of England Raises Rates + AUDCAD Hit TP2

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 […]

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Big Picture Unchanged Post Fed Rates + Spotting Imbalance

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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 and clear that soon. For the long-term, our bias has not changed. We are still bullish, and expecting 97.80. We still have until Friday to see how this week is going to close. Therefore, we will be looking for reasons for price to climb higher as we move into Thursday and Friday.

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 […]

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Momentum on Positive PPI Data + USOIL Targets Reached

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Momentum on Positive PPI Data + USOIL Targets Reached

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 […]

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