#Eurusd ★ Honey Bee | Honey Bee's - Trading journal

Welcome to my trading journal update. I hope you are doing well and making a good profit all over the week. This week, we may witness more breaches on the major pairs, and the dollar index will maintain the ascending level at 96.50. Traders expect the price to breach the new support or resistance area during the unemployment rate report, but it will have a slight impact and swing around 96.20, which will not confirm the direction of this new month, so we are now waiting for the market to open and moving price action in the opening session and then more market risk-taking. Gold will drop sharply before the market closes and the support reaches 1760, which indicates that buyers will control additional price increases and refuse to cross the SMA to 1750. Above this level, we can expect buyers to buy. It took control of the first resistance 1800, broke it, and followed the previous month's high 1880. On the other hand, the price of crude oil is testing a new low at 62.59, and then at 69.00, it rose significantly in the high region this week. In this range, we can sell oil aggressively, and the impact of COVID on developing countries will reduce demand which could drop to 60.00.
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EUR/USD: The dollar is invulnerable

In order to look into the future, it is necessary to understand the reasons for what is happening now. The main drivers of the EURUSD correction were not the acceleration of European and German inflation to 4.9% and 6%, respectively, but the massive closing of positions in carry trade and doubts about the Fed's aggressive monetary restriction due to the Omicron variant of the COVID-19. And if Fed Chair Jerome Powell, in his speech to Congress, showed that the Fed is not going to back down from its plans to normalize monetary policy, then players on both sides continue to flee the market.
Picture for EUR/USD: The dollar is invulnerable ★ Honey Bee | Honey Bee's - Trading journal

Welcome to my trading journal update. I hope you are doing well and making a good profit from the moving market. As we can see, the dollar index is breaking the resistance level above 96.50, which will increase pressure on the GBP/USD and EURUSD throughout the week. If we can analyze the weekly chart, the price formation will clear the mark, and sellers will prevail in the first session; EURUSD will break the support after the NFP data, and this negative movement will occur afterwards. Express an opinion. Trading, on the other hand, the price of gold also covers the support and is affected a little by the US dollar, which will press on the support line that breaks the trend line below 1765, and then the reverse movement will witness a sharp shifting zone above 1772 if the 1759 area is rejected, the future rise next week will break 1800 is the highest resistance level.
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EURUSD, GBPUSD still in the red zone

Looking at the four-hour time frame chart, we see that EURSUD found support at 1.13000. We now expect consolidation to remain positive and the pair to continue to recover, and resistance at 1.13500 is our next hurdle to overcome. Bullish scenario:. We need continued positive consolidation and, with the support...

US nonfarm payroll estimate for November 210K vs. 550K.

Non-farm payroll employment data in the United States for November 2021. Unemployment rate 4.2% vs. 4.5% estimate. Last month’s unemployment rate 4.6%. Participation rate 61.8% vs. 61.6% estimate. Last month 61.6%. Pre-pandemic 63.5%. Underemployment rate 7.8% vs. 8.4% estimate. Last month 8.3%. Pre-pandemic 7.0%. Average hourly compensation year-on-year 4.8% vs....

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EURUSD, GBPUSD bullish continued and today

Pair EURUSD manages to consolidate in the zone 1.13000-1.13500. We can say that this consolidation is positive, and we will probably see a continuation on the bullish side. Pair has not formed a new lower low so far, and based on that; we expect the bullish trend to continue. Bullish...

EURUSD stays below the 100 hour MA but can’t get below the swing area

With the US employment report out tomorrow morning, the EURUSD rotated back below the 100 hour MA at 1.1311. The price moved below that level around the time London traders were heading home, and stayed below. That’s the bearish news. The not so bearish news is that the price remains:

Intraday Market Analysis – Gold Awaits Breakout

Gold treads water as markets await US jobs data release. The metal remains under pressure after it failed to maintain bids above 1780. Sellers are testing the daily support at 1760. A bearish breakout would shatter hopes of a swift rebound and send the price to last September’s low at...

