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As we mentioned: XXXJPY dropping ✅✅
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2nd UPDATE - GBPJPY - moving well +160pips✅
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1st UPDATE - GBPJPY - moving well +60pips✅
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Gold Prices—Continued Growth Amid Speculation of Fed Rate Cut
•Gold prices are on the rise due to expectations of U.S. interest rate cuts, along with declining Treasury yields and a weakening Dollar Index.
•Gold purchases are further boosting market confidence. Recent economic indicators suggest persistent inflation concerns, potentially prompting a Fed rate cut and supporting gold's positive outlook. Concerns over New York Community Bancorp's stock have prompted defensive options market stances, while broader banking ETFs show more balanced activity.
•In the short term, gold's outlook remains favourable, supported by dovish signals from the Federal Reserve and ongoing economic uncertainties.
Coming soon: Expect further drops across all XXXJPY pairs!
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2nd UPDATE - GBPJPY - moving well +120pips✅
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1. 28/02/24 | Free trade
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📉SELL GBPJPY at 190.600
Stop Loss 191.238
Take Profit 178.220
APPROPRIATE LOT SIZE 1% risk
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1. 27/02/24 | Free trade
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📉SELL GBPJPY at 190.520
Stop Loss 191.238
Take Profit 178.220
APPROPRIATE LOT SIZE 1% risk
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2nd UPDATE - GBPJPY - moving well +120pips✅
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1. 13/02/24 | Free trade
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📉SELL GBPJPY at 189.900
Stop Loss 190.688
Take Profit 178.220
APPROPRIATE LOT SIZE 1% risk
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Gold Market Insights
The current state of the gold market is marked by uncertainty, with gold hovering around its critical 50-day moving average amidst geopolitical tensions and a strengthening U.S. dollar. Bullish sentiment is driven by concerns over Middle East tensions and potential safe-haven demand, while bearish sentiment is influenced by expectations of higher interest rates from the Federal Reserve. Key events and influences include escalating tensions in the Middle East, the strengthening U.S. dollar and Treasury yields, cautious Fed policy, and the upcoming release of the U.S. consumer price index (CPI) data. Short-term market forecasts suggest volatility, with the reaction to the 50-day moving average and CPI data being crucial determinants of market sentiment.
How this could affect in the short term, analysis:
The confluence of geopolitical tensions, a strong dollar, and Fed policy signals a mixed outlook for gold and USD prices. While Middle East tensions and safe-haven demand may provide some support for gold, the strengthening U.S. dollar and expectations of higher interest rates could weigh on its price. The upcoming release of CPI data will be closely watched, as it could influence Fed rate-cut expectations and consequently impact both gold and USD prices. Traders should monitor market reactions to key events and economic indicators to navigate the market's current state of flux effectively.
⚫Trading Psychology
Handling losing trades can be approached in two ways:
1) Emotionally, where you might take it personally and feel like the market is targeting you.
2) Strategically, where you acknowledge that the market operates based on probabilities, and today simply wasn't in your favor.
It's crucial to journal your trades and analyse the data objectively. Ask yourself: Could you have minimised the loss? Was there a chance to breakeven? Could some trades have been avoided altogether? Reflect on the signs that indicated staying out of a trade would have been wise. Remember, learning from mistakes is essential for improvement. #forex #trading #education
⚡️⚡️⚡️⚡️⚡️⚡️ Market Update
Powell Says Fed Rate Cut in March Is Unlikely
• Fed holds rate steady, sees risks moving into better balance
• Powell says rates have reached peak for this cycle.
• It’ll be appropriate to dial back at some point this year: Powell
• Statement removes reference to possibility of more rate hikes
Source: Bloomberg
Market Update
Nasdaq Inc. is set to implement significant job cuts as part of its integration of software provider Adenza, which it acquired last year to fuel its expansion efforts. The company plans to optimize operations by potentially reducing positions and reallocating others to minimize redundancies. The integration will involve merging Adenza's offices in New York and London into Nasdaq's global locations. Nasdaq's transformation from a traditional exchange to a diversified technology provider has led to this strategic move, with the $10.5 billion acquisition marking a milestone in its evolution. This restructuring mirrors a broader trend in the financial industry, with firms like UBS Group AG, Nomura Holdings Inc., and Citigroup Inc. also trimming their workforce to control costs amidst market challenges.
Educational | H/L + int.LQ + POI + FIB + AB=CD 5 confluences
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Coming soon: Expect further drops across all XXXJPY pairs!
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2. 04/03/24 | Free Signal
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📉SELL GBPJPY at 190.620
Stop Loss 191.292
Take Profit 178.220
APPROPRIATE LOT SIZE 1% risk
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“A champion mindset is not about being gifted or talented. It's about being prepared, focused, disciplined, and having a deep unshakable belief in yourself.
