Youtrading UK
Português Español русский
Register Login
  • Markets
  • Charts
  • Economic Calendar
  • World
  • Economy
  • Insights
  • About Us
No Result
View All Result
Youtrading UK
  • Markets
  • Charts
  • Economic Calendar
  • World
  • Economy
  • Insights
  • About Us
No Result
View All Result
Youtrading UK
No Result
View All Result

US dollar pushing higher following last night’s FOMC minutes release

by Neville Hornsey
6 January 2022
in Markets
0
US Dollar Index Technical Analysis – 96.50 next target
0
SHARES
0
VIEWS
Share on FacebookShare on TwitterShare on WhatsApp

Market Brief

See real-time quotes provided by our partner.

After the FOMC meeting minutes were released yesterday, the dollar jumped off the support level of $95.90 and is now trading at $96.36. There are more discussions of rate hikes, and this is translating into a more hawkish Fed. That’s good news for the dollar, but yesterday’s sell-off in risky assets like the Nasdaq shows how things might pan out if the Fed follows through with their rhetoric. If the hawkish tone remains, we could see the US dollar index above the $96.50 very soon.

CME’s Fed watch tool reveals that some probability of a rate hike at the next meeting is starting to be priced in, with a greater than 60% expectation of an increase in March when the Fed will have also completed the taper schedule.

In November, factory orders in Germany jumped 3.7% mom, rebounding from a 5.8% drop in October and beating estimates of a 2.1% growth. There was a significant increase in orders for other transport equipment such as aircraft, ships, trains, and automobiles. These new orders are a welcome sign of economic activity and over the last 18-months, the problem hasn’t been the demand, it has been the supply. An analysis from the New York Fed, within a newly created index of global supply chain pressures, shows that there is a greater likelihood of a peak being reached in supply-chain pressures. If this is the peak in disruptions and the supply chains globally start moving back to a normal level of business, the demand will be met, and prices could start to come down. But important for Germany, the orders will turn into sales and economic growth.

At the London open the forex heatmap is indicating a risk-off start to the day, though the Swiss franc isn’t fully onboard yet. The Australian dollar is clearly the weakest of the commodity pairs with the bullish yen flows strongest.

The AUDJPY is one of the best indicators for risk market direction and currently it is reflecting the mood post the FOMC meeting minutes release. However, the ActivTrader sentiment indicator is at an extreme bearish reading with 87% of traders on the platform shorting the currency pair. This is a signal to me that we should be looking to buy the dips.

See real-time quotes provided by our partner.

On the daily chart of the AUDJPY the next support level I will be monitoring for a possible buy is 82.50 and below that 81.538. It could be that the retail traders are right this time for now and if, so I’ll be looking to see what sort of price action we get at those two support levels.

See real-time quotes provided by our partner.

The USDJPY is testing the old resistance level of 115.50 for the second time and if it were to hold again this would be a good sign of much higher prices to come. While we are within the range of yesterday and assuming we don’t break yesterday’s lows I am looking for opportunities around 115.80.

Tags: AUDJPYDXYFOMCUS DollarUSDJPY
Previous Post

S&P 500 Technical Analysis – Watch Cloud Support

Next Post

Breakout traders waiting for continued upside in the GBPJPY

Next Post
Breakout traders waiting for continued upside in the GBPJPY

Breakout traders waiting for continued upside in the GBPJPY

CALL US

Categories
  • Commodities
  • Economy
  • Forex
  • Index
  • Insights
  • Markets
  • Opening of the Week
  • Sem categoria
  • Stocks
  • World

Site Map

  • Home
  • Markets
  • Charts
  • Economic Calendar
  • World
  • Economy
  • Insights
  • About Us
Português Español русский

A comprehensive website for traders, both experienced and new! Checkout our content and learn how to invest and speculate in the markets using margin traded products. Our team of educators has extensive experience and is here to help. Enjoy!

Follow us on social media

Risk Warning

All financial products traded on margin carry a high degree of risk to your capital. They are not suited to all investors, please ensure that you fully understand the risks involved, and seek independent advice if necessary.

