Hello traders
I have entered into a long position at 1.1665.
The charts show a base being built right around that level.
DXY is ticking down but US 10Y yield is steady.
Bitcoin at an all time high is in my opinion not a sign of risk on but rather USD liquidation in favor of BTC.
Gold has just broken above the last daily high.
There are rumors making the rounds that FOMC Powell is considering resigning which will be negative for the USD. Keep in mind, Jerome Powell is the spokesperson for the FOMC, not the only voting member.
7/30/2025
FOMC rate decision
7/31/2025
The Federal Appeals Court starts hearing arguments for the use of IEEPA to impose sweeping tariffs that was declared unlawful by the Court of International Trade located in Manhattan, NY.
August 2025
More threatened tariffs may start.
Things are heating up.
Best of luck.
I have entered into a long position at 1.1665.
The charts show a base being built right around that level.
DXY is ticking down but US 10Y yield is steady.
Bitcoin at an all time high is in my opinion not a sign of risk on but rather USD liquidation in favor of BTC.
Gold has just broken above the last daily high.
There are rumors making the rounds that FOMC Powell is considering resigning which will be negative for the USD. Keep in mind, Jerome Powell is the spokesperson for the FOMC, not the only voting member.
7/30/2025
FOMC rate decision
7/31/2025
The Federal Appeals Court starts hearing arguments for the use of IEEPA to impose sweeping tariffs that was declared unlawful by the Court of International Trade located in Manhattan, NY.
August 2025
More threatened tariffs may start.
Things are heating up.
Best of luck.
Trade closed: stop reached
I have mentioned before, NEVER get too confident in a Headline number like NFP'S and CPI. My strategy is to have a stop in place and if the trade bounces at the time of release to lock in a few pips by raising the stop. Exactly what happened this morning. I locked in 5 pips and the stop was filled. Reason for this: As individual traders we do not have the resources to parse the data in short order. The increase in the MoM numbers in energy, shelter, food at home and medical care services caused the market to reverse ahead of the weekly low.
I'll consider another long if price reaches the NY low before tomorrow or a short approaching 1.1653. Same strategy because tomorrow's PPI number is very likely to be higher too. The tariffs are showing up in the numbers. Also, watch the Bond market closely.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.