EUR/USD extends last week’s gains near 1.1130 as rising bets for Fed large rate cuts weigh on the US Dollar. Soft US PPI and deepening concerns over labor market outlook prompt Fed jumbo rate cut bets. *The European Central Bank cut interest rates by 25 basis points at its meeting last Thursday, as expected. *According to reliable trading platforms, currency volatility remained low. *Obviously, the euro managed to stabilize slightly against the pound sterling and the US dollar. *With the start of trading this week, the EUR/USD pair remained stable around and above the resistance of 1.1100, coinciding with the decline of the US dollar against other major currencies ahead of the US interest rate cut decision later this week. For this, no firm guidance was provided for the future by the European Central Bank, but it is widely assumed that further cuts will come towards the end of the year as economic forecasts point to weak growth and low inflation. Financial markets were relatively stable last Thursday after a volatile session on Wednesday following the release of US inflation. This sent stock markets soaring, with the S&P 500 initially falling by more than -1.5% only to reverse sharply and close 1% higher. Meanwhile, the US dollar rose slightly as the odds of a 50bp Fed cut next week fell to just 11%.

EUR/USD extends last week’s gains near 1.1130 as rising bets for Fed large rate cuts weigh on the US Dollar. Soft US PPI and deepening concerns over labor market outlook prompt Fed jumbo rate cut bets. *The European Central Bank cut interest rates by 25 basis points at its meeting last Thursday, as expected. *According to reliable trading platforms, currency volatility remained low. *Obviously, the euro managed to stabilize slightly against the pound sterling and the US dollar. *With the start of trading this week, the EUR/USD pair remained stable around and above the resistance of 1.1100, coinciding with the decline of the US dollar against other major currencies ahead of the US interest rate cut decision later this week. For this, no firm guidance was provided for the future by the European Central Bank, but it is widely assumed that further cuts will come towards the end of the year as economic forecasts point to weak growth and low inflation. Financial markets were relatively stable last Thursday after a volatile session on Wednesday following the release of US inflation. This sent stock markets soaring, with the S&P 500 initially falling by more than -1.5% only to reverse sharply and close 1% higher. Meanwhile, the US dollar rose slightly as the odds of a 50bp Fed cut next week fell to just 11%.

At the beginning of this week, the GBP/USD pair was trading around $1.3158, up by about 0.2% from the previous Friday's levels. Clearly, this was driven by a weaker US dollar despite signs of stubborn producer prices in the United States. According to economic data, the latest US Producer Price Index data came in stronger than expected, rising 0.2% in August, up from a downwardly revised flat reading in the previous month. However, growing concerns that a weak US Labor market could push the Federal Reserve into an aggressive easing cycle in the near term have undermined the US dollar's upside potential. On the other hand, the latest initial US jobless claims report rose as expected to 230,000, revealing another increase in the number of unemployed US citizens claiming unemployment benefits. The figure held above averages seen at the start of the year, reinforcing concerns about a weak US labour market in the wake of a bleak US payrolls report in August. As a result, this offset any potential shifts in the current market consensus around multiple US interest rate cuts by the Federal Reserve this year, as the spectre of a US hiring slowdown weighed on the US dollar.

At the beginning of this week, the GBP/USD pair was trading around $1.3158, up by about 0.2% from the previous Friday's levels. Clearly, this was driven by a weaker US dollar despite signs of stubborn producer prices in the United States. According to economic data, the latest US Producer Price Index data came in stronger than expected, rising 0.2% in August, up from a downwardly revised flat reading in the previous month. However, growing concerns that a weak US Labor market could push the Federal Reserve into an aggressive easing cycle in the near term have undermined the US dollar's upside potential. On the other hand, the latest initial US jobless claims report rose as expected to 230,000, revealing another increase in the number of unemployed US citizens claiming unemployment benefits. The figure held above averages seen at the start of the year, reinforcing concerns about a weak US labour market in the wake of a bleak US payrolls report in August. As a result, this offset any potential shifts in the current market consensus around multiple US interest rate cuts by the Federal Reserve this year, as the spectre of a US hiring slowdown weighed on the US dollar.

