#Market Analysis of EURUSD

[elliottwavemonitor]

GOLD & GBPJPY

[feedyourmind1031]

 Economic Overview: Key Market Developments

Critical Update

Sudden market shifts may occur due to significant events. Monitor trading positions and implement risk management strategies during these uncertain times.

Economic Overview

As we enter a new quarter, the market faces numerous challenges. Rising war tensions, de-dollarization efforts, and upcoming elections in the U.S., France, and Iran contribute to the uncertainty. Here’s a detailed analysis of these developments and their potential impacts.

Currency Shifts

Russia’s move to use the Chinese Yuan for international trade and the increase in gold reserves by central banks are noteworthy. While the Yuan may not replace the U.S. Dollar soon, these actions indicate strategic shifts. Gold purchases serve as a hedge against potential currency volatility.

Geopolitical Conflicts

Middle East: The conflict between Israel and Hezbollah in Lebanon has intensified, with Iran warning of severe retaliation if Lebanon is attacked. Daily strikes continue, and countries like the U.S. and Germany have advised their citizens to leave Lebanon.

South China Sea: On June 19, 2024, Chinese coast guard officers attacked Philippine military personnel near the Second Thomas Shoal, escalating tensions. The U.S. has reaffirmed its defense treaty with the Philippines, which could lead to military involvement if violence escalates.

Korean Peninsula: North and South Korea are on edge, with Russia signing a defense treaty with North Korea. Border incidents and threats over South Korea’s potential troop deployment to Ukraine have heightened tensions.

Nuclear Brinkmanship: France and Russia’s nuclear brinkmanship is a significant risk, with both countries attempting to establish deterrent boundaries.

Economic and Market Effects

These conflicts could alter monetary power dynamics and supply chains. Expect increased oil demand and gold purchases as safe-haven assets. Silver demand will also rise due to its military applications.

Diplomatic Relations

Zimbabwe and Zambia: Tensions are high as Zimbabwe aligns more closely with Russia, accusing the U.S. of militarizing Zambia.

Election Updates

Iran: Presidential elections are nearing completion as candidates drop out.

France: The first stage of snap parliamentary elections is complete.

U.S.: The first debate between Biden and Trump was contentious, adding to the uncertainty of the upcoming election.

Natural Disaster Considerations

While not detailed here, it’s crucial to consider the impact of natural disasters on economic activities and implement strong risk management.

Key Market Data and Analysis

Final GDP: Increased from 1.3% to 1.4%.

Unemployment: Fell by 3k more than forecasted, indicating a stronger U.S. economy.

Core PCE: Decreased from 0.3% to 0.1%.

Consumer Confidence: Fell but remained above forecasted numbers.

Housing Market: New home sales dropped significantly, while pending home sales improved slightly but missed expectations.

GOLD

Gold prices remain within a range, with resistance at 2431.705 and support at 2295.536. A bullish trend is expected despite fluctuations.

SILVER

Silver prices showed growth, reaching 29.900 before settling at 29.018. Resistance is expected at 29.900, but an overall upward trend is anticipated.

DXY (Dollar Index)

The dollar index showed growth but may face weakness with the anticipated September rate cut. A bearish outlook is expected.

GBPUSD

The pound remains within a range. With potential rate cuts in both the U.K. and the U.S., significant price changes are unlikely in the near term.

AUDUSD

The Aussie dollar shows upward momentum but needs to break above 0.67142 to confirm this trend. Analysts predict rate cuts only in late 2025, potentially benefiting the currency.

NZDUSD

Similar to the Aussie dollar, the New Zealand dollar shows growth and may benefit from delayed rate cuts until late 2025.

EURUSD

The ECB’s cautious rate cut approach has weakened the Euro. Further cuts are expected but at a slower pace, indicating potential continued weakness.

USDJPY

Despite interventions, the USDJPY continues to grow. Watch for further interventions and economic data to gauge future movements.

USDCHF

The Swiss Franc fell after recent rate cuts. Further rate cuts are uncertain, making the USDCHF volatile.

USDCAD

The CAD showed weakness against the dollar, with analysts predicting further rate cuts. Price consolidation is expected as we await more data.

Stay informed and practice diligent risk management as we navigate these challenging market conditions. More updates to come.

[starseedfxofficial]

