VrasityVra usdt analysis
Time frame daily
Red line is our strong protection line
Two bottom pattern
Risk rewards ratio >7 👈👈👈
Signalsfree
BTCUSDTBitcoin time frame 1 hour
The target position was touched in 2 hours.
Now we can enter the short position by managing capital and reaching the entry point.
The risk to reward of this deal is 14.
DXY : The USD will continue to weakenOn the morning of May 15, the State Bank (SBV) announced the central exchange rate USD/VND at 24,269 VND, an increase of 3 VND. The exchange rate range allowed for transactions at Commercial Banks ranges from 23,400 - 25,450 VND. The USD/VND exchange rate was also brought to the trading range of 23,400 - 25,450 VND by the SBV Exchange.
This morning's exchange rate increased slightly at commercial banks. Specifically, Vietcombank has a buying level of 25,152 and a selling level of 25,482, an increase of 3 dong in both buying and selling directions compared to yesterday. Meanwhile, the exchange rate on the free market increased more strongly. In Hanoi at 05:15, the exchange rate fluctuated around 25,768 - 25,848 VND, an increase of 10 VND on the buying side and an increase of 20 VND on the selling side compared to yesterday.
The DXY index yesterday almost lost the 105.00 mark after the PPI data was released. Currency pairs also fluctuated accordingly, even the USD/VND exchange rate in the forex market also decreased sharply. However, somehow miraculously, the listed exchange rate still increased slightly.
XAUUSD : Gold is pushing towards record territoryGold prices steady amid mixed US PPI data, investors ready for tonight's CPI data
Gold's rally continues after falling on Monday at $2,357, but has yet to surpass the recent high of $2,378, recorded on May 10. This could cause the XAU/ USD moves sideways within a certain price range. According to the RSI indicator, the current trend is beneficial for investors holding gold.
Therefore, the first level of resistance for XAU/USD will be the high of May 10, which is $2,378. If surpassed, the next level will be $2,400, followed immediately by the April 19 high of $2,417 and the historical peak of $2,431.
Conversely, if bears prevail and push the price below $2,359, it could lead to a decline to the May 9 low of $2,306, then to $2,300. Once crossed, the next stop will be the 50-day SMA at $2,249.
BIDU Baidu Options Ahead of Earnings If you haven`t bought the dip on BIDU:
Then Analyzing the options chain and the chart patterns of BIDU Baidu prior to the earnings report this week,
I would consider purchasing the 120usd strike price Calls with
an expiration date of 2024-6-21,
for a premium of approximately $2.47.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
DXY : USD is forecast to weaken at the end of the yearFor USD, the weekend before May 10, the SBV announced the central exchange rate of 24,271 VND, an increase of 6 VND compared to the previously listed rate, the reference exchange rate at the SBV Exchange was at 23,400 - 25,450 VND. . Buying prices at commercial banks currently fluctuate between 25,120 - 25,225 VND while selling prices reach 25,484 VND. On the black market, the buying and selling price of USD is at 25,670 - 25,750 VND.
Despite trading in a week lacking directional data, the DXY index remained quite volatile and overall had a bullish week of trading. The index is currently still trading above the key support level of 105.00 at the time of writing. This week, the market will be quite busy when the US economic calendar thickens with PPI, CPI and Retail Sales,... announced. Most important will be the CPI, which has a significant influence on market expectations of the Fed cutting interest rates.
Gold is likely to continue to increase strongly todayGold price (XAU/USD) began to increase in price in the US session on May 9, rising to nearly 2,350 USD, after a number of major central banks decided to cut interest rates or signaled the possibility of strong cuts. more in the future. In addition, geopolitical risks along with increased demand from Asian central banks and investors also create momentum for gold. This morning, May 10, world gold continued to increase slightly, currently trading above 2,350 USD. Perhaps this unexpected increase is part of the reason why the domestic gold price reached a new historic peak.