The Pound Sterling (GBP) is a moderate outperformer on the session, helped by the prospect of the BoE taking a pass at this week’s rate decision and holding off on easing rates again until later in the year, Scotiabank’s Chief FX Strategist Shaun Osborne notes. The Pound Sterling surges to near 1.3200 against the US Dollar amid upbeat market sentiment. Investors expect the BoE to leave interest rates unchanged at 5% on Thursday. Traders remain divided over the size of the Fed’s likely interest-rate cut. The Pound Sterling (GBP) jumps to near 1.3200 against the US Dollar in Monday’s North American session. The GBP/USD pair gains as investors expect that the BoE’s policy-easing cycle will be less aggressive than that of the Fed. The Fed is almost certain to begin cutting interest rates on Wednesday. However, traders remain split about whether the rate cut size will be of 25 or 50 basis points (bps). According to the CME FedWatch tool, the probability of the Fed reducing interest rates by 50 bps to 4.75%-5.00% in September has increased sharply to 61% from 30% a week ago.

The Pound Sterling (GBP) is a moderate outperformer on the session, helped by the prospect of the BoE taking a pass at this week’s rate decision and holding off on easing rates again until later in the year, Scotiabank’s Chief FX Strategist Shaun Osborne notes. The Pound Sterling surges to near 1.3200 against the US Dollar amid upbeat market sentiment. Investors expect the BoE to leave interest rates unchanged at 5% on Thursday. Traders remain divided over the size of the Fed’s likely interest-rate cut. The Pound Sterling (GBP) jumps to near 1.3200 against the US Dollar in Monday’s North American session. The GBP/USD pair gains as investors expect that the BoE’s policy-easing cycle will be less aggressive than that of the Fed. The Fed is almost certain to begin cutting interest rates on Wednesday. However, traders remain split about whether the rate cut size will be of 25 or 50 basis points (bps). According to the CME FedWatch tool, the probability of the Fed reducing interest rates by 50 bps to 4.75%-5.00% in September has increased sharply to 61% from 30% a week ago.

** KEY POINTS **** 1-Dollar hits new 2024 low against yen. 2-Bank of Japan seeks higher rates. 3-Federal Reserve seeks lower rates. Price action in the volatile dollar-yen pair rekindled enthusiasm for technical analysis with a looming battle at a long-term support zone. -USD/JPY extends its losing streak within a descending channel, suggesting a confirmed bearish bias. -The momentum indicator 14-day RSI suggests an oversold situation and a potential for an upward correction soon. -The pair tests the 14-month low at 140.25, followed by the lower boundary of the channel at the 138.50 level. The USDJPY pair continues to decline for the fifth Consecutive Day and also touched a fresh 2024 low and bounced right back up as traders reacted to something seen only on the chart. A double bottom pattern, where the price falls to a low that has previously acted as support, emerged on the daily time frame. The dollar-yen slipped on Monday to ¥140.20 — a level last used as support on December 28 — and broke slightly below it. What matters now is who will have the upper hand — the bears or the bulls? The Federal Reserve is getting ready to cut interest rates this week for the first time in about four years. Presently, the benchmark rate in the US is sitting at 5.5% but expectations point to a cut in the ballpark of 25 basis points to 50 basis points. Prepare your trades for sweeping volatility in the lead-up to Wednesday when the Fed will announce its rate cut.

** KEY POINTS **** 1-Dollar hits new 2024 low against yen. 2-Bank of Japan seeks higher rates. 3-Federal Reserve seeks lower rates. Price action in the volatile dollar-yen pair rekindled enthusiasm for technical analysis with a looming battle at a long-term support zone. -USD/JPY extends its losing streak within a descending channel, suggesting a confirmed bearish bias. -The momentum indicator 14-day RSI suggests an oversold situation and a potential for an upward correction soon. -The pair tests the 14-month low at 140.25, followed by the lower boundary of the channel at the 138.50 level. The USDJPY pair continues to decline for the fifth Consecutive Day and also touched a fresh 2024 low and bounced right back up as traders reacted to something seen only on the chart. A double bottom pattern, where the price falls to a low that has previously acted as support, emerged on the daily time frame. The dollar-yen slipped on Monday to ¥140.20 — a level last used as support on December 28 — and broke slightly below it. What matters now is who will have the upper hand — the bears or the bulls? The Federal Reserve is getting ready to cut interest rates this week for the first time in about four years. Presently, the benchmark rate in the US is sitting at 5.5% but expectations point to a cut in the ballpark of 25 basis points to 50 basis points. Prepare your trades for sweeping volatility in the lead-up to Wednesday when the Fed will announce its rate cut.

