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The Cash Kings Forex
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22.01.2022 Where next for the EURUSD? The trading floor is already in the green on a long position from 1.2070 and we are looking to take the EURUSD towards the 1.24 resistance zone. For this move to play out we would need to see a continuation to the downside on the USD Index (DXY). However, recent moves in the US bond market are showing rising interest rates on the US 10 year. This is sparking concerns that the FED will need to change its stance on interest rates or bond tapering a lo...t sooner than the market was anticipating. This is currently a major risk to the equity market. IF we see interest rates continue to rise across US bonds expect a larger risk-off play! For the time being, we look to stay long on the EURUSD anticipating the inverted head and shoulders formation to play out. Only if the rising trend line support is broken will we consider a major change in trend.
21.01.2022 SPX (US SP500) has set up a weekly inside-bar raising concerns about a possible pullback in the market. This has happened on a number of occasions over the past two years. An inside bar is when the weekly candle opens and closes inside the week previous. When found at a major resistance zone it can indicate reversal opportunities. We have highlighted the previous inside bar reversals on the SP500. Where next for the US Stock market? ... Let us know your thoughts... See more
10.01.2022 We are very excited to share our FREE Forex Trading Handbook! Since July we have achieved over 6000 PIPS! If you want to learn how to potentially capitalise on the FOREX market, click the link below and download our FREE trading handbook!
09.01.2022 All eyes on the FOMC and FED economic projections early hours tomorrow morning. Will the FED maintain their view of record-low interest rates for the foreseeable future, or will there be a change in language? One item to keep your eyes on is the FOMC DOT PLOT. This is the FED members projections of the interest rate change.... If FED members bring forward their outlook for an interest rate hike to 2023 from 2024, there could be a rise in the USD resulting in a risk-off scenario... Click the link for a MUST read article! https://forex.thecashkings.com.au/dont-miss-the-fomc-fed-t/
08.01.2022 Position update: AUDJPY SL Moved to open at 84.15 If you want to find out why we placed the trade check out our TOP DOWN ANALYSIS: ... In the quick video, we take you through the weekly, daily and 1 hour charts. Let's see how the trade unfolds over the coming days... https://vimeo.com/527641075
08.01.2022 FOMC and the FED takes centre stage this week as they provide their latest interest rate decision and press conference. They are expected to maintain record-low interest rates, however, there is a BIG question on QE Tapering. If Jerome Powell suggests the QE could end sooner rather than later, we could see a rotation back into the USD after months of selling pressure. The rise in inflation and increased growth forecasts are putting a spanner in the works for bulls in the mark...et. It is bizarre how the equity market has continued to rally during times of negative data releases. The worse the economy performed, the more money the FED would print. We are now at a potential crossroads, will the FED continue printing whilst economic data and growth forecasts improve, or will they signal a possible end to QE? We have our eyes on the USDJPY for a potential breakout trade.. We can see a break of a negative trendline resistance followed by a potential bull flag formation. A break to the upside could see the USDJPY revisit the 105.50 highs. Where do you see the USDJPY heading next?
06.01.2022 The US stock market continues to trade near record highs with every dip being purchased due to the relentless positive news headlines. Trader sentiment is reaching extreme optimism which raises a number of red flags. The vaccine is still yet to be rolled out, and the next stimulus check looks unlikely to arrive until 2021. The US market cap to GDP has reached levels never seen before. This Warren Buffet indicator suggests the US market is in an extreme overvalued condition.... As you can see the previous spikes into the 150% region has resulted in a sharp decline. We are now seeing the market trade at 181%. The SP500 is trading at the top of the megaphone structure, it is a possibility we see another record high (potential fake breakout), drawing in more retail buyers before a sizeable pullback. Free money from the FED is keeping the stock market alive! Let us know your thoughts on the US stock market and the megaphone structure. 30 DAY FREE TRIAL https://forex.thecashkings.com.au/the-trading-floor/ JOIN OUR FREE TELEGRAM CHANNEL. FREE TRADES POSTED REGULARLY https://t.me/joinchat/AAAAAFZtJPHU4uTCo0QrOQ
