Morning traders, can...來自Smart Jet

Morning traders, can GOLD and the USD move together at the same time? technically shouldn't they be inversely correlated? regularly they are inversely correlated yes, BUT from here we need to keep in mind that the inverse correlation breaks in a recessionary environment and they both can move together in a risk off environment caused by recession or growth concerns, both act as the classic safe havens in such cases, and at the moment we are dip buyers on GOLD so does that mean we also expect USD strength? kinda yes, but that's not the way we want to trade it just yet, we prefer GOLD longs That remains our long term focus at the moment, to buy dips in precious metals to bring into the new year, particularly GOLD, pending order is a bit too far to get filled now so dips below 1800 are for us attractive to position manually

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Morning traders, beautiful pullback on the Dollar to start the week, we let this unfold and extend as much as it wants then we will use it to position on Dollar longs at the right levels, I'm watching AUDUSD in particular, if we can short it once again from the 0.67600 resistance zone that would be great Other than that, loads of FED speakers are scheduled this week so we listen closely for hints at what they think their next move with the interest rate is, we want to hear hawkishness from them to further support Dollar strength, simply, the more another rate hike gets supported by FED speakers the more it gets priced in and thus the more the USD strengthens Will be back with the latest from Goldmans in a minute to see if they are taking any new trade

Smart Jet

📉AUDUSD, the chart speaks for itself here, shorting resistance back into support with the fundamental context in favor of the USD, so going short at market price (0.67620) with target 0.66200 and stop loss 0.68300, 0.5% risk📉

Smart Jet

Morning traders, with a data dependant FED the data from the US becomes even more important as it will decide the next move at the next rate decision and shape the sentiment heading into it, the first important number for that is the NFP today which we monitor carefully With that TDS is expecting a number below consensus and Goldmans is expecting a number above consensus so mixed reading, but the plan for me is still in favor of USD longs so if we see a strong NFP later we might jump into some Dollar longs right before the weekly close

Smart Jet