Currencies declined after Wall Street selloff; Fed may keep rates on hold this year.
MSCI’s Asia Pacific Index had its worst day since May 8, first decline in five weeks.
US contracts rose after S&P 500 fell the most this month on Thursday.
Swaps fully price Fed’s first quarter-point rate cut in December, not November.
Emerging Asian currencies fell on a stronger dollar, which had its longest gain streak since April.
Global stock rally faltered amid uncertainty on US interest-rate cuts.
Investors eye new faster settlement cycle in the US, with potential initial trade fails.
Boeing fell 7.6% after announcing continued cash burn.
Oil steady at three-month low; gold steady after three days of declines.
Fed officials call for patience amid upward price pressure.
Nvidia surged over 9% on strong outlook, topping $1,000 mark.
Key events this week:
Canada retail sales
Germany GDP
US durable goods and consumer sentiment
Fed’s Christopher Waller speaks
Forex Trading Signals For:
EUR/USD GBP/USD USD/JPY USD/CHF NZD/USD AUD/USD USD/CAD EUR/GBP EUR/JPY EUR/CHF USD/SEK XAU/USD (Gold) WTI (CL-Oil) BRENT CRUDE (UKOUSD) BTC/USD
Trading Signal for EUR/USD
Trade Direction: Sell
Entry Point: 1.0808 (current price)
Take Profit:
TP1: 1.0780
TP2: 1.0750
Stop Loss: 1.0835 (above daily pivot and recent high)
Confidence Level: Moderate
Indicator Analysis:
Bollinger Bands: The price is moving towards the lower band, indicating bearish momentum.
Ichimoku Cloud: The price is below the cloud, suggesting a downtrend.
ATR: Current ATR is 0.00163, indicating moderate volatility.
MACD: The MACD line is below the signal line and both are below zero, supporting the sell signal.
RSI: RSI is at 37.62, showing bearish momentum without being oversold.
Fundamental Analysis Insight:
Currencies declined after a selloff on Wall Street following activity data suggesting the Fed may keep rates on hold for most of this year.
MSCI’s Asia Pacific Index had its worst day since May 8, with broad declines in shares across Asia.
US dollar extended gains against Group of 10 peers for a fifth day, pressuring emerging Asian currencies.
Markets are concerned over “higher for longer” Fed policy, impacting EM Asian stocks and FX.
Trading Signal for GBP/USD
Trade Direction: Sell
Entry Point: 1.2689 (current price)
Take Profit:
TP1: 1.2660
TP2: 1.2630
Stop Loss: 1.2720 (above daily pivot and recent high)
Confidence Level: Moderate
Indicator Analysis:
Bollinger Bands: The price is near the lower band, indicating potential bearish momentum.
Ichimoku Cloud: The price is below the cloud, suggesting a downtrend.
ATR: Current ATR is 0.00228, indicating moderate volatility.
MACD: The MACD line is below the signal line and both are below zero, supporting the sell signal.
RSI: RSI is at 45.83, showing bearish momentum without being oversold.
Fundamental Analysis Insight:
Currencies declined after a Wall Street selloff, with the Fed likely to keep rates on hold this year.
MSCI’s Asia Pacific Index had its worst day since May 8, with broad declines in Asian shares.
US dollar extended gains against Group of 10 peers for a fifth day, pressuring emerging Asian currencies.
Markets are concerned over “higher for longer” Fed policy, impacting EM Asian stocks and FX.
Trading Signal for USD/JPY
Trade Direction: Buy
Entry Point: 157.09 (current price)
Take Profit:
TP1: 157.50
TP2: 157.80
Stop Loss: 156.70 (below daily pivot and recent low)
Confidence Level: Moderate
Indicator Analysis:
Bollinger Bands: The price is near the upper band, indicating potential bullish momentum.
Ichimoku Cloud: The price is above the cloud, suggesting an uptrend.
ATR: Current ATR is 0.295, indicating moderate volatility.
MACD: The MACD line is above the signal line, supporting the buy signal.
