Mastering Swing Trading using Market Framework

XAUUSD Trading Levels for Wednesday: 1763,1780.80,1786.70,1786.90,1776,1771.75

THE MAIN STOCK INDICES ARE REDUCED AHEAD OF THE FED MEETING
The US Producer Price Index, which shows the rate of inflation between factories, jumped to 9.6% year-over-year (9.2% was expected), the highest level since 2010. Major US stock indices are reduced ahead of the Fed's decision, while Omicron is again fueling investor worries about the imposition of restrictions in several countries. This will surely lead to a drop in business activity as well as a delayed labor market recovery and supply chain issues pushing up inflation. By market close yesterday, the Dow Jones Industrial Average (US30) decreased by 0.3%, the S&P 500 (US500) decreased by 0.75%, and the Nasdaq Composite (US100) lost 1.14%.
Analysts expect the Federal Reserve to announce an acceleration of QE program cuts today. This will allow the central bank to begin raising interest rates as early as next spring. Fed officials are expected to release a new forecast showing two or three interest rate hikes in 2022 and three or four more in 2023.
American Airlines plans to hire 18,000 people next year as it predicts a recovery in travel.
The WHO says that 77 countries have already reported cases of the Omicron variant, which is spreading faster than any other strain.
Yesterday, European stock indexes traded without a single trend. German DAX (DE30) decreased by 1.08%, French CAC 40 (FR40) decreased by 0.69%, British FTSE 100 (UK100) lost 0.18%. At the same time, Spain's IBEX 35 (ES35) added 0.67%. According to CitiBank, inflation expectations in the United Kingdom for December are 4%, while inflation will peak at 5.5% in spring 2022. November’s UK consumer price was 5.1% in annual terms (4.8% was expected). Analysts believe that the Bank of England should immediately tighten its quantitative easing program and seek to raise interest rates. Sweden saw record-high inflation. The European Central Bank (ECB) and the Bank of England will release their monetary policy decisions on December 16.
Crude oil prices continue to decline ahead of the Fed meeting and because of uncertainty in oil demand due to the Omicron option. Yesterday, the International Energy Agency (IEA) lowered oil demand estimates for the current and next year by 100 thousand barrels per day, noting that the emergence of a new strain of COVID-19 will slow but not stop the recovery in fuel demand.
Asian stock indexes are also declining as Omicron fears intensify and after China reported its first case of infection with the Omicron strain. China's industrial production increased by 3.8% in annual terms in November, while analysts had expected a 3.6% increase. However, new restrictions to combat the rise in the disease hit retail sales. China's retail sales increased by 3.9% last month compared to an increase of 4.9% in October. In Hong Kong, the government announced last weekend that those returning from the US must spend a week quarantined in a government facility. Hong Kong's Hang Seng Index (HK50) decreased by 1.09%, Australia's ASX 200 Index (AU200) decreased by 0.7%, while Japan's Nikkei 225 Stock Index (JP225) added 0.10%.

I will trade all news,once i'm around

Don't be greedy,news can wipe you out......

EURUSD: The Art of Destruction

Losses occurred,when they do I hedge them,as my turning points work very effectively most times.

THE US STOCK MARKET IS SELLING OFF AGAIN. THE BANK OF ENGLAND UNEXPECTEDLY RAISED ITS KEY INTEREST RATE
The US stock indices ended Thursday's trading in the red zone. The technology sector saw a strong sell-off, which negatively affected the entire market. The S&P 500 (US500) decreased by 0.9%, the Dow Jones (US30) decreased by 0.1%, and the Nasdaq (US100) lost 2.5%. Meanwhile, the financial sector was the best performing, as investors believe that US Treasury yields will rise in the coming months after the Fed meeting.
European stock indices, on the other hand, looked green yesterday. French CAC 40 (FR40) gained 1.12%, German DAX (DE30) added 1.03%, Spanish IBEX (ES35) increased by 1.27%, while British FTSE 100 jumped by 1.25%. The Bank of England unexpectedly raised its key rate to 0.25% from 0.1%. At the same time, the central bank left the volume of the government bond-buying program at the level of 875 billion pounds.
The main theses from the head of the Bank of England Andrew Bailey:

1. inflation could reach 6% in the coming months;
2. inflation is also on the rise due to tensions with Russia;
3. Omicron will undoubtedly have a significant impact on economic activity;
4. the labor market is currently very tight.