The reality is, some days you will feel great and some days you will feel terrible. Some days you are inspired and some days you can't even find the motivation to get out of bed. But here's what really matters: you have a vision and you believe in yourself, because there's no limit to what you
can achieve.
Your vision will drive you. Your job is to create a vision that makes you want to leap out of bed each morning and to attack the day.”
— Champion Minded
2nd UPDATE - GBPJPY - moving well +100pips✅
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1st UPDATE - GBPJPY - moving well +20pips✅
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1st UPDATE - GBPJPY - moving well +20pips✅
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1st UPDATE - GBPJPY - moving well +20pips✅
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CPI Data Release Crucial for XAU/USD
An insightful analysis of the current factors influencing gold prices, focusing on both fundamental and technical aspects.
Fundamental Analysis:
- Despite reduced rate cut expectations for 2024, gold prices remain resilient, reflecting market stability.
- The upcoming U.S. Consumer Price Index (CPI) report is expected to play a pivotal role in shaping future gold price movements.
- Forecasts suggest an anticipated rise in CPI and Core CPI, crucial indicators reflecting the Fed's battle against inflation.
- The Federal Reserve's cautious stance, emphasizing the need for sustained evidence of inflation reduction before considering rate cuts, adds to the market's complexity.
- Market reactions and speculation indicate potential growing bullish sentiment in the gold market, with increased net long positions observed among COMEX gold speculators.
Technical Analysis:
- Gold is currently trading near the weak side of the 50-day moving average, suggesting a possible turn in the intermediate trend.
- Key support levels are identified at $2009.00 and $2000.00, with the latter serving as a potential trigger point for further downside movement.
- On the upside, overcoming the 50-day moving average could signal the return of buyers, potentially leading to a surge toward static resistance at $2067.00.
Note
The short-term forecast leans slightly bullish, the outcome of the CPI report will be instrumental in determining future market movements.
There is a notable cyclical pattern emerging in GBPJPY, AUDJPY, NZDJPY, and EURCAD, indicating a significant upcoming sell-off. It is advised to be vigilant and capitalise on these market swings.
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Gold Market—Geopolitical Tensions and Fed Rate Uncertainty
Gold prices are currently on an upward trajectory, influenced by fundamental and technical factors. Geopolitical tensions in the Middle East, notably sparked by an aerial attack near the Syrian border, have heightened gold's appeal as a safe-haven asset. Additionally, anticipation surrounding the Federal Reserve's impending decision on interest rates is a significant driver of market sentiment.
Fundamentally, the recent drop in U.S. Treasury yields to a two-week low, along with a slight decline in the U.S. Dollar Index, have contributed to gold's rise. These factors reduce the opportunity cost of holding non-yielding assets, making gold more attractive to investors. Moreover, the prevailing expectation in the market is for the Fed to maintain current rates, with attention focused on potential future rate cut guidance. Traders have shifted their expectations, now anticipating a dovish move in May rather than March.
Technically, gold is presenting a bullish signs, as it has decisively crossed above the uptrending 50-day moving average. This suggests a strengthened intermediate trend, with renewed momentum potentially pushing prices towards the next upside target at $2067.00. However, a failure to hold above the 50-day MA could indicate a reversal in the short-term trend, with support levels at $2009.00 and $1964.48 coming into focus.
In conclusion while gold's outlook appears bullish in the short term, caution is advised given the potential impact of Fed statements and economic data releases. Traders should closely monitor the post-Fed remarks by Chair Jerome Powell, as they are expected to be a significant catalyst for near-term market movement.
Footprints of Imbalance
1. Definition
An imbalance occurs when one side of the market, either buyers or sellers, dominates the trading activity at a specific price level, resulting in a disproportionate volume traded compared to the opposing side or situation where there is a significant disparity between buying (bid) and selling (ask) volume at a particular price level within a given time interval.
2. Types of Imbalances:
Buy Imbalance:
When buying volume significantly outweighs selling volume at a particular price level, indicating strong demand or accumulation.
- A buy imbalance may signal potential areas of support or demand. It suggests that buyers are willing to purchase at that price level, which could lead to price appreciation or a bounce from that level.
Sell Imbalance:
When selling volume greatly exceeds buying volume at a specific price level, suggesting heightened selling pressure or distribution.
- A sell imbalance indicates potential areas of resistance or supply. It implies that sellers are more aggressive at that price level, potentially causing price declines or acting as a barrier to further upward movement.
3. Trading Implications:
Confirmation
Imbalances can confirm existing market biases or provide early signals of potential trend reversals or continuations.
Entry and Exit Points:
Traders may use imbalances as entry or exit points for positions, placing trades in the direction indicated by the imbalance or waiting for confirmation before taking action.
UPDATE: GBPJPY Please adjust your SL levels to your entry prices and consider taking partial profits accordingly.
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