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See if you can apply the lesson from reading this article to others (hint: EURUSD making a fresh run at its upsaide)
How was GOLD (XAUUSD) a victim of collateral damage?
Trump-Putin call ends… stocks getting a very modest bump, EURUSD holding its bid
Rate Moves Could Be Delayed Until Summer
The Trump administration’s new policies are causing significant economic volatility in the U.S., making it difficult for the Fed to assess the situation clearly enough to adjust interest rates before late spring or summer
There are challenges posed by multiple sources of uncertainty, including tariffs, trade policy, unpredictable inflation, declining consumer sentiment, immigration policy’s impact on the labour force, energy policy, tax reforms, federal spending, and geopolitical tensions.
Tariffs are likely to result in higher prices for American households, who are already grappling with elevated costs.
The Federal Reserve’s next policy meeting is scheduled for March 18-19.
TIME TO REVISIT THIS ARTICLE AS EURUSD FOCUS IS ON 1.0950
EURUSD HIGH 1.0954 => LAST 1.0944
My Favorite Trading Secret: The Power of the “50” Level
XAUUSD 4 HOUR CHART – WHERE’S THE TOP
There is no reason to guess at a top until charts tell you there is a reason to do so.
Resistance: Use the most recent (record) high: 3028 so far today
Support: To state the obvious, 3000 will dictate the tone, below 2978 would be the level where charts say there is a top
Using my platform as a HEATMAP shows
… the dollar trading weaker except vs. a weaker JPY (USDJPY came within spitting distance but backing off after being unable to test 150).
EURUSD break of 1.0947-50 would need to hold to put 1.10 on the radar.
Middle East heating up, supporting oil and gold but little signs of stress elsewhere.
XAUUSD extends record high above 3005.
US stocks steady and seeing if they can build on a 2- day rally
Looking ahead,
Trump-Putin call today
entral bank meeting deluge starts on Wednesday
USDJPY 4 HOUR CHART – Reacting to risk on
What has the weaker JPY been telling us?
No BoJ rate hike this week?
Foreshadowed a shift out of a risk off mood?
Chart shows 149.32 stands in the way of key levels… 150.18 and 151.30
While 150+ should be tough, only back below 148.00-25 would shift the risk the other way.
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