Unlocking Hidden Opportunities: A Guide to Multi-Timeframe Analysis with EURUSD In the world of Forex, traders are often in pursuit of the elusive "holy grail" strategy—something that guarantees profits without risks. Well, spoiler alert: it doesn’t exist. But there are ways to give yourself a better chance of success, and one of those is multi-timeframe analysis. Especially when dealing with a popular pair like EURUSD, leveraging multiple timeframes can make the difference between a successful trade and a classic "facepalm" moment. Grab a cup of coffee, sit back, and let’s explore the lesser-known secrets of mastering multi-timeframe analysis. And yes, we promise there won’t be any charts that look like kindergarten finger paintings. Step Away from the Microscope: The Big Picture Perspective Most traders make the mistake of staring too long at the 5-minute chart, hoping to catch every tick as if it were some treasure hunt. Let’s be real—when you’re zoomed in on that level, even a small twitch in the market can feel like a major earthquake. Imagine this: you're planning a road trip, but you’re only looking at a map of a single street. Doesn’t make sense, right? The same concept applies to Forex trading. Multi-timeframe analysis begins with stepping back to look at the big picture—analyzing daily, weekly, and even monthly trends before zooming in. So, take a breath and start with the higher timeframes. The daily and weekly charts give you context—sort of like your parents giving you "the talk" about life. Understand the major trends, identify key support and resistance levels, and get a feel for where the market is heading in the grand scheme of things. Only then should you dive into the lower timeframes. The Three-Step Multi-Timeframe Magic Trick Now, let’s break down multi-timeframe analysis into three simple steps—because who doesn’t love a good three-step magic trick? It’s like sawing a lady in half, except the only thing getting sliced is your bad trading habits. - Identify the Trend on a Higher Timeframe: Start with the weekly chart. Determine whether EURUSD is in an uptrend, downtrend, or range-bound. This gives you a clear direction. Think of it as understanding the weather forecast—if you know it’s going to rain, you’ll carry an umbrella (or at least mentally prepare for wet socks). - Refine on the Daily Chart: Zoom into the daily chart. This is where you refine your understanding of the trend. Look for support and resistance levels that align with your weekly analysis. Essentially, you’re looking for confirmation—like making sure that Tinder date actually looks like their profile picture. - Execute on the Lower Timeframe: Finally, move to the 4-hour or 1-hour chart to find an entry. You’ve done the hard work, you know the trend, and now it’s all about precision. Here’s where you look for candlestick patterns, moving averages, or other indicators to find the optimal point to enter the trade. Common Pitfalls—And How to Avoid Them Multi-timeframe analysis can sound great in theory, but let’s be real—there are traps. Here’s a common one: analysis paralysis. It’s when you get so caught up looking at every timeframe that you forget the market doesn’t actually care about your perfect Fibonacci retracement setup. It just moves. The trick is to make a decision, set your stop loss, and let the trade run its course. Trust your analysis and accept that not every trade will work out. Another pitfall is contradictory signals across different timeframes. For instance, the weekly chart might show an uptrend, while the daily is screaming downtrend. It’s like getting into an argument with your GPS—“Turn left!” “No, go straight!” In these scenarios, patience is key. Wait for the signals to align before jumping in, or use smaller positions if you decide to trade against the higher timeframe trend. Elite Tactics for the Pros If you’ve been around the Forex block a few times, you know that everyone talks about "patience" and "discipline." Sure, those are important, but let’s talk about some advanced tricks for multi-timeframe analysis. One such tactic is using moving averages on multiple timeframes to gauge market strength. If the 50-period moving average on the daily chart aligns with the 200-period moving average on the 4-hour chart, you’ve got yourself a solid confluence signal—almost like seeing a double rainbow. You know it’s special. Another advanced move? Pay attention to divergence on higher timeframes, like the daily or weekly, and then use that knowledge to guide your entries on smaller timeframes. Divergence can act as an early warning system, much like the sound of the ice cream truck—you know something good is coming your way (unless it’s the wrong trend, then it’s just an empty promise). Case Study: EURUSD’s 2023 Shake-Up Let’s look at EURUSD during 2023, where it made significant moves post-ECB announcements. Traders using only lower timeframes were caught off guard by sudden reversals, while those practicing multi-timeframe analysis had context—they saw the bigger picture of monetary policy shifts. By combining weekly chart insights with the daily and 4-hour charts, they managed to enter and exit trades with precision, capitalizing on what seemed like unpredictable swings to the untrained eye. The Market Rewards the Patient—And the Prepared Multi-timeframe analysis isn’t just a buzzword; it’s the backbone of making informed decisions. By seeing the forest and the trees, you gain insights that most traders overlook. So, next time you find yourself staring at the 15-minute chart wondering why your stop loss got hit, take a step back. Re-evaluate, plan your trades from a higher perspective, and remember: the market rewards those who are both patient and prepared. Oh, and if you want more exclusive tips like these, check out our Forex Education or consider joining our community for daily analysis, live insights, and a bunch of other cool stuff. You’re just a click away from the inside scoop on mastering the art of Forex trading. —————– Image Credits: Cover image at the top is AI-generated Read the full article

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Strengthening Forex Trading Approaches in a Volatile Market

Geopolitical and Economic Drivers

As we prepare for a period marked by heightened market volatility, it is essential for traders to remain vigilant against potential lags or discrepancies in order placements, especially with the upcoming Presidential Elections expected to influence the market significantly.

This week, traders can expect major data releases, including the RBA Rate Statement, U.S. ISM Services PMI, and key employment figures for the Kiwi on Wednesday. Thursday will feature the Pound’s Monetary Policy Reports and U.S. Unemployment Claims, while Friday will bring the FED’s rate cut announcement and CAD employment reports.

Record highs in net shorts on U.S. Treasury two-year note futures indicate growing expectations of price declines from both leveraged funds and non-commercial accounts, as reported last week by the Commodity Futures Trading Commission. The US10Y yield rose to 4.386% as of Saturday morning, with US30 and US500 indices trending lower ahead of the elections.

Developments in Ukraine and West Asia are set to influence price strength and market expectations, significantly affecting Oil and Metals movements this week.

Market Analysis

GOLD Gold is maintaining a bullish outlook, with RSI and MACD indicators suggesting a continuation of upward movement. The price action shows a failure to reach previous swing lows, signaling robust bullish potential. Uncertainties around the elections and possible ceasefire in West Asia further support GOLD’s investment prospects.