On Thursday, the European Central Bank raised its inflation forecasts and lowered expectations for economic growth in 2022 because of the impact of the coronavirus pandemic and supply chain problems. The ECB expectedly kept its prime rate at zero level, while the deposit rate was left at minus 0.5%. The ECB will end its PEPP program in March 2022. The ECB can also extend PEPP reinvestment until at least the end of 2024. With a high probability, investors should not expect the ECB to raise interest rates in 2022. The ECB's inflation forecasts are 2.6% (revised from 2.2%) for 2021, 3.2% (revised from 1.7%) for 2022, 1.8% (revised from 1.5%) for 2023, and 1.8% for 2024.
On Thursday, the Swiss National Bank (SNB) remained its ultra-soft monetary policy, deviating from the tightening course that a growing number of central banks are following. The SNB said its current policy, which combines the world's lowest interest rates with intervention in the foreign exchange market, remains appropriate, despite the Swiss franc's rise to six-and-a-half-year highs. As expected, Norway's central bank raised its benchmark interest rate on Thursday and predicts more hikes to follow next year.
Germany's regulator doesn't expect Nord Stream 2 to start in the 1st half of 2022.
The Turkish lira fell to another record low as Turkey's central bank cut interest rates from another 100 bps to 14%. The Turkish central bank cut its benchmark rate for the 4th consecutive quarter despite a sharp rise in inflation and the lira falling to record lows. The lira lost 51% against the dollar since the beginning of the year.
The ECB's oil price forecast: $71.8 per barrel for 2021, $77.5 per barrel for 2022, $72.3 per barrel for 2023, and $69.4 per barrel for 2024. On Thursday, oil prices increased as an indicator of consumer demand for gasoline in the US rising to a record high. Also, the price increase affects a sharp decline in crude oil reserves, which was published on Wednesday.
Stock markets in the Asia-Pacific region ended Thursday trading on the green territory, except for the Australian stock index. Hong Kong's Hang Seng (HK50) increased by 0.2%, Japan's Nikkei index (JP225) added 2.1%. Australia's S&P/ASX 200 (AU200) decreased by 0.4%. Japan has seen a significant increase in exports. It was driven by strong demand from Japanese companies ahead of the holiday season and some easing of supply chain problems.
Stock markets in the Asia-Pacific region ended Thursday trading on the green territory, except for the Australian stock index. Hong Kong's Hang Seng (HK50) increased by 0.2%, Japan's Nikkei index (JP225) added 2.1%. Australia's S&P/ASX 200 (AU200) decreased by 0.4%. Japan has seen a significant increase in exports. It was driven by strong demand from Japanese companies ahead of the holiday season and some easing of supply chain problems.
The Bank of Japan made no changes to its ultra-soft monetary policy as it monitors the impact of a new variant of the Omicron coronavirus. At the same time, the Bank of Japan decided to cut its funding support program due to the effects of COVID-19 as financing conditions for large companies improve. The interest rate remained unchanged.

You have to know when to stop trading,that is why I use ADR calculations

Thanks to Zoeb,he did a great job here.

XAUUSD Trading Levels for Monday: 1768.90, 1765.93,1789.67,1797.30,1800.12,1809.23