The AUD/USD currency pair was flat on Monday morning as traders continued focusing on the upcoming Federal Reserve and Reserve Bank of Australia (RBA) decisions. The pair was trading at the psychologically-important resistance point at 0.6700, higher than last week’s low of 0.6620 also The Australian Dollar appreciates due to a slight increase in the odds of a 50 basis points Fed rate cut. The Aussie Dollar receives support from the RBA’s hawkish stance. The US Dollar faces challenges as the Treasury yields decline amid uncertainty over the scale of the Fed rate cut. The Australian Dollar (AUD) inches higher against the US Dollar (USD) on Monday. The AUD/USD pair may appreciate further due to growing speculation that the US Federal Reserve will opt for a jumbo 50 basis points rate cut at this week’s monetary policy meeting. Traders are anticipating a release of Australian jobs data later this week to assess the health of the labor market and its potential impact on domestic monetary policy.

The AUD/USD currency pair was flat on Monday morning as traders continued focusing on the upcoming Federal Reserve and Reserve Bank of Australia (RBA) decisions. The pair was trading at the psychologically-important resistance point at 0.6700, higher than last week’s low of 0.6620 also The Australian Dollar appreciates due to a slight increase in the odds of a 50 basis points Fed rate cut. The Aussie Dollar receives support from the RBA’s hawkish stance. The US Dollar faces challenges as the Treasury yields decline amid uncertainty over the scale of the Fed rate cut. The Australian Dollar (AUD) inches higher against the US Dollar (USD) on Monday. The AUD/USD pair may appreciate further due to growing speculation that the US Federal Reserve will opt for a jumbo 50 basis points rate cut at this week’s monetary policy meeting. Traders are anticipating a release of Australian jobs data later this week to assess the health of the labor market and its potential impact on domestic monetary policy.

GBP/USD was flying high when the Dollar was driving-lower. The big question for next week is whether USD weakness can extend and if it can Cable is in position to shine. Among all the major FX pairs that I track, GBP/USD seemed to have one of the brighter backdrops earlier in the summer. The first test above the 1.3000 handle happened around the same time that RSI on the daily chart moved into overbought territory. The last time that either of those instances had taken place was a year prior, in July of 2023 when GBP/USD burst-above 1.3000 while RSI moved into overbought. That led into a prolonged sell-off that ran into October of that year. The GBP/USD pair is edging higher toward 1.3150, supported by an improving risk mood reflected by rising US stock indexes. The GBP/USD exchange Rate went into this weekend near the 1.31218 ratio, on Friday the high for the currency pair challenged the 1.31570 vicinity before reversing slightly lower. Trading in the GBP/USD last week was full of volatile reversals and since the last week of August the currency pair has proven difficult for traders looking to latch onto a trend and ride momentum. The GBP/USD has produced many reversals and its price realm between 1.30000 and 1.32000 has proven a rather fast playing ground.

GBP/USD was flying high when the Dollar was driving-lower. The big question for next week is whether USD weakness can extend and if it can Cable is in position to shine. Among all the major FX pairs that I track, GBP/USD seemed to have one of the brighter backdrops earlier in the summer. The first test above the 1.3000 handle happened around the same time that RSI on the daily chart moved into overbought territory. The last time that either of those instances had taken place was a year prior, in July of 2023 when GBP/USD burst-above 1.3000 while RSI moved into overbought. That led into a prolonged sell-off that ran into October of that year. The GBP/USD pair is edging higher toward 1.3150, supported by an improving risk mood reflected by rising US stock indexes. The GBP/USD exchange Rate went into this weekend near the 1.31218 ratio, on Friday the high for the currency pair challenged the 1.31570 vicinity before reversing slightly lower. Trading in the GBP/USD last week was full of volatile reversals and since the last week of August the currency pair has proven difficult for traders looking to latch onto a trend and ride momentum. The GBP/USD has produced many reversals and its price realm between 1.30000 and 1.32000 has proven a rather fast playing ground.

