The US Dollar finish...from aanapaxton

The US Dollar finished mixed despite a strong Payrolls report. Trading conditions were thin ahead of the weekend which saw some volatile moves. While there was little net movement, the trading ranges in most currencies were over 100 points. Expect a tentative start in Asia today with traders focusing on the next set of economic data releases. Central bank rhetoric will also be a factor. Atlanta Fed President and FOMC member Bostic’s speech on the economic outlook for 2024 will be scrutinized. Bank of England Chair Andrew Bailey is also speaking this week.

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Gold is currently down -1.8% in January, but I see further downside potential given false break of the previous record high alongside the growing case for a stronger US dollar. But that doesn’t mean gold will fall against everything by the same degree, if at all. #forexgold

aanapaxton

Technical Analysis: Australian Dollar hovers below the psychological level at 0.6600 The Australian Dollar traded near 0.6590 on Wednesday followed by the immediate psychological resistance level at 0.6600. A break above the barrier could push the AUD/USD pair to approach the major level at 0.6650 following the 14-day Exponential Moving Average (EMA) at 0.6680 and the psychological level at 0.6700. On the downside, the 50% retracement level at 0.6566 could act as a key support level followed by the major support at 0.6550. #forextrader #forexnews #forexsignals #forexlifestyle #forexmarket

aanapaxton

I missed this nice waterfall trade trying to catch a sniper entry with just 4 pips yesterday in NY Session, sometimes sniper entries can make you missed an opportunity, you should just pull the trigger even if it's not going to be a headshots. #XAUUSD #TradingTips

aanapaxton