SILVER Silver has breached its previous swing low, indicating a shift from buying to selling momentum. Current chart conditions point to a potential shift, with RSI and MACD suggesting a bullish run. The price currently hovers at a key support level of 32.518, aligning with a favorable outlook supported by fundamental factors.

DXY The Dollar has weakened ahead of the elections and the FED’s expected rate cuts, breaking its previous swing low and exhibiting bearish momentum according to MACD and RSI indicators. Further selling pressure is likely as the market opened with a gap and 10-Year Yields continue to rise.

GBPUSD The Pound has rebounded following a gap due to Dollar weakness, but price action has yet to confirm a momentum shift. The MACD and RSI indicate a recent rise after crossing from oversold levels. A breakout above the previous swing high at 1.29966 could signal a bullish trend, particularly with the upcoming FED rate cut announcement.

AUDUSD The Aussie Dollar has shifted to bullish momentum after breaking the previous swing high. Both MACD cross and RSI divergence indicate continued bullish potential following the Dollar's weakness. However, a correction may occur before any significant rise due to gaps in order placement, with current price movements suggesting increased buying potential.

NZDUSD The Kiwi has not yet breached its previous swing high. The MACD cross upward and RSI show divergence favoring a buying movement, although recent gaps suggest a fill-in order similar to the AUD. Current price action does not yet indicate a market shift, as the previous swing high remains unbroken.

EURUSD The Euro continues to follow expected trends with ongoing buying momentum, driven by decreased rate-cut expectations for the December ECB meeting. RSI divergence and MACD’s recent cross further support this bullish trend.

USDJPY The Yen regained strength amidst Dollar weakness, with MACD crossing and RSI divergence signaling recovery. Current market conditions suggest continued short-term Dollar selling until Friday’s announcements.

USDCHF The Franc shows sustained consolidation. Recent price moves indicate a continuation to the downside, supported by the RSI and MACD, although confirmation awaits a break below the previous swing low.

USDCAD The CAD has followed previous expectations in recent trading. The market opened with bearish momentum, as evidenced by the MACD cross and RSI divergence. Provided the price remains above the prior swing low, buying momentum may persist, reinforced by steady oil prices amid rising geopolitical tensions.

Strengthening Forex Trading Methods for Volatility

In an environment characterized by heightened market volatility, employing robust forex trading methods is essential. Utilizing forex scalping strategies can help traders capitalize on short-term price movements.

A solid understanding of forex market trends and the use of reliable forex signal trading tools are crucial for informed decision-making. Effective risk management measures can mitigate potential losses, enhancing overall trading performance. By remaining informed and adopting effective strategies, traders can successfully navigate unpredictable market conditions.

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[bibbi2112]

Is it worth investing in EUR/USD?

Investing in the EUR/USD currency pair is indeed one of the most attractive options, and for good reason. I have repeatedly drawn attention to this pair because it combines the euro and the US dollar, two of the most influential currencies that literally set the tone for the entire global economy. But it is important to remember that although the potential here is enormous, such investment always involves risk. To minimize it, you should pay attention to technical analysis. This tool has helped me a lot in making decisions. Professional traders actively use it to predict changes in the EUR/USD price. If you are familiar with the basics of technical analysis, it will greatly improve your ability to assess risks and find the right moment to enter the market. I recommend looking at detailed forecasts and analytics from professionals - in particular, at https://roboforex.com/beginners/analytics/forex-forecast/currencies/eurusd-forecast-and-prediction/

And, of course, it is important to consider your investment goals and risk tolerance. EUR/USD is suitable for both long-term and shorter-term strategies. If you are just starting out, I advise you to start with small volumes and gradually increase your investments when you feel more confident.

Remember, investing in EUR/USD can be very profitable, but it requires a clear plan and strategy. My own experience suggests that keeping abreast of market news and relying on professional analytics is the basis for successful trading.

[smartfx]

Daily Market Analysis | Smartfx

EURUSD

Bias:Bearish

We look to Sell at 1.1025 with target prices of 1.0944 and 1.0910, and a stop price of 1.1065

Confidence: 40%

Technical Analysis

After strong selling pressure at the start of the week the pair consolidated yesterday with little net change and all price action within the lower half of the previous day's range. Levels close to the 61.8% pullback level of 1.0944 found buyers. There is no clear indication that the downward move is coming to an end. There is scope for mild buying at the open but gains should be limited. The medium term bias is neutral.

Resistance 1

1.1025

Resistance 2

1.1075

Resistance 3

1.1209

Support 1

1.0944

Support 2

1.0896

Support 3

1.0778

GBPUSD

Bias:Bullish

We look to Buy at 1.3040 with target prices of 1.3240 and 1.3300, and a stop price of 1.2990

Confidence: 60%

Technical Analysis

The primary trend remains bullish. The previous swing low is located at 1.3000. We look for a temporary move lower. Preferred trade is to buy on dips. Bespoke support is located at 1.3040.

Resistance 1

1.3170

Resistance 2

1.3240

Resistance 3

1.3300

Support 1

1.3040

Support 2

1.2990

Support 3

1.2960

EURCHF

Bias:Bearish

We look to Sell at 0.9430 with target prices of 0.9335 and 0.9305, and a stop price of 0.9455

Confidence: 60%

Technical Analysis

Trading has been mixed and volatile. We look for a temporary move higher. The hourly chart technicals suggests further upside before the downtrend returns. Preferred trade is to sell into rallies. Bespoke resistance is located at 0.9430.

