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Decided to make an update on my last plot of DXY from 24th Aug '17 (chart below).
So far, everything looks good!!
We are still in F -> G move I'm expecting price continue to move up until December 2017.
Reasons for that: in short-term Trump will announce new Fed chair, in long-term expectations of FED to hike rates by 25bp.
XAUUSD ( gold ) will trade in opposite direction as DXY , it means XAUUSD will move down until rate hikes.
Expecting XAUUSD to move strongly up next year, while DXY will go south G -> H move.
So far, everything looks good!!
We are still in F -> G move I'm expecting price continue to move up until December 2017.
Reasons for that: in short-term Trump will announce new Fed chair, in long-term expectations of FED to hike rates by 25bp.
XAUUSD ( gold ) will trade in opposite direction as DXY , it means XAUUSD will move down until rate hikes.
Expecting XAUUSD to move strongly up next year, while DXY will go south G -> H move.
Dagangan aktif
Dagangan aktif:
Let's wait for FOMC and interest hike! From that time DXY will go down and XAUUSD will move north.
Rate hike odds are 90-100% depending on website you check:
http://www.cmegroup.com/trading/interest-rates/countdown-to-fomc.html/
https://uk.investing.com/central-banks/fed-rate-monitor
Rate hike odds are 90-100% depending on website you check:
http://www.cmegroup.com/trading/interest-rates/countdown-to-fomc.html/
https://uk.investing.com/central-banks/fed-rate-monitor
Dagangan aktif:
Everything is going on as expected, XAUUSD up and DXY down.
Dagangan aktif
Dagangan aktif
Dagangan aktif
Dagangan aktif
You're a bit too late, soon DXY will reach top, I would rather await for FOMC meeting.
There is very high % for FED to hike rates http://www.cmegroup.com/trading/interest-rates/countdown-to-fomc.html
That in turn will cause DXY to move down (G -> H) and XAUUSD will go up.
"Trade active" means my analysis is still valid but you need to take in consideration time frame.