MY View on EURUSD 4hr ,Am shorting it when price reaches my POI

MY View on EURUSD 4hr ,Am shorting it when price reaches my POI

There is no specific news about an "FBS coin" as of September 2024. However, there have been several notable developments in the broader cryptocurrency space, including the emergence of new tokens and technologies. For example, new cryptocurrencies like **Fractal Bitcoin (FB)**, which launched on September 9, 2024, aim to improve transaction speed and scalability by building on Bitcoin's core code with enhanced features like 30-second block confirmations. Meanwhile, other coins such as **Memebet Token** and **Pepe Unchained** are gaining attention in the market for offering unique platforms, such as no-KYC casinos and layer-2 scaling solutions, respectively. If you were referring to another specific project or token, feel free to provide more details, and I can help you further.

There is no specific news about an "FBS coin" as of September 2024. However, there have been several notable developments in the broader cryptocurrency space, including the emergence of new tokens and technologies. For example, new cryptocurrencies like **Fractal Bitcoin (FB)**, which launched on September 9, 2024, aim to improve transaction speed and scalability by building on Bitcoin's core code with enhanced features like 30-second block confirmations. Meanwhile, other coins such as **Memebet Token** and **Pepe Unchained** are gaining attention in the market for offering unique platforms, such as no-KYC casinos and layer-2 scaling solutions, respectively. If you were referring to another specific project or token, feel free to provide more details, and I can help you further.

As of September 2024, Kraken, one of the prominent cryptocurrency exchanges, is actively navigating changes in the market. Despite the decline in overall crypto trading volumes, Kraken has managed to gain market share, particularly as other exchanges like Binance face challenges. This is largely due to Kraken's strategic focus on providing reliable services and low trading fees, along with its plans to broaden offerings beyond crypto into stock trading. It aims to integrate U.S.-listed stocks and ETFs, entering a competitive space with platforms like Robinhood. Additionally, Kraken is preparing for a $100 million funding round to further expand and potentially pursue an IPO by 2025. This move is designed to bolster its growth, despite ongoing regulatory challenges.

As of September 2024, Kraken, one of the prominent cryptocurrency exchanges, is actively navigating changes in the market. Despite the decline in overall crypto trading volumes, Kraken has managed to gain market share, particularly as other exchanges like Binance face challenges. This is largely due to Kraken's strategic focus on providing reliable services and low trading fees, along with its plans to broaden offerings beyond crypto into stock trading. It aims to integrate U.S.-listed stocks and ETFs, entering a competitive space with platforms like Robinhood. Additionally, Kraken is preparing for a $100 million funding round to further expand and potentially pursue an IPO by 2025. This move is designed to bolster its growth, despite ongoing regulatory challenges.

Today, Celestia's (TIA) coin is seeing a positive price movement. Over the past 24 hours, the TIA coin has increased by around 6%, after experiencing some consecutive days of decline. It is currently trading at approximately $4.24, and investors are closely watching to see if it can break through the $5 resistance level. This recent uptick follows concerns around an upcoming token unlock event scheduled for October 31, which could impact its price due to an increase in the circulating supply. The TIA coin has been trading within a bearish trend recently, with a 60% price drop over the last three months. Despite this, there are signs of bullish sentiment, as derivatives data shows increased interest in long positions. Celestia’s unique modular blockchain architecture continues to attract attention in the crypto space. Its ability to scale efficiently while decoupling consensus from transaction execution has made it a significant player among blockchains, and this is driving long-term interest.

Today, Celestia's (TIA) coin is seeing a positive price movement. Over the past 24 hours, the TIA coin has increased by around 6%, after experiencing some consecutive days of decline. It is currently trading at approximately $4.24, and investors are closely watching to see if it can break through the $5 resistance level. This recent uptick follows concerns around an upcoming token unlock event scheduled for October 31, which could impact its price due to an increase in the circulating supply. The TIA coin has been trading within a bearish trend recently, with a 60% price drop over the last three months. Despite this, there are signs of bullish sentiment, as derivatives data shows increased interest in long positions. Celestia’s unique modular blockchain architecture continues to attract attention in the crypto space. Its ability to scale efficiently while decoupling consensus from transaction execution has made it a significant player among blockchains, and this is driving long-term interest.