Resistance 1

0.9430

Resistance 2

0.9450

Resistance 3

0.9480

Support 1

0.9370

Support 2

0.9340

Support 3

0.9310

USDJPY

Bias:Bullish

We look to Buy at 146.55 with target prices of 152.00 and 155.15, and a stop price of 145.05

Confidence: 20%

Technical Analysis

Closed the day little net changed. Buying posted in Asia. We are trading at overbought extremes. A Fibonacci confluence area is located at 155.15. Preferred trade is to buy on dips.

Resistance 1

149.00

Resistance 2

152.00

Resistance 3

155.15

Support 1

146.55

Support 2

143.55

Support 3

141.65

Gold

Bias:Bearish

We look to Sell at 2637.5 with target prices of 2592.5 and 2582.5, and a stop price of 2655.5

Confidence: 60%

Technical Analysis

Short term bias has turned negative. Previous support level of 2635 broken. Previous support at 2635 now becomes resistance. The bearish engulfing candle on the 4 hour chart is negative for sentiment. 50 4hour EMA is at 2639.8. Preferred trade is to sell into rallies.

Resistance 1

2624.3

Resistance 2

2635.0

Resistance 3

2650.0

Support 1

2604.8

Support 2

2590.0

Support 3

2570.0

WTI

Bias:Bullish

We look to Buy at 73.07 with target prices of 77.92 and 80.00, and a stop price of 71.57

Confidence: 20%

Technical Analysis

Selling pressure from 79.09 resulted in all the initial daily gains being overturned. Intraday, and we are between bespoke support and resistance 73.07-77.92. Dips continue to attract buyers. The bias remains mildly bullish but there is scope for a move in either direction at the open. The medium term bias is neutral.

Resistance 1

77.92

Resistance 2

80.00

Resistance 3

88.00

Support 1

73.51

Support 2

73.07

Support 3

67.11

Disclaimer:

This email, including any attached analyses, data, and visual content, is shared with you "as is," without any guarantees, either expressed or implied. As a third-party broker, we wish to clarify that while the information originates from sources deemed reliable, such as materials under the Signal Centre brand managed by PIA-First (an entity regulated by the FCA, license FRN 787261), we do not provide any warranty for its accuracy or completeness. Furthermore, this communication should not be interpreted as investment advice, a recommendation, or an offer to engage in securities transactions. It is crucial for recipients to conduct their own due diligence, remain informed about current market conditions, and consider seeking advice from independent financial advisors before making investment decisions. Trading involves substantial risk, including the possibility of losses exceeding your initial investment. We urge caution and recommend consulting with a professional advisor to mitigate potential losses and navigate the complexities of financial markets responsibly.

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[marcedrickirby]

Webull · Summary for Euro/USD

https://www.webullapp.com/ticker/FX-EURUSD?hl=en

MARCEDRIC KIRBY FOUNDER CEO.

MARCEDRIC.KIRBY INC.

WELCOME TO THE VALLEY OF THE VAMPIRES

[accapitalmarket]

FX outlook: A submissive USD meets alpha AUD, JPY tumbles

The US markets were closed on Monday due to Labor Day holiday. During the shortened trading day of futures, traders found that both trading volume and price fluctuations were significantly lower than average. Therefore, today we turn our attention to the forex market.

After a two-month consecutive decline, the U.S. Dollar Index (DXY) finally found a short-term bottom at the support level of 100.357 and has recently rebounded, driven by solid U.S. economic data.

In last Wednesday night's "Financial Frontline" webinar hosted by the Research Department, I once again emphasized the fundamental change in market pricing rules, which also signifies a 180-degree shift in the dollar pricing logic. Good economic data is no longer bearish because the inflation problem has become a thing of the past. Thus, solid economic growth data is no longer a reason for investors to price in continuous Fed rate hikes or to keep rates high for an extended period. On the contrary, robust economic data is the most crucial prerequisite for a soft landing of the U.S. economy.

Therefore, good data is the driving force behind the stock market's rise and the dollar's moderate rebound, and this is the pricing and analysis logic that investors must quickly adapt to.

This week's series of significant U.S. economic data will naturally be the core drivers of the forex market, the stock market, and major assets like gold: the two sets of U.S. PMI data on Tuesday and Wednesday, the import and export and trade balance data on Wednesday, the job openings report on Thursday, and most importantly, the non-farm payroll data on Friday.

From a technical analysis perspective, the dollar's rebound has caused varying degrees of pullback in non-dollar currency pairs, with the yen showing the most noticeable decline. USDJPY rebounded from the support level of 143.691 and, after breaking through the resistance level of 145.942, has now reached below 146.921.

The euro and pound exhibited similar movements, with EURUSD and GBPUSD both pulling back after consecutive rallies in recent periods. However, the downward channels and downward trendlines that emerged during the pullback have slowed significantly. Traders can look for short-term breakout opportunities using the key levels in the charts below, along with this week's important economic data.

Among the non-dollar currency pairs, the Australian dollar remains the strongest, having recently shown the most significant gains. AUDUSD recorded a 7% rebound within a month and briefly broke through the 0.68 mark, but it has since pulled back to a certain extent. However, it still remains above the support level of 0.67535, forming a range-bound movement between this level and the upper resistance level of 0.67971. Traders should pay attention to the Australian export data to be released at 11:30 AM (Beijing time 09:30) this morning.

