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  • Remarks by Fed officials results in U.S. dollar surge and a strong drop in gold

    From kitco.com

    Recent comments by multiple officials of the Federal Reserve have forced overly optimistic analysts and market participants to have a more realistic viewpoint of the timing and depth of interest rate cuts this year. In a speech today at the Brookings Institution, one of the Fed’s twelve voting members, Governor Christopher Waller, reinforced what Chairman Powell said at his press conference in December. His statements spoke to counter the overly optimistic anticipation by many market participants saying that while interest rate cuts are likely this year, the central bank can take its time relaxing monetary policy. ... (full story)

yesterday usa data high impact really bad, but why usd strong today ?
Quoting BaliBoyz80
yesterday usa data high impact really bad, but why usd strong today ?
check the chart lol. news means very little. chart work over all.
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Actually, if you look at the weekly chart of DXY, I see the pattern where DXY will dive to 95-90. This USD strength is short-term, however long-term it should plummet.

Fed is done. Fed did an overkill on inflation and US consumer and US economy. Same is true for other economies. It's done...
Quoting blaseit28
{quote} check the chart lol. news means very little. chart work over all.
Ah ha, the trillions of dollars moving around every day dont move around because of your 5 minutes engulfing candle. The big moneyflow because of fundamentals.
Quoting Banditten
{quote} Ah ha, the trillions of dollars moving around every day dont move around because of your 5 minutes engulfing candle. The big moneyflow because of fundamentals.
LOL 5 min candles? what is this ? a YouTube channel? I don't go lower than the 1hr timeframe and If I do it's only for an entry. looking at the 2W timeframe the trend is clear cut for the dxy. stick to your fundamentals lol. they're the main source of manipulation my friend.
The sudden breakout of DXY after having lots of rates cuts expectation was astonishing for me. I am not ready as it seems like dxy will pull back. Today GBPUSD was a good mover .
Quoting blaseit28
{quote} LOL 5 min candles? what is this ? a YouTube channel? I don't go lower than the 1hr timeframe and If I do it's only for an entry. looking at the 2W timeframe the trend is clear cut for the dxy. stick to your fundamentals lol. they're the main source of manipulation my friend.
Ok I will tell to my wingman who has USD 100B under management. There would be no movement if it wasnt for fundamentals. But hey, you trade your system and I trade mine. Beauty of it = we can all make money.
Quoting Banditten
{quote} Ok I will tell to my wingman who has USD 100B under management. There would be no movement if it wasnt for fundamentals. But hey, you trade your system and I trade mine. Beauty of it = we can all make money.
surely we all can. however, more times than not the "fundamentals" are wrong more than the chart is.
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