NFP Live Trade – 04 February 2022
Today's NFP trade ended with a 6.9 pip loss. However, the SL was reduced from 20 pips of risk to 6.9 pips. After the initial kick, volatility declined for a slow grind into the conclusion.
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Today's NFP trade ended with a 6.9 pip loss. However, the SL was reduced from 20 pips of risk to 6.9 pips. After the initial kick, volatility declined for a slow grind into the conclusion.
The European Central Bank did not make any changes to its policy on Wednesday, but Ms Lagarde did not rule out rate hikes in 2022, sending the Euro higher
The US Dollar rallied on the Fed’s monetary tightening prospects last week, having registered its best performance since October against the JPY, but during the current one it declines
The pair made as impressive start to the week, as UK political turmoil weighed on the Pound, but today it is on the back foot, ahead of central bank activity
GBPUSD daily threatens to move out of its weak area, between the lower blue and red bands, and into the neutral zone (blue arrow). The red bands have expanded with the currency pair's downside swing (green rectangles). We note that yesterday saw a long blue candle, with follow-through today. Given the increase in volatility from the broader downside move, this rally may provide an opportunity. To this end, we regard…
The EURUSD daily chart is weak, between the lower blue and red bands. Moreover, the red bands have expanded with the currency pair's downside swing (green rectangles). Yesterday saw a long blue candle, and there has been some follow-through today, leaving the price at the border between the weak and neutral areas (blue arrow). Given the increase in volatility from the broader downside move, this rally may provide an opportunity.…
Australia’s central bank concluded its asset purchase program, as was largely anticipated, but pushed back against rate hikes
Longer-Term Chart & Correlation The charts below show the following: * The top chart is the trimmed PCE inflation rate. * The second chart is the RSI of the trimmed PCE inflation rate. * The third chart is FXCM's USDOLLAR basket. * The fourth chart is a 12-month rolling correlation coefficient of trimmed PCE inflation to the USDOLLAR. Source:www.tradingview.com The red dashed vertical shows when core trimmed PCE, and the…
The pair slumped during the previous week due to the Dollar’s Fed-fueled strength, but the new one begins with difficulties for the greenback
The pair started the day on the front foot after two losing days, but gives up its gains during the European hours and heads towards another negative week
The US Dollar surged after Wednesday’s monetary policy decision by the US Federal Reserve, extending its gains against the Japanese Yen today
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