If the data exceeds expectations, the Australian dollar could gain more upward momentum.

Disclaimer:

The information contained in this market commentary is of general nature only and does not take into account your objectives, financial situation or needs. You are strongly recommended to seek independent financial advice before making any investment decisions.

Trading margin forex and CFDs carries a high level of risk and may not be suitable for all investors. Investors could experience losses in excess of total deposits. You do not have ownership of the underlying assets. AC Capital Market (V) Ltd is the product issuer and distributor. Please read and consider our Product Disclosure Statement and Terms and Conditions, and fully understand the risks involved before deciding to acquire any of the financial products provided by us.

The content of this market commentary is owned by AC Capital Market (V) Ltd. Any illegal reproduction of this content will result in immediate legal action.

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Trade GPT App: A Premier Trading Solution for Canada

Discover the power of automated trading with Trade GPT App, a top-tier trading solution now making waves in Canada. This innovative trading bot has been meticulously designed to meet the needs of both novice and experienced traders, offering unparalleled efficiency and performance.

One of the standout features of Trade GPT App is its ability to adapt to market conditions. By leveraging advanced algorithms and real-time data analysis, this app ensures that your trading strategies are always optimized. Whether you are trading forex, stocks, or cryptocurrencies, Trade GPT App delivers consistent results.

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The Trade GPT App is optimized for trading on the EURUSD pair using the M1 timeframe. With a recommended minimum trading capital of just $300, it is accessible to a wide range of traders. The app's settings allow for precise control over risk management, lot sizes, and stop-loss levels, ensuring that you can tailor your trading experience to your individual needs.

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In conclusion, Trade GPT App is an exceptional trading tool that offers Canadian traders Trade GPT Investment a reliable, efficient, and transparent way to navigate the financial markets. With its advanced features, user-friendly interface, and strong security measures, Trade GPT App is poised to become a favorite among traders in Canada. Experience the future of trading with Trade GPT App and take your trading to the next level.

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Blue Space EA: Your Ticket to Passing Prop Firm and FTMO Challenges

Blue Space EA – Unique Trading Strategy Introduction Blue Space EA is an expert advisor designed for the MetaTrader 4 platform, optimized for the AUDNZD, NZDCAD, AUDCAD currency pairs and EURGBP, EURUSD, GBPUSD, USDCAD, GBPCAD, EURCAD. It leverages a sophisticated algorithm based on advanced market analysis to provide consistent trading results. Key Features 1. Versatile Strategy: – Utilizes…

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Market Insights: Current Trends and Future Projections

Critical Update

Sudden market shifts may occur due to significant events. Monitor trading positions and implement risk management strategies during these uncertain times.

Market Insights

As we enter a new quarter, the market faces numerous challenges. Rising war tensions, de-dollarization efforts, and upcoming elections in the U.S., France, and Iran contribute to the uncertainty. Here’s a detailed analysis of these developments and their potential impacts.

Currency Shifts

Russia’s move to use the Chinese Yuan for international trade and the increase in gold reserves by central banks are noteworthy. While the Yuan may not replace the U.S. Dollar soon, these actions indicate strategic shifts. Gold purchases serve as a hedge against potential currency volatility.

Geopolitical Conflicts

Middle East: The conflict between Israel and Hezbollah in Lebanon has intensified, with Iran warning of severe retaliation if Lebanon is attacked. Daily strikes continue, and countries like the U.S. and Germany have advised their citizens to leave Lebanon.

South China Sea: On June 19, 2024, Chinese coast guard officers attacked Philippine military personnel near the Second Thomas Shoal, escalating tensions. The U.S. has reaffirmed its defense treaty with the Philippines, which could lead to military involvement if violence escalates.

Korean Peninsula: North and South Korea are on edge, with Russia signing a defense treaty with North Korea. Border incidents and threats over South Korea’s potential troop deployment to Ukraine have heightened tensions.

Nuclear Brinkmanship: France and Russia’s nuclear brinkmanship is a significant risk, with both countries attempting to establish deterrent boundaries.

Economic and Market Effects

These conflicts could alter monetary power dynamics and supply chains. Expect increased oil demand and gold purchases as safe-haven assets. Silver demand will also rise due to its military applications.

Diplomatic Relations

Zimbabwe and Zambia: Tensions are high as Zimbabwe aligns more closely with Russia, accusing the U.S. of militarizing Zambia.

Election Updates

Iran: Presidential elections are nearing completion as candidates drop out.

France: The first stage of snap parliamentary elections is complete.

U.S.: The first debate between Biden and Trump was contentious, adding to the uncertainty of the upcoming election.

Natural Disaster Considerations

While not detailed here, it’s crucial to consider the impact of natural disasters on economic activities and implement strong risk management.

Key Market Data and Analysis

Final GDP: Increased from 1.3% to 1.4%.

Unemployment: Fell by 3k more than forecasted, indicating a stronger U.S. economy.

Core PCE: Decreased from 0.3% to 0.1%.

Consumer Confidence: Fell but remained above forecasted numbers.

Housing Market: New home sales dropped significantly, while pending home sales improved slightly but missed expectations.

GOLD

Gold prices remain within a range, with resistance at 2431.705 and support at 2295.536. A bullish trend is expected despite fluctuations.

SILVER

Silver prices showed growth, reaching 29.900 before settling at 29.018. Resistance is expected at 29.900, but an overall upward trend is anticipated.