Pepe Coin (PEPE) is experiencing increased attention in mid-September 2024. A major whale purchase of 292.97 billion PEPE tokens, valued at $2.17 million, has sparked renewed optimism about a potential price surge. This significant transaction suggests that some investors are betting on a bullish trend, especially as PEPE is trading near a key support level of $0.0000071. If historical patterns hold, PEPE could experience a price increase of up to 20% in the coming days. Additionally, a new project called "Pepe Unchained" has emerged as a top token presale, raising over $13 million. This Ethereum Layer 2 solution aims to reduce transaction fees and improve accessibility, positioning itself as a strong competitor in the meme coin space. While PEPE's technical indicators are still mixed, with a bearish sentiment prevailing, predictions suggest that the token could see a significant rise by the end of September.

Pepe Coin (PEPE) is experiencing increased attention in mid-September 2024. A major whale purchase of 292.97 billion PEPE tokens, valued at $2.17 million, has sparked renewed optimism about a potential price surge. This significant transaction suggests that some investors are betting on a bullish trend, especially as PEPE is trading near a key support level of $0.0000071. If historical patterns hold, PEPE could experience a price increase of up to 20% in the coming days. Additionally, a new project called "Pepe Unchained" has emerged as a top token presale, raising over $13 million. This Ethereum Layer 2 solution aims to reduce transaction fees and improve accessibility, positioning itself as a strong competitor in the meme coin space. While PEPE's technical indicators are still mixed, with a bearish sentiment prevailing, predictions suggest that the token could see a significant rise by the end of September.

come on my dear all investor

come on my dear all investor

Bitcoin has been experiencing a notable upward trend in September 2024. As of today, Bitcoin's price is around $64,124, marking a strong recovery after a dip earlier in the year. The rise can be attributed to several key factors: 1. **Bitcoin Halving**: The recent halving event, which reduced the mining rewards from 6.25 to 3.125 BTC, has historically led to price increases by limiting the new supply of Bitcoin. This has created a bullish sentiment in the market. 2. **Bitcoin ETFs**: The approval of spot Bitcoin ETFs earlier this year has boosted demand by providing institutional investors easier access to the cryptocurrency. This has contributed significantly to Bitcoin's current price surge. 3. **Market Sentiment and Short Liquidations**: There's been an increase in accumulation by long-term holders, reducing sell pressure. Additionally, recent short liquidations have helped push Bitcoin's price higher, as short sellers are forced to buy back BTC at higher prices . Overall, Bitcoin's recent performance suggests continued growth, with some experts predicting that it could approach or exceed $90,000 by the end of 2024. However, as with any asset, fluctuations are expected, and long-term investors should be prepared for volatility.

Bitcoin has been experiencing a notable upward trend in September 2024. As of today, Bitcoin's price is around $64,124, marking a strong recovery after a dip earlier in the year. The rise can be attributed to several key factors: 1. **Bitcoin Halving**: The recent halving event, which reduced the mining rewards from 6.25 to 3.125 BTC, has historically led to price increases by limiting the new supply of Bitcoin. This has created a bullish sentiment in the market. 2. **Bitcoin ETFs**: The approval of spot Bitcoin ETFs earlier this year has boosted demand by providing institutional investors easier access to the cryptocurrency. This has contributed significantly to Bitcoin's current price surge. 3. **Market Sentiment and Short Liquidations**: There's been an increase in accumulation by long-term holders, reducing sell pressure. Additionally, recent short liquidations have helped push Bitcoin's price higher, as short sellers are forced to buy back BTC at higher prices . Overall, Bitcoin's recent performance suggests continued growth, with some experts predicting that it could approach or exceed $90,000 by the end of 2024. However, as with any asset, fluctuations are expected, and long-term investors should be prepared for volatility.