XAUUSD 1802.50 - 1800 - selling pressure

THE DOLLAR INDEX IS RISING AMID THE FED'S STATEMENTS ABOUT THE IMMINENT INCREASE IN INTEREST RATES
Last week, investors were focused on the decision of the central banks in the United States, Great Britain, Switzerland, Japan, the Eurozone, and closely watched inflation data in European countries, Great Britain, and Canada. Following Wednesday's FOMC meeting, the US Federal Reserve doubled the pace of reducing the quantitative easing program to $30 billion a month. At the same time, Fed officials forecast 3 rate hikes in 2022 and 3 rate hikes in 2023. On Thursday, the Bank of England unexpectedly raised its key rate to 0.25% from 0.1%. At the same time, the central bank has left the volume of the program of state bond purchase at the level of 875 billion pounds.
The European Central Bank left monetary policy unchanged but raised its inflation forecasts and lowered expectations for economic growth in 2022 because of the Omicron option. The Swiss National Bank (SNB) stayed true to its ultra-soft monetary policy, deviating from its tightening course. As for inflation, the consumer price index and the producer price index broke records in nearly all countries.
It is not surprising that more and more central banks are turning to more aggressive measures to fight inflation, from cutting stimulus programs to raising interest rates. Federal Reserve officials said on Friday that the first interest-rate hike could come as soon as March. Investors began shifting their portfolios back to the "cash," which led to an increase in the dollar index and a decrease in the stock indices quotes.
The US stock market closed in the red area on Friday. The Financial sector fell by 2% as 10-year yields fell below 1.4% due to concerns about the impact of the Omicron strain. The Dow Jones index (US30) decreased by 1.48% (-1.65% for the week), the S&P 500 index (US500) decreased by 1.03% (-1.90% for the week), and the NASDAQ technology index (US100) lost 0.07% and became the leader of the fall for the week (-2.89%) among US indices.
A Goldman Sachs study found that the US stock market has grown very disproportionately over the past year. The giants TSLA, NVDA, GOOGL, MSFT, and AAPL showed 35% growth in the S&P 500 index. And if you look at April, they gave a total of 50%. FB and AMZN increased slightly, and the remaining 493 companies in the index traded within +-2% over the past year.
At the end of each year, the largest investment companies evaluate the prospects for markets and give forecasts for the main stock indices. JPMorgan Chase Bank predicts growth in the US stock market next year. Analysts expect the rise of the S&P 500 index (US500) to 5050 points. The potential growth from current levels is about 8%. The chief strategist of Goldman Sachs, David Kostin, expects that by the end of 2022, the S&P 500 (US500) index will rise to 5100 points (+9%) due to the continued growth of corporate earnings. Morgan Stanley expects the S&P 500 (US500) index to decline to 4,400 points over the next 12 months.
Pharmaceutical company Pfizer expects sales of the Covid-19 vaccine to be about $31 billion in 2022.
The World Health Organization said a variant of the Omicron coronavirus had been detected in 89 countries. According to the study, the probability of re-infection with Omicron is five times higher than that of the Delta. Scientists predict that Omicron will lead to record hospitalizations and tremendous strain on health care systems in all countries.
European stock indexes were traded without a single dynamic on Friday. British FTSE 100 (UK100) gained 0.13% on Friday (-0.30% for the week), German DAX (DE40) decreased by 0.67% (-0.78% for the week), Spanish IBEX 35 (ES35) decreased by 0.82% (-0.78% for the week) and French CAC 40 (FR40) lost 1.12% and became the leader of the fall among the main European indices.
France's consumer price index increased to 2.8% in November. According to INSEE, the main reasons for the increase were energy prices, industrial goods, and services. Spain's inflation rate reached 5.5%. This is lower than forecast, but the overall picture remains the same: inflation is at its highest level in 29 years and is rising faster than wages. Germany's statistical data showed that producer price inflation reached its highest level since 1951 at 19.2%.
Consumer prices in the Eurozone remained at a 4.9% level. Omicron strain infections continue to rise in the UK. The Netherlands imposed a lockdown until January 16 due to an increase in Omicron cases: stores, bars, restaurants, and other public places of prime necessity will be closed from December 19.
The EU has extended sanctions against Russia for six months.
Asian markets mostly traded in negative territory on Friday. Japan's Nikkei 225 (JP225) decreased by 1.79% (-0.56% for the week), Hong Kong's Hang Seng (HK50) decreased by 1.20% (-4.33% for the week), and Australia's S&P/ASX 200 (AU200) added 0.11% (-0.67% for the week). China's central bank cut its benchmark interest rate for the first time since the pandemic. The People's Bank of China cut the one-year lending rate to 3.8% from 3.85%. The five-year lending rate remained unchanged from the previous month at 4.65%. In China, domestic gasoline and diesel prices have been lowered since December 18.
At the commodities market, futures on orange juice (+9.03%), timber (+1.85%), and palladium (+1.5%) showed the biggest gains by the end of the week. Futures on natural gas (-6.52%), Brent oil (-3.03%), sugar (-2.94%), and WTI crude oil (-2.13%) showed the biggest drop.
Oil prices fell again last week, and gold closed above $1,800 a troy ounce for the first time in a month. The decline in oil prices has been attributed to Omicron fears, leading to a drop in fuel demand and last week's sharp drop in crude inventories. Gold ended the week with 1.1% growth, its highest weekly gain since early November. The rise in gold came after the Federal Reserve announced its heightened concern over inflation in the US and began cutting the QE program more quickly while scheduling several interest rate hikes next year. On the one hand, this should, on the contrary, have led to a decline in gold prices. But because of high inflation and low prices for the "yellow metal," investors began to buy gold again as a hedge against inflation.

