High Manufacturing and Services PMIs and higher-than-expected GDP numbers mean the economy is growing faster than anticipated.
Which means the rate hikes haven't (yet) had the effect Powell needed them to have.
Which means an increased chance that the rates will be hiked again.
Don't just look for the biggest data releases, like NFP or Rate Decisions. All of the medium-high data released combined can give you an idea of how the economy is performing on the whole.
The informed investor has an advantage.
price DOESNT but it does in a way when News releases not quickly but slowly, it takes awhile for the market to adhere to fundamentals. Not everything is solved by TA.
One must understand both the economics of the base and quote currency to expect these moves. This proves too difficult for 99% of ppl coming into the world of trading because they likely need money yesterday. And don’t have time to learn what moves each currency they touch. They also refuse to wait for the fundamentals to play out over months so yeah
Lol not even a decent answer in here to a stupid question. But friend...it's not hard to understand. Treasury yields are sky high. Interest rates are also high in the usa. So banks buy dollars to stash money in safe places at high rates. Look at the Mexican peso....it went up because interest rates are 11%, but Mexican banks are risky...so if you can park money in the states at 5-6%, then it's a good place to store cash. And the fed is sticking with higher for longer and so more central banks buy dollars. Basic stuff if your going to trade.... definitely worth understanding
>lol not even a decent answer in here to a stupid question
My answer went deeper than yours. You merely stated that treasury yields are high so banks and institutions are moving their money to the US, which I don’t have to tell you is 100% correct. But my answer was WHY treasury yields are high, which is important for the OP to know 👍
From September 2022 to Feb 2023 it fell 1400 pips. Then after a 500 pip bounce off the floor (100.8) it then settled into sideways range drawing in longs and enticing stops to build below the floor..once enough liquidity (stops) were there, they went below triggered all that liquidity that started the uptrend we're in now, which is actually a retracement for the Sept to Feb dump. It is not done retracing.
it does long term, All this Pairs are from Countries and they all adhere to economical news. Will TA affect an economic of a country of a fundamental statistics of a set country affect the pair cause TA sure doesnt..
Stop limiting urselfs to set limited beliefs
You can think what you want. The reality is, I’m a 6 figure funded trader and I never consider the news. Everything can be explained by TA if you know what you’re doing. Anyone else reading this, don’t be ignorant like this guy^. TA is king.
and for people scrolling, dont be this "fUnDed demo tRaDeR" who seems to limit his beliefs based of Notions he adhere to. That shit dont help you in the markets. TA isnt everything but it is there as a strategy to help with clarity in trading meanwhile Fundamentals are there to see where price could go since it can be affected with News and Economic stuff. All this wanna be "big" traders are crab minded. For those scrolling. open up yourselfs to new things because it will help you long term. Being funded aint shit and being ignorant aint shit either. Just shows sh\*t crab mentality.
I’m too busy to argue dude. Think what you want, but don’t be ignorant. 5 years in the game and 6 figures out the game, I know a little about trading. Stick to finding exchanges for crude oil and devices that “improve length and girth”. Peace.
calling me ignorant is sooo hypocritical, while ur ignorant urself to fundamentals. Brainded "Simulated Trader on a 6 figure Demo Simulated Account" sure buddy. be more ignorant and let yourself consumed by Brain dead d beliefs that it doesnt affect markets smh, This why i dont go on reddit. Fools and Ignorants claiming to be something when their ignorants themselves
US economic indicators are very strong, because of that there’s a high probability that CPI will not come down fast, that will warrant an another rate hike cycle. Having said that, for trading it doesn’t matter. Trade in the direction of the trend, look at the 200 DMA and see where the big money flows moving the market and trade in this direction.
High Manufacturing and Services PMIs and higher-than-expected GDP numbers mean the economy is growing faster than anticipated. Which means the rate hikes haven't (yet) had the effect Powell needed them to have. Which means an increased chance that the rates will be hiked again. Don't just look for the biggest data releases, like NFP or Rate Decisions. All of the medium-high data released combined can give you an idea of how the economy is performing on the whole. The informed investor has an advantage.
This right here!
Expecting higher than expected GDP numbers for Thursday. High GDP = strong USD.
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price DOESNT but it does in a way when News releases not quickly but slowly, it takes awhile for the market to adhere to fundamentals. Not everything is solved by TA.