DXY (Dollar Index)

The dollar index showed growth but may face weakness with the anticipated September rate cut. A bearish outlook is expected.

GBPUSD

The pound remains within a range. With potential rate cuts in both the U.K. and the U.S., significant price changes are unlikely in the near term.

AUDUSD

The Aussie dollar shows upward momentum but needs to break above 0.67142 to confirm this trend. Analysts predict rate cuts only in late 2025, potentially benefiting the currency.

NZDUSD

Similar to the Aussie dollar, the New Zealand dollar shows growth and may benefit from delayed rate cuts until late 2025.

EURUSD

The ECB’s cautious rate cut approach has weakened the Euro. Further cuts are expected but at a slower pace, indicating potential continued weakness.

USDJPY

Despite interventions, the USDJPY continues to grow. Watch for further interventions and economic data to gauge future movements.

USDCHF

The Swiss Franc fell after recent rate cuts. Further rate cuts are uncertain, making the USDCHF volatile.

USDCAD

The CAD showed weakness against the dollar, with analysts predicting further rate cuts. Price consolidation is expected as we await more data.

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Economic Overview: Key Market Developments

Critical Update

Sudden market shifts may occur due to significant events. Monitor trading positions and implement risk management strategies during these uncertain times.

Economic Overview

As we enter a new quarter, the market faces numerous challenges. Rising war tensions, de-dollarization efforts, and upcoming elections in the U.S., France, and Iran contribute to the uncertainty. Here’s a detailed analysis of these developments and their potential impacts.

Currency Shifts

Russia’s move to use the Chinese Yuan for international trade and the increase in gold reserves by central banks are noteworthy. While the Yuan may not replace the U.S. Dollar soon, these actions indicate strategic shifts. Gold purchases serve as a hedge against potential currency volatility.

Geopolitical Conflicts

Middle East: The conflict between Israel and Hezbollah in Lebanon has intensified, with Iran warning of severe retaliation if Lebanon is attacked. Daily strikes continue, and countries like the U.S. and Germany have advised their citizens to leave Lebanon.

South China Sea: On June 19, 2024, Chinese coast guard officers attacked Philippine military personnel near the Second Thomas Shoal, escalating tensions. The U.S. has reaffirmed its defense treaty with the Philippines, which could lead to military involvement if violence escalates.

Korean Peninsula: North and South Korea are on edge, with Russia signing a defense treaty with North Korea. Border incidents and threats over South Korea’s potential troop deployment to Ukraine have heightened tensions.

Nuclear Brinkmanship: France and Russia’s nuclear brinkmanship is a significant risk, with both countries attempting to establish deterrent boundaries.

Economic and Market Effects

These conflicts could alter monetary power dynamics and supply chains. Expect increased oil demand and gold purchases as safe-haven assets. Silver demand will also rise due to its military applications.

Diplomatic Relations

Zimbabwe and Zambia: Tensions are high as Zimbabwe aligns more closely with Russia, accusing the U.S. of militarizing Zambia.

Election Updates

Iran: Presidential elections are nearing completion as candidates drop out.

France: The first stage of snap parliamentary elections is complete.

U.S.: The first debate between Biden and Trump was contentious, adding to the uncertainty of the upcoming election.

Natural Disaster Considerations

While not detailed here, it’s crucial to consider the impact of natural disasters on economic activities and implement strong risk management.

Key Market Data and Analysis

Final GDP: Increased from 1.3% to 1.4%.

Unemployment: Fell by 3k more than forecasted, indicating a stronger U.S. economy.

Core PCE: Decreased from 0.3% to 0.1%.

Consumer Confidence: Fell but remained above forecasted numbers.

Housing Market: New home sales dropped significantly, while pending home sales improved slightly but missed expectations.

GOLD

Gold prices remain within a range, with resistance at 2431.705 and support at 2295.536. A bullish trend is expected despite fluctuations.

SILVER

Silver prices showed growth, reaching 29.900 before settling at 29.018. Resistance is expected at 29.900, but an overall upward trend is anticipated.

DXY (Dollar Index)

The dollar index showed growth but may face weakness with the anticipated September rate cut. A bearish outlook is expected.

GBPUSD

The pound remains within a range. With potential rate cuts in both the U.K. and the U.S., significant price changes are unlikely in the near term.

AUDUSD

The Aussie dollar shows upward momentum but needs to break above 0.67142 to confirm this trend. Analysts predict rate cuts only in late 2025, potentially benefiting the currency.

NZDUSD

Similar to the Aussie dollar, the New Zealand dollar shows growth and may benefit from delayed rate cuts until late 2025.

EURUSD

The ECB’s cautious rate cut approach has weakened the Euro. Further cuts are expected but at a slower pace, indicating potential continued weakness.

USDJPY

Despite interventions, the USDJPY continues to grow. Watch for further interventions and economic data to gauge future movements.

USDCHF

The Swiss Franc fell after recent rate cuts. Further rate cuts are uncertain, making the USDCHF volatile.

USDCAD

The CAD showed weakness against the dollar, with analysts predicting further rate cuts. Price consolidation is expected as we await more data.

Stay informed and practice diligent risk management as we navigate these challenging market conditions. More updates to come.