2 Trades today on XAUUSD,from Friday's close we knew this monster was heading lower,previous highs unbreakable until i am wrong

Keep safe and happy trading,plot the prices i posted earlier,price action adapts well :-) always does

XAUUSD Trading Levels/Prices for Tuesday: 1797.30,1790,1800,1809.25,1796,1791.94

STOCK MARKETS ARE DECLINING DUE TO RISKS RELATED TO THE RAPID SPREAD OF THE OMICRON STRAIN
Yesterday, the US stock market started the week with all three major indices down more than 1% due to concerns over the rapid spread of the Omicron strain, which could potentially slow economic growth and intensify supply chain problems. The Dow Jones Index (US30) closed with a fall of 1.23%, the S&P 500 Index (US500) decreased by 1.14%, while the Nasdaq (US100) lost 1.24%.
There is also an alternative view on the reason the stock indices fell. The whole previous year there was a huge injection of liquidity into the stock market due to economic government stimulus. Now the Fed has begun to reduce the QE program, which means that the infusion of liquidity has begun to decrease, and it will stop completely in the spring of 2022. This means that liquidity will begin to slowly "withdraw" from the market from this moment. And together with the overestimated assessments of companies, this all leads to lower stock markets since the "inflated bubble" will "deflate" as liquidity is "withdrawn." According to a Bank of America study, there have been very large outflows from funds investing in developed market stocks this month. Such large outflows occurred during the March 2020 crash and during the December 2018 crash. Therefore, there is every reason to believe that investors should not expect significant growth in stock indices next year.
Investor sentiment was also dampened by news that Senator Joe Manchin blocked US President Joe Biden's "Build Back Better" bill.
The pharmaceutical company Moderna has provided an update on the booster dose of its 50-microgram vaccine, according to which it increases antibodies against the Omicron strain 37 times. This news may, for a while, remove fears around the new strain of coronavirus, which is positive both for stock indices and for oil quotes.
Japanese drugmaker Shionogi announced today that its pill against COVID-19 suppresses the severity of infections caused by the highly transmissible Omicron strain, inspiring optimism that an inexpensive treatment could help prevent a rise in hospitalizations. Clinical trials began in late September and are in the final phase. The company plans to apply for approval in Japan this month.
Oil prices continue to fall since the rapid spread of the Omicron virus has strengthened concerns about the outlook for energy demand. But analysts expect oil prices to rebound soon. News of the booster vaccine Moderna is also encouraging.
Stock markets in Europe are also decreased due to concerns about the rapid spread of Omicron in the region. The British FTSE 100 (UK100) decreased by 0.99%, German DAX (DE30) lost 1.88%, French CAC 40 (FR40) decreased by 0.82%, Spanish IBEX 35 (ES35) fell by 0.83%. Due to a cold snap, electricity prices in Europe increased to a record high on Monday. The Bundesbank predicts the German economy may contract this quarter due to the Omicron strain.
A 26-year-old man died in New Zealand whose death may have been caused by a Pfizer vaccine.
Asia's stock indexes declined on Monday. Hong Kong's Hang Seng Index (HK50) fell by 1.93%, it’s 27% below its peak in early February 2021. Japan's Nikkei 225 Index (JP225) lost 2.13%, and Australia's ASX 200 Index (AU200) decreased by 0.16%. In addition to a potential decline in economic activity due to the spread of the new strain, investors are also worried that Omicron could add to inflationary pressures. And if the situation reaches the point of restrictions at seaports, factories, and other key points for global supply chains, it could worsen the supply crisis that has already erupted.
Australia's central bank believes that the Omicron strain will not undermine the ongoing economic recovery and is preparing for early termination of the quantitative easing program if the labor market, inflation, and other economic statistics remain positive. The next meeting of the Reserve Bank of Australia will be held in February, where the question of early termination of stimulus will be considered.

Check where my profit target lies,exactly at M1 retracement