The SPDR Gold Shares fund has had no new structural activity for 2 consecutive days, holdings remained unchanged at 830.47 tons.
XAUUSD : Gold is turning around and increasing stronglyThe number of applications for unemployment benefits increased, but will the Fed "turn around" to reduce interest rates?
Gold prices regained momentum on Thursday and rose more than 1% as US government bond yields fell, reducing the appeal of the USD. Weaker U.S. labor market data raises the possibility of the Fed cutting interest rates despite dealing with inflationary pressures.
Gold prices traded above $2,330 after bouncing from the day's low at $2,306. On Thursday, the U.S. Bureau of Labor Statistics (BLS) said the number of Americans filing for unemployment benefits rose more than estimated and an earlier report suggested the economy was weakening. This could influence the Fed in future monetary policy decisions after admitting that it is focused on dual goals - ensuring employment and inflation.
Meanwhile, a slew of Fed officials appeared in the news this week. San Francisco Fed President Mary Daly said getting inflation down to the Fed's target will be a difficult road. She added that the past three months' data left policymakers uncertain about future inflation.
On Monday, Richmond Fed President Thomas Barkin commented that recent data were not very encouraging, and emphasized that inflation control was not yet complete. Elsewhere, New York Fed President John Williams noted that consumers are still spending, showing that the economy maintains strength despite slowing growth.
On Tuesday, Neel Kashkari, President of the Minneapolis Fed, predicted that the most likely scenario would be to keep interest rates unchanged in 2024, and said progress in curbing inflation had stalled. Yesterday, Boston Fed President Susan Collins also spoke up. She expressed optimism about being able to bring inflation down to the target level of 2%, and emphasized that the current monetary policy is well-oriented and moderately tightened.
BTCUSDTBitcoin time frame 4 hours
If Bitcoin reaches the specified FVG area, it can climb up to the $65,000 range.
Crude Thursday Forecast I've been very reluctant to publish any idea's this week intra day, as I believe we are in retracement from the amount we sold off recently.
The 4hr wick CE is the point of interest I have where price respected
I am aiming for the 15min SSL to be broken and a setup form this CME open....
Lets wait and see...
XAUUSD : Gold is too safe until the end of the weekThe world gold price is currently trading around 2,310 USD/oz and is still in a short-term sideway phase. It's clear that the USD's recovery due to recent "hawkish" statements by Fed officials is creating certain resistance.
According to TD Securities commodity strategist Daniel Ghali: "The market is currently 'waiting for a push' to break out, but the downward momentum seems to be limited by the caution of fund managers. " This comment shows that the general psychology of investors is cautious due to the lack of clear signals about market trends.
On the other hand, according to the World Gold Council, in April, PBOC bought an additional 1.9 tons of gold, recording the 18th consecutive month of net buying. In fact, the pace of net gold purchases by many central banks in Asia, including the PBOC, has slowed down. However, with net buying still occurring, this is still creating momentum for gold.
In the long term, many experts still predict that gold is in an "uptrend" and could rise to 3,000 USD/oz (more than 90 million VND/tael) next year and possibly even to 4,000 USD/oz (more than 120 million VND/tael). VND/tael) and even more than 10,000 USD/oz (more than 300 million VND/tael) in the following years.
DXY : DXY is likely to weaken following the dataAs of the time of writing, the DXY index extended its recovery for the fourth consecutive session, trading around 105.50 and at the same time putting pressure on major currency pairs.
In the early morning of May 9, the State Bank announced that the central exchange rate USD/VND increased by 6 VND, currently at 24,249 VND. The reference exchange rate at the State Bank's Buying - Selling Exchange remains unchanged at: 23,400 VND - 25,450 VND.
GOLD : Gold will increase unexpectedly in the near futureAccording to the World Gold Council, first-quarter gold purchases by central banks were the heaviest in history. Some market observers say gold's 12% gain this year is partly driven by central bank demand.