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How Sentiment Can Confirm EURUSD Trend Continuation Signals: Little-Known Hacks Revealed Did you ever feel like you’re getting mixed signals from the market, like trying to interpret your cat's mysterious behavior? EURUSD can sometimes be just as indecisive. But hold on tight, because today we’re diving deep into the world of sentiment analysis—the hidden sauce that can either confirm or deny your suspicions about a trend continuation. Sentiment analysis is like playing detective in the Forex world. It's your Watson to your Sherlock Holmes, offering an extra layer of insight that turns market noise into actionable clues. Most traders overlook sentiment as they rely only on price action and indicators, but the truth is, it's where you can find those hidden gems that separate amateurs from seasoned Forex wizards. Let’s dig in, and I'll show you how to leverage market sentiment to confirm EURUSD trend continuation signals—the kind of knowledge that many traders wish they knew but never talk about. The Emotional Heart of EURUSD: Sentiment Matters Here's a little-known secret: markets aren’t just cold, calculated numbers. They’re more like a high school drama—full of emotions, gossip, and cliques. Sentiment analysis allows us to tap into this "social pulse" to understand how traders are really feeling about EURUSD. When the crowd is in agreement, it's like everyone joining the conga line—the direction is usually strong and steady. Consider the Commitment of Traders (COT) report. Imagine it as the guest list for a secret party, and only those on the list know how the festivities will pan out. This weekly report from the Commodity Futures Trading Commission shows where the big players—like hedge funds and institutions—stand. If the ‘big fish’ are all-in on a bullish EURUSD position, you’ve got your confirmation for that trend continuation. If not, you’re probably better off leaving the party early. Crowd Sentiment: Know When Everyone's Over-Caffeinated It’s one thing to know what the big players are doing, but what about the broader crowd sentiment? Picture a crowd at a music festival; if everyone’s hyped up on the same headliner, that energy becomes electric. But it can also burn out fast. In trading, a sentiment indicator like the IG Client Sentiment can be an invaluable guide to gauge whether EURUSD traders are too optimistic or running scared. Here’s the thing: when the majority of retail traders are short on EURUSD, it's usually a bullish signal. Why? Retail traders tend to get it wrong (sorry, folks). The big institutions often take the opposite position, so when you see the crowd overwhelmingly betting against EURUSD, it might be time to go long. It's the classic “do the opposite of what the guy at the bar says” move—and it works more often than you think. How Sentiment Confirms Continuation Signals Imagine you're trying to judge whether a rock you threw will skip on a lake. Technical indicators give you the trajectory, but sentiment is the wind—and you need to know if that breeze is a push forward or a subtle drag. If you’re seeing a technical uptrend for EURUSD, with solid support from your moving averages and a bullish MACD crossover, sentiment analysis adds the cherry on top. Let’s say the market shows a breakout beyond a key resistance level. The RSI is in overbought territory, and a lot of traders are spooked, thinking a pullback is inevitable. But if the sentiment report still indicates optimism among institutions, that means the EURUSD party isn’t over—it’s just getting started! Sentiment becomes your confirmation, saying, “Keep riding that wave, my friend.” Why Contrarian Sentiment Can Be a Game-Changer A lot of traders are sentiment junkies, obsessing over Twitter trends, news articles, and Reddit chatter. It’s a bit like watching people panic-buy toilet paper—not necessarily rational, but insightful nonetheless. Contrarian sentiment is where the real gold is, though. When everyone and their grandma is betting on the same outcome, that’s when you want to start thinking differently. Take the recent EURUSD hype from just a couple of months ago. Everyone was bullish, right? Well, if you had read the sentiment indicators, you’d know the market was getting too excited. When there’s this much enthusiasm, it usually points to a reversal. As a savvy trader, you could have placed a strategic short and laughed your way to profits while everyone else scratched their heads, wondering what just happened. It's like the Forex equivalent of knowing when to leave a party before it gets raided. Don’t Forget the Good Old Fear & Greed Gauge Now, let me introduce you to my favorite market mood-ring—the Fear & Greed index. I like to think of it as the GPS of sentiment. When everyone is either shaking in their boots or dreaming of Lambos, this index tells you exactly where we stand. During times of high greed, everyone’s chasing profits like they’re in a reality show competition. This is usually when you should pump the brakes. In contrast, when fear grips the market, there’s a lot of money to be made by the brave. Sentiment isn’t just a secondary confirmation tool—it’s an invaluable piece of the puzzle, particularly when you’re looking to confirm a trend continuation in the EURUSD pair. Take those emotional signals, add a splash of humor (because there’s nothing like laughing through the chaos of trading), and you’re well on your way to making smarter trading decisions. Wrapping It Up: Use Sentiment to Gain the Edge In the world of trading, relying solely on technical analysis is like going into a battle without armor—you need that extra layer of protection. Sentiment analysis offers that, confirming if a trend continuation has enough backing from the market participants. When you start to understand the emotional temperature of the market, you’re no longer just a follower; you become the leader, capitalizing on the crowd’s misplaced fears or ambitions. Elite Tactics Recap - Use the Commitment of Traders (COT) report to see what the whales are up to. - Check IG Client Sentiment to gauge where the majority of retail traders are positioned (and consider doing the opposite). - Rely on the Fear & Greed Index to get a big-picture view of the market's emotional swings. - Use sentiment to confirm technical setups—particularly when you’re looking at trend continuation signals. - Remember, contrarian sentiment can often lead you to golden opportunities when others are simply following the herd. Feel the sentiment. Master the market. And maybe, just maybe, you'll end up telling a hilarious trading story someday—preferably one where you came out on top. —————– Image Credits: Cover image at the top is AI-generated Read the full article

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Adapting Forex Trading Methods for Current Market Conditions

Geopolitical and Economic Drivers

As we move into a period of increased market volatility, traders should prepare for potential lag or discrepancies in order placements due to the impending Presidential Elections, which are expected to exert significant pressure on the market.

