Daily Market Update 9/5/2023
Bitcoin / Dollar intraday: rebound towards 28520 Our pivot point stands at 27050. Our preference: Rebound towards 28520. Alternative scenario: The downside breakout of 27050 would call for 26540 and 26230. Comment: The RSI is below 50. The MACD is negative and above its signal line. The configuration is mixed. Moreover, the price stands below its […]
Unemployment Claims
Date 27-4-2023 XAU/USD ORDER OPEN = SELL OPEN PRICE = 1995 TAKE PROFITS = 1954 STOP LOSS = 2010
CAD NEWS
CAD NEWS 7:00 PM BOC Monetary Policy Report The BOC Governor usually holds a press conference to discuss the contents of this report about 75 minutes after release; Why Traders Care It provides valuable insight into the bank’s view of economic conditions and inflation – the key factors that will shape the future of […]
PPI m/m News
AT 6:00 PM Change in the price of finished goods and services sold by producers; ‘Actual’ greater than ‘Forecast’ is good for currency; Why Traders Care It’s a leading indicator of consumer inflation – when producers charge more for goods and services the higher costs are usually passed on to the consumer Be Active on […]
Fed Chair Powell Testifies:
The Major News : DATE= 22 June TIME = 11:30pm PAIR = USD TOPIC= Fed Chair Powell Testifies NEWS= Fed Chair Feb 2018 – Feb 2022. Fed Governor May 2012 – Jan 2028. The testimony usually comes in 2 parts: first, he reads a prepared statement (a text version is made available on the Fed’s […]