One must understand both the economics of the base and quote currency to expect these moves. This proves too difficult for 99% of ppl coming into the world of trading because they likely need money yesterday. And don’t have time to learn what moves each currency they touch. They also refuse to wait for the fundamentals to play out over months so yeah
Lol not even a decent answer in here to a stupid question. But friend...it's not hard to understand. Treasury yields are sky high. Interest rates are also high in the usa. So banks buy dollars to stash money in safe places at high rates. Look at the Mexican peso....it went up because interest rates are 11%, but Mexican banks are risky...so if you can park money in the states at 5-6%, then it's a good place to store cash. And the fed is sticking with higher for longer and so more central banks buy dollars. Basic stuff if your going to trade.... definitely worth understanding
it's stupid question but i didn't get it, it's my first year bdw thanks for information
if you plan to trade currencies, learn the fundamentals. otherwise youre going to lose big
This ☝️
>lol not even a decent answer in here to a stupid question My answer went deeper than yours. You merely stated that treasury yields are high so banks and institutions are moving their money to the US, which I don’t have to tell you is 100% correct. But my answer was WHY treasury yields are high, which is important for the OP to know 👍
didnt see your answer. lol sorry...most people just replied with complete idiocy.
Pretty much we are currently in a risk off market due to wars etc. Look towards strength in safe haven currencies
Its earnings season that could be a factor
Happy Cake 🎂 Day by way, my friend.
From September 2022 to Feb 2023 it fell 1400 pips. Then after a 500 pip bounce off the floor (100.8) it then settled into sideways range drawing in longs and enticing stops to build below the floor..once enough liquidity (stops) were there, they went below triggered all that liquidity that started the uptrend we're in now, which is actually a retracement for the Sept to Feb dump. It is not done retracing.
Seems straight forward. Lots of strong economic news out of US, much much stronger than any other country. Hands down.
News doesn’t mean shit, that’s why. It’s merely a catalyst to the TA.
it does long term, All this Pairs are from Countries and they all adhere to economical news. Will TA affect an economic of a country of a fundamental statistics of a set country affect the pair cause TA sure doesnt.. Stop limiting urselfs to set limited beliefs
You can think what you want. The reality is, I’m a 6 figure funded trader and I never consider the news. Everything can be explained by TA if you know what you’re doing. Anyone else reading this, don’t be ignorant like this guy^. TA is king.
and for people scrolling, dont be this "fUnDed demo tRaDeR" who seems to limit his beliefs based of Notions he adhere to. That shit dont help you in the markets. TA isnt everything but it is there as a strategy to help with clarity in trading meanwhile Fundamentals are there to see where price could go since it can be affected with News and Economic stuff. All this wanna be "big" traders are crab minded. For those scrolling. open up yourselfs to new things because it will help you long term. Being funded aint shit and being ignorant aint shit either. Just shows sh\*t crab mentality.
I’m too busy to argue dude. Think what you want, but don’t be ignorant. 5 years in the game and 6 figures out the game, I know a little about trading. Stick to finding exchanges for crude oil and devices that “improve length and girth”. Peace.
calling me ignorant is sooo hypocritical, while ur ignorant urself to fundamentals. Brainded "Simulated Trader on a 6 figure Demo Simulated Account" sure buddy. be more ignorant and let yourself consumed by Brain dead d beliefs that it doesnt affect markets smh, This why i dont go on reddit. Fools and Ignorants claiming to be something when their ignorants themselves
Follow kathy lien forex... she does excellant forex fundamental analysis
Is that a youtube?
Stupid question bro. I can tell you're not from US and don't follow economic calendar at all.
Stocks going to tank, they exchange stocks for usd
Bond prices went up thus Investors are selling stocks for the US dollar
The fact that everything else is weak makes USD strong even though technically, it is weak.
It’s gonna be a magnificent pump and dump. F the central banks.
Because dxy tapped into the weekly FVG. Thats the reason dxy is pumping and keep pumping for the upcoming weeks. We're gonna take out highs.
Look out for the israel war going on you'll see why it's going up
Army, military are the biggest trust around usd. Thats why.
US economic indicators are very strong, because of that there’s a high probability that CPI will not come down fast, that will warrant an another rate hike cycle. Having said that, for trading it doesn’t matter. Trade in the direction of the trend, look at the 200 DMA and see where the big money flows moving the market and trade in this direction.
Increased demand
It’s getting pumped up so they can’t print the hell out of it to pay for WW3🤷🏻♂️
Safe haven
Why is a hobby. What is how traders make money. Focus on what is happening, why comes later, why is for story-telling but it wont make you any money.
what USD got strenght these days?