RSI: RSI is at 68.02, showing bullish momentum but approaching overbought territory.
Fundamental Analysis Insight:
Currencies declined after a Wall Street selloff, with the Fed likely to keep rates on hold this year.
US dollar extended gains against Group of 10 peers for a fifth day, pressuring emerging Asian currencies.
Japan’s inflation eased for a second month, with speculation on further BOJ policy tightening.
Trading Signal for USD/CHF
Trade Direction: Buy
Entry Point: 0.9153 (current price)
Take Profit:
TP1: 0.9180
TP2: 0.9200
Stop Loss: 0.9130 (below daily pivot and recent low)
Confidence Level: Moderate
Indicator Analysis:
Bollinger Bands: The price is near the upper band, indicating potential bullish momentum.
Ichimoku Cloud: The price is above the cloud, suggesting an uptrend.
ATR: Current ATR is 0.00161, indicating moderate volatility.
MACD: The MACD line is above the signal line, supporting the buy signal.
RSI: RSI is at 65.93, showing bullish momentum but approaching overbought territory.
Fundamental Analysis Insight:
Currencies declined after a Wall Street selloff, with the Fed likely to keep rates on hold this year.
US dollar extended gains against Group of 10 peers for a fifth day, pressuring emerging Asian currencies.
Market concerns over “higher for longer” Fed policy impacting EM Asian stocks and FX.
Trading Signal for NZD/USD
Trade Direction: Sell
Entry Point: 0.6096 (current price)
Take Profit:
TP1: 0.6070
TP2: 0.6040
Stop Loss: 0.6115 (above daily pivot and recent high)
Confidence Level: Moderate
Indicator Analysis:
Bollinger Bands: The price is near the lower band, indicating potential bearish momentum.
Ichimoku Cloud: The price is below the cloud, suggesting a downtrend.
ATR: Current ATR is 0.00182, indicating moderate volatility.
MACD: The MACD line is below the signal line and both are near zero, supporting the sell signal.
RSI: RSI is at 45.84, showing bearish momentum without being oversold.
Fundamental Analysis Insight:
Currencies declined after a Wall Street selloff, with the Fed likely to keep rates on hold this year.
US dollar extended gains against Group of 10 peers for a fifth day, pressuring emerging Asian currencies.
Market concerns over “higher for longer” Fed policy impacting EM Asian stocks and FX.
Trading Signal for AUD/USD
Trade Direction: Sell
Entry Point: 0.6599 (current price)
Take Profit:
TP1: 0.6570
TP2: 0.6540
Stop Loss: 0.6625 (above daily pivot and recent high)
Confidence Level: Moderate
Indicator Analysis:
Bollinger Bands: The price is near the lower band, indicating potential bearish momentum.
Ichimoku Cloud: The price is below the cloud, suggesting a downtrend.
ATR: Current ATR is 0.00188, indicating moderate volatility.
MACD: The MACD line is below the signal line and both are below zero, supporting the sell signal.
RSI: RSI is at 32.75, showing bearish momentum but approaching oversold territory.
Fundamental Analysis Insight:
Currencies declined after a Wall Street selloff, with the Fed likely to keep rates on hold this year.
US dollar extended gains against Group of 10 peers for a fifth day, pressuring emerging Asian currencies.
Market concerns over “higher for longer” Fed policy impacting EM Asian stocks and FX.
Trading Signal for USD/CAD
Trade Direction: Buy
Entry Point: 1.3735 (current price)
Take Profit:
TP1: 1.3760
TP2: 1.3790
Stop Loss: 1.3710 (below daily pivot and recent low)
Confidence Level: Moderate
Indicator Analysis:
Bollinger Bands: The price is near the upper band, indicating potential bullish momentum.
Ichimoku Cloud: The price is above the cloud, suggesting an uptrend.
MACD: The MACD line is above the signal line, supporting the buy signal.
RSI: RSI is at 69.88, showing bullish momentum but approaching overbought territory.