GBPUSD is currently Bearish creating major Breaks of structure, which I find my range on the 4hr and my POI from the Daily key levels

GBPUSD is currently Bearish creating major Breaks of structure, which I find my range on the 4hr and my POI from the Daily key levels

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𝐃𝐄𝐏𝐎𝐒𝐈𝐓 𝐂𝐎𝐍𝐅𝐈𝐑𝐌𝐄𝐃✅✅ 𝐒𝐔𝐂𝐂𝐄𝐒𝐒𝐅𝐔𝐋𝐋𝐘 𝐀𝐍𝐃 𝐘𝐎𝐔𝐑 𝐓𝐑𝐀𝐃𝐈𝐍𝐆 𝐒𝐓𝐀𝐑𝐓 𝐈𝐌𝐌𝐄𝐃𝐈𝐀𝐓𝐄𝐋𝐘! KINDLY CHECK YOUR DASHBOARD NOW FOR CONFIRMATION

The EUR/USD pair is rising due to speculation about an upcoming Federal Reserve interest rate cut, which is weakening the US Dollar ¹. The European Central Bank (ECB) recently cut interest rates and stated that future decisions will be data-dependent, but did not provide a specific path for future cuts ¹. As a result, the EUR/USD pair is strengthening, with the US Dollar Index (DXY) falling to near 101.00 ¹. Some Details about the Situation: 1-Probability of rate cut: The probability of a 50 basis point rate cut by the Federal Reserve in September has increased to 43% from 14% after the US PPI data release. 2-ECB decision: The ECB cut interest rates by 25 basis points to 3.5% and stated that future decisions will be data-dependent. 3-US Dollar weakness: The US Dollar is facing sharp selling pressure due to speculation about the Federal Reserve rate cut, with the US Dollar Index (DXY) falling to near 101.00. 41EUR/USD strength: The EUR/USD pair is strengthening, with some analysts predicting further gains if the pair clears the 1.1090-1.1100 resistance area.

The EUR/USD pair is rising due to speculation about an upcoming Federal Reserve interest rate cut, which is weakening the US Dollar ¹. The European Central Bank (ECB) recently cut interest rates and stated that future decisions will be data-dependent, but did not provide a specific path for future cuts ¹. As a result, the EUR/USD pair is strengthening, with the US Dollar Index (DXY) falling to near 101.00 ¹. Some Details about the Situation: 1-Probability of rate cut: The probability of a 50 basis point rate cut by the Federal Reserve in September has increased to 43% from 14% after the US PPI data release. 2-ECB decision: The ECB cut interest rates by 25 basis points to 3.5% and stated that future decisions will be data-dependent. 3-US Dollar weakness: The US Dollar is facing sharp selling pressure due to speculation about the Federal Reserve rate cut, with the US Dollar Index (DXY) falling to near 101.00. 41EUR/USD strength: The EUR/USD pair is strengthening, with some analysts predicting further gains if the pair clears the 1.1090-1.1100 resistance area.

USD/CAD stays sideways below 1.3600 with the Fed policy taking center stage. Traders remain divided over Fed potential rate cut size. Firm speculation for BoC aggressive policy-easing cycle weighs on the Canadian Dollar. The USD/CAD pair trades in a tight range below the round-level resistance of 1.3600 in Friday’s North American session. The Loonie asset struggles for direction with investors focusing on the Federal Reserve’s (Fed) monetary policy meeting, which is scheduled for Wednesday. The Fed is almost certain to start reducing interest rates in Wednesday’s meeting as officials are worried about deteriorating labor market conditions, with growing confidence that inflationary pressures will sustainably return to the bank’s target of 2%.

USD/CAD stays sideways below 1.3600 with the Fed policy taking center stage. Traders remain divided over Fed potential rate cut size. Firm speculation for BoC aggressive policy-easing cycle weighs on the Canadian Dollar. The USD/CAD pair trades in a tight range below the round-level resistance of 1.3600 in Friday’s North American session. The Loonie asset struggles for direction with investors focusing on the Federal Reserve’s (Fed) monetary policy meeting, which is scheduled for Wednesday. The Fed is almost certain to start reducing interest rates in Wednesday’s meeting as officials are worried about deteriorating labor market conditions, with growing confidence that inflationary pressures will sustainably return to the bank’s target of 2%.

