Only EURUSD

Quoting Js3mwtRc

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What a run eh! But now need to watch on details like a close above 1.1730 and this weeks open - profit taking on shorts might was the reason to this upside move and not only Powell's dovishnes. So also expect corrections and maybe change in views after data hits next week or something else is said on media at weekend. For now I have to close for the week. It was great sharing my views with all have a great weekend! {image}

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Quoting Lordhosios

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A quick question guys. if the unemployment claims next week happens to be lower compared to the previous report, doesn't that reduce the chances of a rate cut? A reduced unemployment gives the Fed a bit of breathing space to focus on taming inflation? Because, unemployment seems to be the major reason for their indecision right now. Possibly next week, we might see the market in a range until after the next unemployment claims on Thursday

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Quoting halkins

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{quote} I'm pasting it as a curiosity.. :-) This is a screenshot at 15:00 GMT from 6E1 futures (EURUSD), real time data from CME... After a few words of J. Powell, the number contracts exchanged in the first couple of seconds hit staggering 8000!!!!! Just one minute alone!!! It must some kind of a bot or algorithms buying, as I can't imagine a human being being sooooo fckg fast clicking Good weekend everybody {image}

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Quoting halkins

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{quote} I'm pasting it as a curiosity.. :-) This is a screenshot at 15:00 GMT from 6E1 futures (EURUSD), real time data from CME... After a few words of J. Powell, the number contracts exchanged in the first couple of seconds hit staggering 8000!!!!! Just one minute alone!!! It must some kind of a bot or algorithms buying, as I can't imagine a human being being sooooo fckg fast clicking Good weekend everybody {image}

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Quoting Egbert

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{quote} You can say its algo's putting the trades, you must know where to look to trade. It was just buy orders hit by big players {image} {image} {image}

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Quoting Js3mwtRc

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The EUR/USD rose to 1.1742 and closed up for another week after the Fed's Powell turned dovish, saying that an adjustment to the policy stance, which has been restrictive until now, may be warranted. The 1.1600-1.1590 zone served as a pivot for buyers who entered immediately after the announcement. For now, 1.1700 and 1.1662 should hold, and buyers must break above the 1.1750/30 zone to reach higher toward the significant resistance at 1.1789 before the 1.1830 high. On the other hand, sellers must defend the upside resistance zone to lead the price...

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Quoting johncen

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{quote} happy weekend mate 1740 1680 key level for me on Monday, likely a pull back to 1680 1660 before another leg up and potentially testing 1780 1830 for a new high. But surely rate cut has been priced in and from Powell it is less likely a 0.50% cut but more likely a 0.25% cut. Eyes on what he says after the cut snd whether he indicates future cuts. not sure if euro has much more room to go above 1780 1830 but if we sustained above surely 1.2 has been the target for bull this year. on the flip side if bear took over 1680 and 1660 then we just...

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Quoting Js3mwtRc

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Not sure if everyone's agrees for a rate cut inside the FED for Sep.

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Quoting Js3mwtRc

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{quote} Waiting for the open as it can say a lot about especially the close of Monday candle. August is just a slow month and can take a while after this big move like it did after Nfp. Not sure if everyone's agrees for a rate cut inside the FED for Sep.

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Quoting Polimini

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{quote} Is the FED team the same since Powel took office? not like they are blameless in all that happened with the printing. Doing some flip flopping now, would just give more reasons for Trump to jump on them, and this time he would actually be right.

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Quoting Js3mwtRc

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{quote} We can't just get rid Trump but this time. Is a 0.25% Sep. cut enough to send us dollar lower? Trump really wants a more dovish Powell but he is not whining this time!

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