All Rights Reserved - YouTrading UK 2020

Privacy Policy and Terms and Conditions
  • Home
  • My Academy
    • Register Now
    • Login
  • Markets
    • Opening of the Week
    • Stocks
    • Commodities
    • Forex
    • Index
  • Charts
  • Economic Calendar
  • Economy
  • World
  • Insights
  • About Us
No Result
View All Result

© 2020 YouTrading UK - Leaders in Trader Training.

We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. By clicking “Accept”, you consent to the use of ALL the cookies.
Do not sell my personal information.
Cookie settingsACCEPT
Manage consent

Privacy Overview

This website uses cookies to improve your experience while you navigate through the website. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may affect your browsing experience.
Necessary
Always Enabled
Necessary cookies are absolutely essential for the website to function properly. These cookies ensure basic functionalities and security features of the website, anonymously.
CookieDurationDescription
__cfduid1 monthThe cookie is used by cdn services like CloudFare to identify individual clients behind a shared IP address and apply security settings on a per-client basis. It does not correspond to any user ID in the web application and does not store any personally identifiable information.
_wpfuuid11 yearsThis cookie is used by the WPForms WordPress plugin. The cookie is used to allows the paid version of the plugin to connect entries by the same user and is used for some additional features like the Form Abandonment addon.
cf_use_obThis cookie is set by the provider Cloudflare content delivery network. This cookie is used for determining whether it should continue serving "Always Online" until the cookie expires.
cookielawinfo-checbox-analytics11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Analytics".
cookielawinfo-checbox-functional11 monthsThe cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional".
cookielawinfo-checbox-others11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Other.
cookielawinfo-checkbox-advertisement1 yearThe cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Advertisement".
cookielawinfo-checkbox-necessary11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookies is used to store the user consent for the cookies in the category "Necessary".
cookielawinfo-checkbox-performance11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Performance".
viewed_cookie_policy11 monthsThe cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. It does not store any personal data.
Functional
Functional cookies help to perform certain functionalities like sharing the content of the website on social media platforms, collect feedbacks, and other third-party features.
Performance
Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors.
CookieDurationDescription
YSCsessionThis cookies is set by Youtube and is used to track the views of embedded videos.
Analytics
Analytical cookies are used to understand how visitors interact with the website. These cookies help provide information on metrics the number of visitors, bounce rate, traffic source, etc.
CookieDurationDescription
_ga2 yearsThis cookie is installed by Google Analytics. The cookie is used to calculate visitor, session, campaign data and keep track of site usage for the site's analytics report. The cookies store information anonymously and assign a randomly generated number to identify unique visitors.
_gid1 dayThis cookie is installed by Google Analytics. The cookie is used to store information of how visitors use a website and helps in creating an analytics report of how the website is doing. The data collected including the number visitors, the source where they have come from, and the pages visted in an anonymous form.
Advertisement
Advertisement cookies are used to provide visitors with relevant ads and marketing campaigns. These cookies track visitors across websites and collect information to provide customized ads.
CookieDurationDescription
_fbp3 monthsThis cookie is set by Facebook to deliver advertisement when they are on Facebook or a digital platform powered by Facebook advertising after visiting this website.
fr3 monthsThe cookie is set by Facebook to show relevant advertisments to the users and measure and improve the advertisements. The cookie also tracks the behavior of the user across the web on sites that have Facebook pixel or Facebook social plugin.
IDE1 year 24 daysUsed by Google DoubleClick and stores information about how the user uses the website and any other advertisement before visiting the website. This is used to present users with ads that are relevant to them according to the user profile.
test_cookie15 minutesThis cookie is set by doubleclick.net. The purpose of the cookie is to determine if the user's browser supports cookies.
VISITOR_INFO1_LIVE5 months 27 daysThis cookie is set by Youtube. Used to track the information of the embedded YouTube videos on a website.
Others
Other uncategorized cookies are those that are being analyzed and have not been classified into a category as yet.
CookieDurationDescription
_gat_UA-42160853-21 minuteNo description
cf_ob_infoNo description
CONSENT16 years 8 months 3 days 6 hours 2 minutesNo description
SAVE & ACCEPT
Powered by CookieYes Logo