The EUR/USD market trend is currently characterized as a strong downtrend, with a bearish momentum dominating the market. The price has been declining steadily, forming a series of lower highs and lower lows, indicating a weakening Euro (EUR) against the US Dollar (USD). The trend is driven by fundamental factors such as: 1. Interest rate differentials: The US Federal Reserve's(FED) hawkish stance and rate hikes contrast with the European Central Bank's dovish approach. 2. Economic growth: The US economy shows resilience, while the Eurozone faces growth concerns and inflationary pressures. 3. Geopolitical tensions: Ongoing conflicts and political uncertainty in Europe weigh on the Euro. Technical indicators confirm the downtrend: 1. Moving Averages: The 50-day and 100-day MAs are trending downwards, with the price below both. 2. Relative Strength Index (RSI): The RSI is in oversold territory, indicating potential for further downside. 3. Support and Resistance: Key support levels at 1.0800 and 1.0600 have been broken, with resistance at 1.1000 and 1.1200. Traders are short-selling, expecting further EUR weakness, with potential targets at 1.0500 and 1.0400. However, a reversal could occur if the price breaks above resistance levels or if fundamental drivers shift.

The EUR/USD market trend is currently characterized as a strong downtrend, with a bearish momentum dominating the market. The price has been declining steadily, forming a series of lower highs and lower lows, indicating a weakening Euro (EUR) against the US Dollar (USD). The trend is driven by fundamental factors such as: 1. Interest rate differentials: The US Federal Reserve's(FED) hawkish stance and rate hikes contrast with the European Central Bank's dovish approach. 2. Economic growth: The US economy shows resilience, while the Eurozone faces growth concerns and inflationary pressures. 3. Geopolitical tensions: Ongoing conflicts and political uncertainty in Europe weigh on the Euro. Technical indicators confirm the downtrend: 1. Moving Averages: The 50-day and 100-day MAs are trending downwards, with the price below both. 2. Relative Strength Index (RSI): The RSI is in oversold territory, indicating potential for further downside. 3. Support and Resistance: Key support levels at 1.0800 and 1.0600 have been broken, with resistance at 1.1000 and 1.1200. Traders are short-selling, expecting further EUR weakness, with potential targets at 1.0500 and 1.0400. However, a reversal could occur if the price breaks above resistance levels or if fundamental drivers shift.

*Trade Details:* - *Pair:* GBP/USD (British Pound vs. US Dollar) - *Order Type:* SELL LIMIT ORDER - *Entry Price:* 1.31390 - *Stop Loss (SL):* 1.31611 (35 pips above entry price) - *Take Profit (TP):* 1.30316 (105 pips below entry price) This trade expects the GBP/USD price to fall. A sell limit order is set at 1.31390, attempting to short the market. If executed, the trade will profit from a price decline. The stop loss (SL) at 1.31611 limits potential losses if the price rises. The take profit (TP) target at 1.30316 aims to secure gains if the price drops. The market trend assumption is bearish, with a predicted price movement from 1.31390 down to 1.30316. If the price reaches 1.31390, the sell order is executed. If it falls to 1.30316, profits are taken. If it rises to 1.31611, the trade is stopped, limiting losses.

*Trade Details:* - *Pair:* GBP/USD (British Pound vs. US Dollar) - *Order Type:* SELL LIMIT ORDER - *Entry Price:* 1.31390 - *Stop Loss (SL):* 1.31611 (35 pips above entry price) - *Take Profit (TP):* 1.30316 (105 pips below entry price) This trade expects the GBP/USD price to fall. A sell limit order is set at 1.31390, attempting to short the market. If executed, the trade will profit from a price decline. The stop loss (SL) at 1.31611 limits potential losses if the price rises. The take profit (TP) target at 1.30316 aims to secure gains if the price drops. The market trend assumption is bearish, with a predicted price movement from 1.31390 down to 1.30316. If the price reaches 1.31390, the sell order is executed. If it falls to 1.30316, profits are taken. If it rises to 1.31611, the trade is stopped, limiting losses.