Fundamental Analysis Insight:
Currencies declined after a Wall Street selloff, with the Fed likely to keep rates on hold this year.
US dollar extended gains against Group of 10 peers for a fifth day, pressuring emerging Asian currencies.
Market concerns over “higher for longer” Fed policy impacting EM Asian stocks and FX.
Trading Signal for EUR/GBP
Trade Direction: Sell
Entry Point: 0.8519 (current price)
Take Profit:
TP1: 0.8490
TP2: 0.8460
Stop Loss: 0.8540 (above daily pivot and recent high)
Confidence Level: Moderate
Indicator Analysis:
Bollinger Bands: The price is near the lower band, indicating potential bearish momentum.
Ichimoku Cloud: The price is below the cloud, suggesting a downtrend.
ATR: Current ATR is 0.00103, indicating low volatility.
MACD: The MACD line is below the signal line and both are below zero, supporting the sell signal.
RSI: RSI is at 42.22, showing bearish momentum but not oversold.
Fundamental Analysis Insight:
Currencies declined after a Wall Street selloff, with the Fed likely to keep rates on hold this year.
US dollar extended gains against Group of 10 peers for a fifth day, pressuring emerging Asian currencies.
Market concerns over “higher for longer” Fed policy impacting EM Asian stocks and FX.
Trading Signal for EUR/JPY
Trade Direction: Buy
Entry Point: 169.81 (current price)
Take Profit:
TP1: 170.30
TP2: 170.60
Stop Loss: 169.40 (below daily pivot and recent low)
Confidence Level: Moderate
Indicator Analysis:
Bollinger Bands: The price is near the upper band, indicating potential bullish momentum.
Ichimoku Cloud: The price is above the cloud, suggesting an uptrend.
ATR: Current ATR is 0.332, indicating moderate volatility.
MACD: The MACD line is above the signal line, supporting the buy signal.
RSI: RSI is at 57.23, showing bullish momentum without being overbought.
Fundamental Analysis Insight:
Currencies declined after a Wall Street selloff, with the Fed likely to keep rates on hold this year.
US dollar extended gains against Group of 10 peers for a fifth day, pressuring emerging Asian currencies.
Market concerns over “higher for longer” Fed policy impacting EM Asian stocks and FX.
Trading Signal for EUR/CHF
Trade Direction: Buy
Entry Point: 0.9894 (current price)
Take Profit:
TP1: 0.9920
TP2: 0.9940
Stop Loss: 0.9870 (below daily pivot and recent low)
Confidence Level: Moderate
Indicator Analysis:
Bollinger Bands: The price is near the upper band, indicating potential bullish momentum.
Ichimoku Cloud: The price is above the cloud, suggesting an uptrend.
ATR: Current ATR is 0.00142, indicating moderate volatility.
MACD: The MACD line is above the signal line, supporting the buy signal.
RSI: RSI is at 55.74, showing bullish momentum without being overbought.
Fundamental Analysis Insight:
Currencies declined after a Wall Street selloff, with the Fed likely to keep rates on hold this year.
US dollar extended gains against Group of 10 peers for a fifth day, pressuring emerging Asian currencies.
Market concerns over “higher for longer” Fed policy impacting EM Asian stocks and FX.
Trading Signal for USD/SEK
Trade Direction: Buy
Entry Point: 10.7316 (current price)
Take Profit:
TP1: 10.7600
TP2: 10.7900
Stop Loss: 10.7100 (below daily pivot and recent low)
Confidence Level: Moderate
Indicator Analysis:
Bollinger Bands: The price is near the upper band, indicating potential bullish momentum.
Ichimoku Cloud: The price is above the cloud, suggesting an uptrend.
ATR: Current ATR is 0.03281, indicating moderate volatility.
MACD: The MACD line is above the signal line, supporting the buy signal.
RSI: RSI is at 53.49, showing bullish momentum without being overbought.
Fundamental Analysis Insight:
Currencies declined after a Wall Street selloff, with the Fed likely to keep rates on hold this year.