According to Goldman Sachs, central banks tend to buy gold in the long term and it is possible that emerging market countries may buy more gold.
“Emerging-market central banks are driving the gold rush,” Goldman researchers said. However, their gold holdings still account for only 6% of reserves, half that of developed countries."
Gold prices are also driven by demand from Asian investors, especially in China, where demand for gold is growing due to an underperforming economy and gloomy markets. Rising geopolitical risks and conflicts in Ukraine and the Middle East have also boosted gold purchases as a safe haven asset.
Spot gold decreased 0.6% to 2,310.34 USD/ounce. The Bloomberg Dollar Spot Index increased slightly. Silver, palladium and platinum all fell in price.
XAUUSD : Gold waits for a strong breakthroughGold prices opened the week with a positive signal, recording a slight increase. However, investor sentiment became more cautious due to mixed comments from Fed officials about the upcoming monetary tightening roadmap, while also being pressured by the upward trend of the USD.
The sparse US economic calendar will keep investors focused on the speech from Fed officials this week, following the US jobs report released last Friday.
ActivTrades senior analyst Ricardo Evangelista said that employment data is much weaker than forecast and slowing wage growth will cause the FED to consider loosening monetary policy soon. After the data was released, the CME FedWatch Tool showed that the likelihood of the Fed cutting interest rates by 0.25% in September increased from 55% before the report to 85%.
XAUUSD : Gold will likely return to its old peakWorld gold price yesterday recorded a high of 2,332.22 USD and closed the session up nearly 1% to 2,323.99 USD. Do you find it strange? This number must have been chosen by the driver. Along with that, the domestic gold price continues to set a new peak.
World gold prices have increased more than 12% in 2024 thanks to expectations that major central banks will start reducing interest rates. Coupled with new concerns that the Middle East conflict could flare up again between Israel and Hamas, this could provide a significant boost to gold. However, this factor has been quite lackluster in recent times, instead driven by economic data and gold demand from central banks.
Gold prices rose nearly 1% on Monday, supported by an improvement in risk appetite due to rising expectations that the Fed may start easing policy sooner than expected. This follows last Friday's Nonfarm Payrolls (NFP) report, which showed the economy is still creating jobs but at a slower pace. Along with that, economic data from China, a major gold market, still shows positive signals.
Indian gold buyers are price sensitive, causing demand to frequently decline when spot gold prices (excluding import taxes) in India increase. However, according to Bank of America, the recent stabilization of gold prices has helped the market regain balance, as shown by the increased difference between domestic gold prices in India and London gold prices.
2024 will see the strongest net gold purchases by central banks ever, contributing to a surge in global bullion demand in the first quarter. According to a World Gold Council (WGC) report published on Tuesday, these institutions added 290 tonnes of gold to their official reserves in the first three months of the year, with China being a net buyer. largest gold, according to Bloomberg.
Therefore, the outlook for this precious metal remains positive in the remainder of Q2, especially the motivation coming from net gold purchases from central banks, especially from China, according to Bloomberg.
DXY : Weakening USD creates momentum for goldThe DXY index is currently trading around the 105.00 mark, recording a slight decrease during Monday's trading session.
The dollar remains supported by persistent inflation concerns, as Fed Chairman Jerome Powell has warned. However, the weaker-than-expected jobs report released last Friday showed signs that the US economy may be slowing and expectations that the Fed will cut interest rates in September are higher than ever. out, there is a potential risk of pushing the USD even lower.
The US economy is currently painting a rather complicated picture. On one hand, consumer demand remains strong and the labor market is stable. However, April employment data showed some signs of weakness, making investors worried about future economic growth.
However, Fed Chairman Jorome Powell's caution, highlighting trend instability and uncertain progress in controlling inflation, could help boost the USD if upcoming economic data shows signs of positive.
