Blackwood forex

How is your week

Eurusd buy 1.09500 Tp 1.90700 Tp 1.1000 Tp 1.10500 Tp 1.1100 Sl 1.08800

US - CPI (September) m/m = +0.2% (expected +0.1%) y/y = +2.4% (expected +2.3%) Core CPI = +3.3% y/y (expected +3.2%) ---------------- US - Initial Jobless Claims = 258k (expected 231k)

Dollar has longest upside bias since 2022 - markets are actively laying down a “less dovish” Fed Goldman sees the current dollar strength as a reflection of “risk off ” sentiment in the market

Crude Oil tries to find support after firm correction on Tuesday.  Markets are looking at developments in the Middle East, with President Biden set to speak to Israel’s Prime Minister Netanyahu. The US Dollar Index is printing a fresh September high and is erasing a weekly loss.

EUR/USD struggles to sustain above 1.0950 as the US Dollar performs strongly ahead of the FOMC Minutes. Traders have priced out Fed large rate cut bets for November. The ECB is expected to reduce interest rates by 50 bps in the last quarter of the year.

EUR/USD enters a bearish consolidation phase after last week’s downfall to mid-1.0900s. The USD preserves the post-NFP gains to a multi-week top and caps the upside for the pair. Bets for another ECB rate cut in October undermine the Euro and further act as a headwind.

Crude Oil jumps over 2% on Monday after the Biden administration verbally pushed back on targeting Iranian oil fields.  Markets are pricing in even more risk premium, with uncertainty ruling now over Israel’s next step in this

GBP/USD trades with mild gains to around 1.3130 in Monday’s Asian session. The encourging Nonfarm Payrolls could help limit the USD’s losses. The dovish stance of the BoE might undermine the Pound Sterling.

Before and after

Ready to start a new week

How is your week

Before and after

Ready to start a new week

https://youtu.be/3ju8UsJo2uk