Forex Today: US Dollar slides as markets reassess odds of large Fed rate cut NEWS | 09/13/2024 06:56:52 GMT | By Eren Sengezer Here is what you need to know on Friday, September 13: Following the bullish action seen in the first half of the week, the US Dollar (USD) Index turned south on Thursday and erased all of its weekly gains. The index struggles to gain traction early Friday and edges lower toward 101.00. Eurostat will release Industrial Production data for July and the US economic docket will feature August Export Price Index and Import Price Index data, alongside the University of Michigan's Consumer Sentiment Survey for September. US Dollar PRICE This week The table below shows the percentage change of US Dollar (USD) against listed major currencies this week. US Dollar was the weakest against the Japanese Yen. USD EUR GBP JPY CAD AUD NZD CHF USD 0.08% 0.02% -0.82% 0.12% -0.66% -0.06% 0.55% EUR -0.08% -0.12% -0.88% 0.04% -0.78% -0.12% 0.44% GBP -0.02% 0.12% -0.87% 0.16% -0.67% -0.03% 0.56% JPY 0.82% 0.88% 0.87% 0.96% 0.19% 0.77% 1.57% CAD -0.12% -0.04% -0.16% -0.96% -0.74% -0.19% 0.59% AUD 0.66% 0.78% 0.67% -0.19% 0.74% 0.64% 1.21% NZD 0.06% 0.12% 0.03% -0.77% 0.19% -0.64% 0.59% CHF -0.55% -0.44% -0.56% -1.57% -0.59% -1.21% -0.59% The heat map shows percentage changes of major currencies against each other. The base currency is picked from the left column, while the quote currency is picked from the top row. For example, if you pick the US Dollar from the left column and move along the horizontal line to the Japanese Yen, the percentage change displayed in the box will represent USD (base)/JPY (quote). Soft producer inflation data from the US revived expectations for a large Federal Reserve (Fed) rate cut at the policy meeting next week, causing the USD to weaken against its major rivals. On a yearly basis, the Producer Price Index (PPI) rose 1.7% in August, down from 2.1% in July and below the market expectation of 1.8%. Additionally, the improving risk mood put additional weight on the USD's shoulders. Early Friday, US stock index futures trade flat and the 10-year US Treasury bond yield stays in negative territory at around 3.65%.

Forex Today: US Dollar slides as markets reassess odds of large Fed rate cut NEWS | 09/13/2024 06:56:52 GMT | By Eren Sengezer Here is what you need to know on Friday, September 13: Following the bullish action seen in the first half of the week, the US Dollar (USD) Index turned south on Thursday and erased all of its weekly gains. The index struggles to gain traction early Friday and edges lower toward 101.00. Eurostat will release Industrial Production data for July and the US economic docket will feature August Export Price Index and Import Price Index data, alongside the University of Michigan's Consumer Sentiment Survey for September. US Dollar PRICE This week The table below shows the percentage change of US Dollar (USD) against listed major currencies this week. US Dollar was the weakest against the Japanese Yen. USD EUR GBP JPY CAD AUD NZD CHF USD 0.08% 0.02% -0.82% 0.12% -0.66% -0.06% 0.55% EUR -0.08% -0.12% -0.88% 0.04% -0.78% -0.12% 0.44% GBP -0.02% 0.12% -0.87% 0.16% -0.67% -0.03% 0.56% JPY 0.82% 0.88% 0.87% 0.96% 0.19% 0.77% 1.57% CAD -0.12% -0.04% -0.16% -0.96% -0.74% -0.19% 0.59% AUD 0.66% 0.78% 0.67% -0.19% 0.74% 0.64% 1.21% NZD 0.06% 0.12% 0.03% -0.77% 0.19% -0.64% 0.59% CHF -0.55% -0.44% -0.56% -1.57% -0.59% -1.21% -0.59% The heat map shows percentage changes of major currencies against each other. The base currency is picked from the left column, while the quote currency is picked from the top row. For example, if you pick the US Dollar from the left column and move along the horizontal line to the Japanese Yen, the percentage change displayed in the box will represent USD (base)/JPY (quote). Soft producer inflation data from the US revived expectations for a large Federal Reserve (Fed) rate cut at the policy meeting next week, causing the USD to weaken against its major rivals. On a yearly basis, the Producer Price Index (PPI) rose 1.7% in August, down from 2.1% in July and below the market expectation of 1.8%. Additionally, the improving risk mood put additional weight on the USD's shoulders. Early Friday, US stock index futures trade flat and the 10-year US Treasury bond yield stays in negative territory at around 3.65%.