Author: FX
Bullish above: 124,000 / Important: bitcoin futures price! Bearish below: 127,000 Primary Bias: Range-bound / tactical fade setups Partial Targets: 126,540 – 126,255 – 125,725 – 124,430 – 124,020Bitcoin Market Context & Directional BiasBitcoin futures are currently trading around 125,395, roughly a quarter percent lower than yesterday’s close. The 50-week range high sits at 127,240, while today’s high is at 126,295. Price remains inside a broad consolidation zone, and the tradeCompass strategy favors fading extremes rather than chasing breakouts.If price rises above 127,220 and then slips below 127,000, the bearish setup activates. Conversely, a cross back above 124,000 after dipping…
The Indian Rupee (INR) wobbles around 88.90 against the US Dollar (USD) on Tuesday. The USD/INR pair extends its sideways trend for the 10th straight trading day near its all-time high of 89.10, as investors remain cautious amid ongoing trade tensions between the United States (US) and India.The US economy has been charging 50% tariffs on imports from India, close to the highest among its trading partners, as New Delhi continues to purchase Oil from Russia. Washington has criticized New Delhi for buying Russian Oil, citing that funds from India are ultimately supporting Moscow to continue the war with Ukraine.US-India…
United Microelectronics’ September revenue rise 5.2% Y/Y to NT$19.93B Source link
There is arguably no major expiries to be wary of in the day ahead, with the full list seen below.There are a couple of large ones for EUR/USD sandwiching the current spot price at 1.1650 and 1.1750 respectively. However, they may not factor all too much into play but perhaps act as bookends to price action in case of any extensions in European morning trade. The key hourly moving averages at 1.1720-23 are also helping to limit upside for now, so that will keep things more grounded amid a lack of catalysts for the time being.French political concerns might creep…
The Reserve Bank of New Zealand (RBNZ) is widely expected to cut its interest rates this week! Still, our Event Guide for RBNZ’s October Decision suggests that members could tone down their dovishness ahead of a change in central bank leadership. We may even see a sell-the-rumor, buy-the-news scenario! Here’s why NZD/JPY and NZD/CAD could offer opportunities in the event of a less dovish RBNZ event: This Article Is For Premium Members Only Become a Premium member for full website access, plus get: Ad-free experience Daily actionable short-term strategies High-impact economic event trading guides Unlimited Access access to…
The RBNZ is already widely expected to cut interest rates this October, but what if they lean even more dovish with a larger cut or confirmation of more easing to come? Our Event Guide for the RBNZ Decision points out that Governor Hawkesby mentioned that the OCR is projected to reach 2.50% by the end of the year. Here’s what I’m watching on EUR/NZD and NZD/CHF in this case. This Article Is For Premium Members Only Become a Premium member for full website access, plus get: Ad-free experience Daily actionable short-term strategies High-impact economic event trading guides…
The Japanese Yen (JPY) recovers slightly after touching a fresh low since early August against its American counterpart during the Asian session on Tuesday. Data released earlier today showed that Household Spending in Japan rose at a faster pace than expected in August. This backs the case for a further policy tightening by the Bank of Japan (BoJ) and helps limit losses for the JPY. The US Dollar (USD), on the other hand, struggles to lure buyers amid dovish Federal Reserve (Fed) expectations and contributes to capping the USD/JPY pair.Meanwhile, an unexpected result from Japan’s leadership contest sets the country…
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New Zealand’s central bank is scheduled to announce its interest rate decision this week, and expectations are pointing to another rate cut. Market participants are even more keen to find out if the RBNZ is keeping the door open for more easing moves. Here are the points to know when trading this event. This Article Is For Premium Members Only Become a Premium member for full website access, plus get: Ad-free experience Daily actionable short-term strategies High-impact economic event trading guides Unlimited Access access to MarketMilk™ Plus More! Source link