LAGFX Forex Learning Lounge
Annual inflation in the United States stood at 3.3% in May, compared to 3.4% in April, according to a report by the Bureau of Labor Statistics on Wednesday, exceeding expectations. The consumer price index (CPI) was unchanged on a monthly basis. The price of shelter grew 0.4% from April, food was up 0.1%, while energy fell by 2%.
The core inflation or the CPI without food and energy was at 3.4% year-on-year, compared to 3.6% in April. Month-on-month, core inflation was at 0.2%.
Price is currently correcting inside the higher timeframe bearish correction meaning its giving us some temporary bullishness. I want to see price trade us up and into one of three area of Supply before taking us lower in the market longer term.
Once price trades us into a zone and delivers us with entry criteria we can start to look at selling into this market before we take it long, longer term.
For those of you who are wanting to get involved in this market longer term, you could look to get involved in some long positions from an area of Demand you feel is suitable, one that offers you a refined entry.
The price of crude oil for front-month contracts continued rising on Monday after Goldman Sachs analysts signaled that summer fuel demand could propel the market to a supply deficit in the next few weeks. Additionally, the Organization of the Petroleum Exporting Countries (OPEC) is expected to release its monthly report on Tuesday, providing traders with more information on the latest developments in the oil market.
West Texas Intermediate (WTI) for July settlements climbed by 3.28% to sell at $77.87 a barrel at 2:46 pm ET. At the same time, Brent for August deliveries gained 2.89% to trade at $81.77 per barrel.
So with that being said, once price trades us down and into this area I will be looking at buying more Shiba round this area, at this point it will be worth round half of what it is currently valued at and we will have hit a new low.
I believe price is within its new wave to trade us higher, I just feel price is correcting itself more fractally, hence this current bearishness we are seeing now.
I feel this bearishness will stop once sellers have sold off, and buyers begin to buy in again at this area of interest. There are sell orders in spot sat round this area of interest which I feel will want to be closed before the hike up.
This also gives us buyers a great price to get in at before it takes its next large hike. Recent milestones being met like ShibaSwap I feel this crypto holds a-lot of wait.
The price of white metal declined to its lowest level since mid-May on Monday as concerns about the future of the Federal Reserve's monetary policy appeared to weaken investors' appetite for safe-haven assets.
The highly-watched inflation gauge showed that the annualised core personal consumer expenditures rose more than expected in April, sparking uncertainty ahead of the Federal Reserve's rate decision meeting next week.
Silver decreased 2.01% to sell at $29.81 per ounce at 7:47 am CET.
I want to see the last low break and for price to begin trading beneath it, this will give us the confirmation we need in order to see further bearishness longer term in this market.
This trade is currently running + 46 pips. (+ 1.1%) 1.1RR ?
A big well done to anyone who got involved in this market, there was the opportunity to get involved with a more refined entry as you can see the fractal area of Supply I marked out.
I personally went from the 1D Supply Zone just to ensure safety on my position, yes this gives us a less refined trade and a lower RR return but it ensures that we can profit well from the position.
I am expecting a continuation now in this bearishness, I want to see a further down move take place, we can expect price to pullback and correct itself but this shouldnt stop price trading lower overall.
This trade is currently running + 60 pips. (+ 2%) 2RR ??
Please ensure that you apply good safety measures with your position and you are taking partials throughout your trade, this is to bank profits.
If you have any questions with regards to the analysis please dorp me a message or comment below and I will get back to you ASAP! Well done to all involved.
If you haven’t done already go and check out the latest Sunday Sessions video, this is where the guys at LAGFX analyse the markets before the week starts.
This is a great video for those who want an insight into how we like to trade, whilst also gaining a good understanding on the markets we are looking to tackle in the coming week!
If you have any feedback or have any questions don’t hesitate to drop one of us a message or leave a comment below!
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The number of jobs in the United States private sector saw a monthly increase of 192,000 in April, climbing faster than analysts' expectations, Automatic Data Processing Inc. (ADP) revealed in its National Employment Report published on Wednesday.
Most new jobs – 98,000 – were registered in large enterprises, followed by mid-sized ones with between 50 and 249 employees at 46,000 and mid-sized ones with between 250 and 499 employees at 16,000. Among sectors, leisure and hospitalities added 56,000 new jobs, followed by trade, transportation, utilities along with education and health services which both recorded 26,000. Professional and business services added 22,000. Median change in annual pay grew by 5.0% for job-stayers and 9.3% for job-changers.
"Hiring was broad-based in April […] Only the information sector – telecommunications, media, and information technology – showed weakness, posting job losses and the smallest pace of pay gains since August 2021," ADP Chief Economist Nela Richardson said.
I suspect TP will be achieved by the end of tomorrow. We are seeing price put in a correction at the moment down and into the OB thats sat just below price at the moment.
This trade is currently running + 142 pips. (+ 12%) 12RR ??
Once price trades into the 0.6540 are I am expecting price to go on to trade us back up and towards our end target, well done to all involved.
Remember to take partials and apply safety measures with your trading positions, its important to apply these safety measures making the most from our trades.
I am now wanting to see a continuation in bullishness trading us up and into the Supply Zone I have marked out above, from there we can look to take this market short.
This trade is currently running + 430 pips. (+ 5%) 5RR ??
A big well done to those who got involved in this market, another reminder to follow the analysis I provide you all with so you dont miss out on trades like this.
Any questions with regards to the analysis or the trade itself drop me a message or comment below and I will get back to you asap! Remember to apply safety measures and take partials.
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Major stock indexes on Wall Street continued to move upward on Monday, with the Dow Jones surging over 300 points. Fears that the crisis in the Middle East would blow up subsided, seemingly pushing the stocks up. In addition, incoming earnings reports from some of the Magnificent Seven corporations potentially affected the market mood as well.
The Dow Jones skyrocketed 0.83% or 316 points at 1:30 pm ET. At the same moment, the Nasdaq 100 jumped 0.97% and the S&P 500 soared 1.01%.
The euro traded flat against the dollar at 1:31 pm ET, changing hands for 1.06531.
If you haven’t done already go and check out the latest Sunday Sessions video, this is where the guys at LAGFX analyse the markets before the week starts.
This is a great video for those who want an insight into how we like to trade, whilst also gaining a good understanding on the markets we are looking to tackle in the coming week!
If you have any feedback or have any questions don’t hesitate to drop one of us a message or leave a comment below!
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I will provide some indepth analysis on how this pair has played out over the course of the past 24 hours, giving you all a better understanding on what its doing.
This trade is currently running + 11 pips. (+ 0.5%) 0.5RR ?
I am expecting price to continue in this direction and eventually trade us down and into our TP target. It is important we manage our trades accordingly.
Well done to all involved, any questions drop me a message or comment below and as I say I will update you all shortly on how price has played out up to now.
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Why such a remarkable difference? When you trade with our preferred broker, they shoulder a significant portion of the access fee, making this invaluable resource accessible at an unprecedented rate.
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