This week brings several major data releases, including the RBA Rate Statement, U.S. ISM Services PMI, and Kiwi employment data on Wednesday. Thursday's reports will include the Pound’s Monetary Policy and U.S. Unemployment Claims, while Friday will feature the FED’s anticipated rate cut and CAD employment statistics.

Net shorts on U.S. Treasury two-year note futures reached all-time highs last week, indicating a growing expectation of price declines among both leveraged and non-commercial accounts, according to data from the Commodity Futures Trading Commission. The US10Y yield climbed to 4.386% as of Saturday morning. Moreover, US30 and US500 indices are showing downward trends ahead of the elections.

Further developments in Ukraine and West Asia will significantly impact price dynamics and market expectations, influencing Oil and Metals movements throughout the week.

Market Analysis

GOLD Gold continues to show bullish potential, with RSI and MACD indicators indicating an upward trajectory. The inability to reach previous swing lows suggests a strong bullish outlook, supported by election uncertainties and a possible ceasefire in West Asia.

SILVER Silver has shifted from buying to selling after breaching its previous swing low. Current conditions on the charts indicate a potential upward trend, with both RSI and MACD suggesting bullish potential. The price currently stands at a significant support level of 32.518, further confirming a favorable outlook.

DXY The Dollar has dipped ahead of the elections and the FED’s rate cut announcements, breaking through its previous swing low and aligning with bearish momentum per the MACD and RSI. Continued selling pressure is anticipated as markets opened with a gap, and 10-Year Yields are on the rise.

GBPUSD The Pound rebounded due to Dollar weakness, although price action has yet to confirm a clear momentum shift. The MACD and RSI indicate a recent rise after being in oversold territory. A breakout above the previous swing high at 1.29966 could signal the onset of a bullish trend, especially with the FED rate cut announcement on the horizon.

AUDUSD The Aussie Dollar has turned bullish following a break of the previous swing high. Both MACD cross and RSI divergence suggest continued bullish momentum, but a correction may occur before any substantial rise, given gaps in order placements.

NZDUSD The Kiwi has not yet broken its previous swing high. However, MACD cross and RSI show divergence that favors a buying opportunity, despite the recent gap indicating the need for a fill-in order similar to the AUD. Current price movements do not yet suggest a shift in market dynamics.

EURUSD The Euro is exhibiting continued buying momentum driven by reduced expectations for rate cuts at the upcoming ECB meeting. RSI divergence and MACD’s recent cross further affirm this bullish trend.

USDJPY The Yen regained strength against a weak Dollar, with MACD crossing and RSI divergence signaling recovery. Current market conditions suggest that short-term Dollar selling will persist until Friday's announcements.

USDCHF The Franc is undergoing consolidation, with recent price actions suggesting further downside potential, supported by the RSI and MACD indicators. Confirmation will depend on a break below the previous swing low.

USDCAD The CAD market is aligning with previous expectations, opening with bearish momentum as indicated by the MACD cross and RSI divergence. Provided that prices remain above the prior swing low, buying momentum may persist, reinforced by stable oil prices amid rising geopolitical tensions.

Enhancing Forex Trading Strategies for Volatility

In the face of increased market volatility, solid forex trading strategies are crucial. Implementing forex scalping techniques allows traders to take advantage of short-term price movements.

Understanding forex market trends and using reliable trading signal tools is essential for making informed decisions. Strong risk management practices can help limit potential losses and improve overall trading results. By staying well-informed and employing sound strategies, traders can effectively navigate the unpredictable market landscape.

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Trading in the financial markets can be both rewarding and challenging. However, using the right tools and indicators can make all the difference. From Renko Generators to advanced Expert Advisors, discover how these powerful resources can help you make well-informed trading decisions and achieve your trading goals.

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Connect with MT5 Trades to Telegram

Keep track of your trades on the go with the MT5 Trades to Telegram feature. It sends real-time notifications directly to your mobile device, ensuring you stay updated with all market movements. Whether you manage multiple accounts or trade actively, the Trades to Telegram tool is essential for traders who need immediate alerts.

Stay Ahead of Trends with Super Trend

Trend identification is crucial for successful trading, and the Super Trend indicator makes it simple. By providing clear signals for bullish and bearish trends, the SuperTrend indicator helps traders plan their trades with confidence. This versatile tool is ideal for traders who rely on trend-based strategies.

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The QQE Mod Indicator combines the power of multiple technical indicators, allowing traders to gain deeper insights into market trends. With its unique approach to identifying trend strength and reversals, the QQE Mod gives traders the tools they need to make data-driven decisions and improve their overall trading performance.

Automate Your Trading with AI Trader

For those seeking a fully automated solution, the AI Trader is a game-changer. This EA for EURUSD utilizes artificial intelligence to execute trades based on real-time data analysis. Ideal for forex traders, this EA for Forex can be used on MT4 and MT5 platforms. The EA for MT5 version offers advanced features like optimization and backtesting, ensuring your strategies are always optimized for market conditions.

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OTT Indicator: Determine trend direction with this reliable tool.

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