PrimeXM’s volume hits new all-time high at $1.23 trillion

Average daily trading volumes across PrimeXM data center locations surged by over a third to a new record last month amid broad growth across different asset classes, the Swiss-founded technology company said today. During November 2021, PrimeXM reported an average daily volume (ADV) of $55.92 billion, which represented a jump...

EUR/USD Forecast Ahead of EU Retail Sales and US NFP Data

The EUR/USD pair tilted lower on Friday morning as investors waited for the latest EU retail sales and US nonfarm payrolls (NFP) data. The pair is trading at 1.2937, which is slightly lower than this week’s high of 1.1382. The EUR to USD price has been in the spotlight this...

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You can also compare different financial instruments on the same price chart. For example, EURUSD and USDCAD, M15. The indicator also allows you to see the resistance / support levels of the daily average price.

Trading gold into today’s NFP

Trading gold has been relatively straightforward as of late. When real yields and the USD fall together gold rises. When real yields and the USD rises then gold falls. This is why gold has been falling recently Powell has made a hawkish tilt by saying it is right to consider a faster taper at the December meeting. This lifted yields and the USD. As of tomorrow, the Fed will be in the blackout period, so here is what to watch for over the NFP.

EUR/USD wavers after strong Eurozone producer inflation data

US stocks rebounded as worries of the new variant of Covid-19 faded. Futures tied to the Dow Jones rose by more than 320 points while those tied to the S&P 500 and Nasdaq 100 index rose by more than 30 and 60 points, respectively. At the same time, the CBOE VIX index fell by more than 8%. This recovery comes a day after the Dow lost more than 500 points after the US confirmed its first Omicron patient. According to the Wall Street Journal, Joe Biden will toughen testing for foreign travellers and extend the mask mandate on public transport. People travelling to the US will need to be tested a day before departure. Therefore, stocks are rising as investors downplay the impact of the variant.

Forex technical analysis and forecast: Majors, equities and commodities

After completing the descending structure at 1.1300, EURUSD is consolidating around this level. Possibly, the pair may break this range to the downside and form a new descending structure to break 1.1235. Later, the market may continue trading downwards with the target at 1.1115. GBP/USD, “Great Britain Pound vs US...

EUR/USD – A brief recovery?

OANDA Senior Market Analyst Craig Erlam discusses EURUSD which has pulled off the lows after the sell-off accelerated in recent weeks. This article is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Corporation or any of its affiliates, subsidiaries, officers or directors. Leveraged trading is high risk and not suitable for all. You could lose all of your deposited funds.
CURRENCIES ★ EUR/USD: plan for the US session on December 2 (analysis of morning deals). No one wants to take risks before tomorrow's labor market data

The euro continues to stand in one place, and volatility has decreased even more compared to yesterday. Most likely, no one wants to take risks before tomorrow's important report on the US labor market, based on which the Federal Reserve System will make a decision on monetary policy. Let's look at the 5-minute chart. Before the 1.1305 level test, it was not enough quite a bit in the first half of the day, so it was not possible to get a good entry point into long positions from there. We also did not reach the nearest resistance level. From a technical point of view, nothing has changed.
CURRENCIES ★ Honey Bee | Honey Bee's - Trading journal

Welcome to my trading journal update. I hope you are all doing well and making a good profit from the moving market. High impact news data will have a negative impact on the US market, and the price will move below 96.00, confirming the following trend line at 95.50. If the price maintains this level, the major currency pairs will rise significantly this week, with the EURUSD pair taking some risks, but the price will remain above the 1.1300 regions. I decided to close the position with a profit of a few pips before the ISMI data and trade in the market direction on further confirmation. On the other hand, if we can analyze the gold chart, the price covers the support channel and opens the door for sellers to the lower level 1770 if the price continues to fall after the impact of unemployment data. The track is likely to drop sharply at 1720 area buyers who are waiting for more breakouts to risk long term, and our target will clear the 1850 mark.

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