GBPJPY SELL NOW 191.020
TP 190.900
TP 190.700
TP 190.500
TP 190.300
SL 191.500
TP 190.900
TP 190.700
TP 190.500
TP 190.300
SL 191.500
XAUUSD buy 3390
TP 1 3392
TP 2 3393
TP 3 3394
TP 4 3420
SL @ 3373
NO FINANCIAL ADVICE
TP 1 3392
TP 2 3393
TP 3 3394
TP 4 3420
SL @ 3373
NO FINANCIAL ADVICE
Forwarded from Forex VIP📊
📊USDJPY declines for the third consecutive session
On Monday, the Australian dollar (AUD) gained 0.44% against the U.S. dollar (USD) but failed to hold above the critically important 0.65000 level.
Possible effects for traders
Traders closely monitored developments in U.S.-Japan trade talks as Tokyo aimed to finalise a bilateral agreement by June. On the economic side, Japan's Services Purchasing Managers' Index (PMI) data for April was revised upward, showing the strongest rise in new orders in nearly a year.
Also, the Bank of Japan (BoJ) held its benchmark interest rate at 0.5% last week and revised its growth and inflation forecasts downwards. This signalled a dovish regulator's stance and suggested that additional rate hikes are unlikely in the near future. Despite this, markets continue to expect potential tightening later this year if economic data remains strong. Meanwhile, ongoing uncertainty around the Federal Reserve's next steps continues to support the case for the Japanese yen (JPY) strengthing in the broader macro environment.
USDJPY rose by 0.44% during the Asian and early European trading sessions. Today, the Federal Reserve Interest Rate Decision will be released at 6:00 p.m. UTC, potentially triggering volatility in the market. Key levels to watch are resistance at 144.000 and support at 142.350.
On Monday, the Australian dollar (AUD) gained 0.44% against the U.S. dollar (USD) but failed to hold above the critically important 0.65000 level.
Possible effects for traders
Traders closely monitored developments in U.S.-Japan trade talks as Tokyo aimed to finalise a bilateral agreement by June. On the economic side, Japan's Services Purchasing Managers' Index (PMI) data for April was revised upward, showing the strongest rise in new orders in nearly a year.
Also, the Bank of Japan (BoJ) held its benchmark interest rate at 0.5% last week and revised its growth and inflation forecasts downwards. This signalled a dovish regulator's stance and suggested that additional rate hikes are unlikely in the near future. Despite this, markets continue to expect potential tightening later this year if economic data remains strong. Meanwhile, ongoing uncertainty around the Federal Reserve's next steps continues to support the case for the Japanese yen (JPY) strengthing in the broader macro environment.
USDJPY rose by 0.44% during the Asian and early European trading sessions. Today, the Federal Reserve Interest Rate Decision will be released at 6:00 p.m. UTC, potentially triggering volatility in the market. Key levels to watch are resistance at 144.000 and support at 142.350.
Forwarded from Forex VIP📊
NZDCAD BUY ENTRY 0.8270
SL 0.8200
TP 0.8290
TP 0.8320
TP 0.9370
SL 0.8200
TP 0.8290
TP 0.8320
TP 0.9370
Forwarded from Forex VIP📊
US30 SELL 41060
SL 41150
TP 41030
TP 40960
TP 40850
TP 40500
SL 41150
TP 41030
TP 40960
TP 40850
TP 40500
Forwarded from Forex VIP📊
AUDUSD BUY ENTRY 0.6475
SL 0.6405
TP 0.6495
TP 0.6525
TP 0.6575
SL 0.6405
TP 0.6495
TP 0.6525
TP 0.6575
Forwarded from Forex VIP📊
EURCHF BUY ENTRY 0.9378
SL 0.9308
TP 0.9398
TP 0.9428
TP 0.9478
SL 0.9308
TP 0.9398
TP 0.9428
TP 0.9478
Forwarded from Forex VIP📊
BTCUSD BUY ENTRY 96900.00
SL 96200.00
TP 97100.00
TP 97400.00
TP 97900.00
SL 96200.00
TP 97100.00
TP 97400.00
TP 97900.00
Forex expects volatility ahead of Powell's statement — the dollar recovers
The USDJPY pair rose ahead of the Fed's decision, partially recovering losses incurred on Friday.
Investors are expecting not so much a rate hold as hints from Powell about a future rate cut.
A dovish tone could weaken the dollar, while a hawkish one could boost demand and trigger growth.
Markets are bracing for a surge in volatility regardless of the final message
The USDJPY pair rose ahead of the Fed's decision, partially recovering losses incurred on Friday.
Investors are expecting not so much a rate hold as hints from Powell about a future rate cut.
A dovish tone could weaken the dollar, while a hawkish one could boost demand and trigger growth.
Markets are bracing for a surge in volatility regardless of the final message
XAUUSD buy 3388
TP 1 3390
TP 2 3391
TP 3 3392
TP 4 3410
SL @ 3372
NO FINANCIAL ADVICE
TP 1 3390
TP 2 3391
TP 3 3392
TP 4 3410
SL @ 3372
NO FINANCIAL ADVICE