AUDUSD || Update
Big Moves in Crypto!
Bitcoin Eyes $70,000! BTC pumps 10% this week as US elections heat up. Will it hit new all-time highs?
Yen Traders Brace Themselves!
USD/JPY Hits 150 as Bank of Japan Holds Interest Rates. Big swings ahead for currency traders. What will happen next?
Yet more highs for Gold, Silver rises to 12-year High
Key Points
This week, US leading Indicators, BOC on Wednesday, Eurozone, The UK, and the US PMI’s with Germany’s IFO.
Strong US data provides Dollar Strength, and fresh data will further indicate the strength of the Dollar. Wage Salary growth was 6.3% y/y in August. Q3 GDP is unchanged at 3.4%
Over 90% of betters say analyze that the Fed will cut interest rates by 25bps in November. The US election is also a factor
Technicals
Bears cause a 4.16% move lower towards key support formed on Sept, 2024. This move which retraced to the key level at 0.67[previous post stated a possible retracement towards 0.685/0.68].
Currently, further downside MAY continue as key support levels below 0.662 and 0.656 MAY provide break and retest opportunities to short the pair
Alternatively, a break and retest of resistance levels below at 0.67/0.675 MAY switch the direction of the market.
Key Levels
0.685
0.68
0.67
0.695
Bitcoin Eyes $70,000! BTC pumps 10% this week as US elections heat up. Will it hit new all-time highs?
Yen Traders Brace Themselves!
USD/JPY Hits 150 as Bank of Japan Holds Interest Rates. Big swings ahead for currency traders. What will happen next?
Yet more highs for Gold, Silver rises to 12-year High
Key Points
This week, US leading Indicators, BOC on Wednesday, Eurozone, The UK, and the US PMI’s with Germany’s IFO.
Strong US data provides Dollar Strength, and fresh data will further indicate the strength of the Dollar. Wage Salary growth was 6.3% y/y in August. Q3 GDP is unchanged at 3.4%
Over 90% of betters say analyze that the Fed will cut interest rates by 25bps in November. The US election is also a factor
Technicals
Bears cause a 4.16% move lower towards key support formed on Sept, 2024. This move which retraced to the key level at 0.67[previous post stated a possible retracement towards 0.685/0.68].
Currently, further downside MAY continue as key support levels below 0.662 and 0.656 MAY provide break and retest opportunities to short the pair
Alternatively, a break and retest of resistance levels below at 0.67/0.675 MAY switch the direction of the market.
Key Levels
0.685
0.68
0.67
0.695
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