US dollar extended gains against Group of 10 peers for a fifth day, pressuring emerging Asian currencies.
Market concerns over “higher for longer” Fed policy impacting EM Asian stocks and FX.
Trading Signal for XAU/USD (Gold)
Trade Direction: Sell
Entry Point: 2338 (current price)
Take Profit:
TP1: 2320
TP2: 2300
Stop Loss: 2350 (above daily pivot and recent high)
Confidence Level: Moderate
Indicator Analysis:
Bollinger Bands: The price is near the lower band, indicating potential bearish momentum.
Ichimoku Cloud: The price is below the cloud, suggesting a downtrend.
ATR: Current ATR is 14.55, indicating high volatility.
MACD: The MACD line is below the signal line and both are below zero, supporting the sell signal.
RSI: RSI is at 30.69, showing bearish momentum but approaching oversold territory.
Fundamental Analysis Insight:
Currencies declined after a Wall Street selloff, with the Fed likely to keep rates on hold this year.
US dollar extended gains against Group of 10 peers for a fifth day, pressuring emerging Asian currencies.
Market concerns over “higher for longer” Fed policy impacting EM Asian stocks and FX.
Gold steady after three days of declines, indicating continued pressure from a stronger US dollar and Fed policies.
Trading Signal for WTI Crude Oil (USOIL)
Trade Direction: Sell
Entry Point: 76.82 (current price)
Take Profit:
TP1: 75.50
TP2: 74.00
Stop Loss: 77.60 (above daily pivot and recent high)
Confidence Level: Moderate
Indicator Analysis:
Bollinger Bands: The price is near the lower band, indicating potential bearish momentum.
Ichimoku Cloud: The price is below the cloud, suggesting a downtrend.
ATR: Current ATR is 0.63, indicating moderate volatility.
MACD: The MACD line is below the signal line and both are below zero, supporting the sell signal.
RSI: RSI is at 38.89, showing bearish momentum but approaching oversold territory.
Fundamental Analysis Insight:
Oil was steady around its lowest level in over three months as the market flashed signs of weakness ahead of the US summer driving season.
US dollar strength and concerns over Fed rate policy contribute to the bearish sentiment for crude oil.
Trading Signal for Brent Crude Oil (UKOUSD)
Trade Direction: Sell
Entry Point: 81.56 (current price)
Take Profit:
TP1: 80.50
TP2: 79.00
Stop Loss: 82.20 (above daily pivot and recent high)
Confidence Level: Moderate
Indicator Analysis:
Bollinger Bands: The price is near the lower band, indicating potential bearish momentum.
Ichimoku Cloud: The price is below the cloud, suggesting a downtrend.
ATR: Current ATR is 0.637, indicating moderate volatility.
MACD: The MACD line is below the signal line and both are below zero, supporting the sell signal.
RSI: RSI is at 36.77, showing bearish momentum but approaching oversold territory.
Fundamental Analysis Insight:
Oil was steady around its lowest level in over three months as the market flashed signs of weakness ahead of the US summer driving season.
US dollar strength and concerns over Fed rate policy contribute to the bearish sentiment for crude oil.
BTC/USD Signal
Trade Direction: Sell
Entry Point: 67,000
Take Profit: TP1: 66,000, TP2: 65,000
Stop Loss: 68,500
Confidence Level: Moderate
Indicator Analysis:
Bollinger Bands indicate price movement towards the lower band, suggesting bearish momentum.
Ichimoku Cloud shows price below the cloud, indicating a bearish trend.
ATR is at 1024, indicating high volatility.
MACD shows a bearish crossover with negative histogram values.
RSI is at 41.46, trending downward, indicating bearish momentum.
Fundamental Analysis Insight: Recent regulatory concerns and market sentiment are adding downward pressure on Bitcoin, contributing to the bearish outlook.
Disclaimer: These Forex Trading Signals are based on the current charts and market conditions. Always conduct your own analysis and consider risk management strategies before entering any trade. Markets are dynamic, and conditions can change rapidly.
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