SQ Block Options Ahead of EarningsIf you haven`t sold SQ before the previous earnings:
Then analyzing the options chain and the chart patterns of PSQ Block prior to the earnings report this week,
I would consider purchasing the 72.50usd strike price Puts with
an expiration date of 2024-6-21,
for a premium of approximately $5.25.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
XAUUSD : Gold is likely to continue rising during the weekWorld gold increased slightly after falling for two consecutive weeks
World gold prices fell for the second consecutive week with the closing price just slightly above the threshold of 2,300 USD at the end of last week. Set in the context of relatively conservative fluctuations after important news, notably the Fed's monetary policy statement in mid-week and US employment data released on Friday.
The decline in gold surprised many traders, as they expected a stronger reaction in the context of a sharp drop in US government bond yields after Fed Chairman Jerome Powell revealed the possibility of monetary easing in the coming months. future, despite concerns about rising inflation. This somewhat "dovish" view has boosted market psychology, directing capital flows to risky assets instead of haven assets like gold.
DXY : USD will decline after many strong fluctuations.The DXY index fell sharply last week, reaching its lowest level since April 10. This sell-off mainly stemmed from a decrease in US government bond yields after the Fed's somewhat "dovish" statement and weaker-than-expected employment data. Accordingly, DXY fell nearly 1%. However, the weekend session saw a rather strong withdrawal, somewhat narrowing the downward momentum. Accordingly, the major currency pairs also have similar fluctuations.
XAUUSD : Gold is falling to create upward momentum todayThe greenback continues to weaken but gold is not really benefiting
Gold price is currently quite calm around the 2,305 USD mark. Optimistic market sentiment, falling US government bond yields and a weakening USD are the factors that are having the main impact on this precious metal.
Investors are continuing to evaluate Chairman Jerome Powell's comments on Wednesday and the Fed's decision to leave interest rates unchanged. Previously, investors predicted the Fed would take a more "hawkish" stance. However, the reality is the opposite and the price of gold has skyrocketed to nearly 2,330 USD. However, gold could not maintain this increase and turned down afterwards and is currently trading around the $2,305 mark, just below the 20 EMA.
GOLD : Gold's ability to increase is still thereXAU/USD has met the minimum requirement to complete a bearish "Measured Move" pattern after reaching the 0.618 Fibonacci level of wave C at $2,286. This means that gold prices will likely go up in the near future.
This pattern is made up of three waves in a zig-zag pattern. The end of wave C, which is also the final wave, can be estimated based on the length of wave A and will usually be equal to the length of wave A or equal to the 0.681 Fibonacci ratio of wave A. If the price penetrates the 0.681 Fibonacci level At 2,285 USD, it is possible that wave C in this model will be equal to wave A and the target will be 2,245 USD or also the Fibonacci 1,000 threshold.
In general, the trend of gold prices is still increasing in both the medium and long term. If it successfully breaks through the cluster of SMA lines and the peak of wave B at around 2,350 USD, it could open a new price increase and XAU/USD could completely return to test the high of 2,400 USD.
However, the Fed did not forget to send the market a "hawkish" signal on the issue of inflation, specifically: "In recent months, there has been no significant progress towards the 2% inflation target. " This makes some investors concerned about the possibility of the Fed raising interest rates in the future, which could negatively affect gold prices.
XAUUSD : Gold is back on the rise once againThe current gold price is trading around 2,323 USD/ounce. The golden boy immediately regained the mark of 2,300 USD/ounce after yesterday's sharp decline to 2,285 USD/ounce.
The spot price of gold (XAU/USD) soared last night to more than 2,328 USD/ounce after Fed Chairman Jerome Powell spoke. Mr. Powell affirmed that cutting interest rates now is inappropriate until inflation shows clear signs of returning to the 2% target. He also added that this year's inflation data is "not convincing enough" to change the Fed's stance.
Gold prices rose slightly after the Fed took a less hawkish stance than expected by keeping interest rates unchanged, and Japanese authorities were suspected of intervening to support the Yen, damaging the USD.
