MACRO ECONOMICS EVENTS

PIVOT

EURUSD

USD weakened quite significantly due to profit taking this week as market participants focused on hawkishness at the ECB Meeting. With this fact makes EURUSD get relatively bullish traction.

EURUSD Sentiment: Neutral - Bullish

Entry Buy Limit 1.02228

Stop Loss 1.01788

Take Profit 1.02925

GBPUSD

Inflation in the UK tends to be more persistent and potentially higher, thus potentially making the BoE more aggressive in determining interest rates. Given this fact, GBPUSD has the potential to get bullish sentiment

GBPUSD Sentiment: Neutral- Bullish

Entry buy Limit 1.19843

Stop Loss 1.19158

Take Profit 1.20837

NZDUSD

The weakening of the US Dollar this week has made commodity-related currencies gain traction, so this makes the NZDUSD potential to strengthen in the medium-long term.

NZDUSD Sentiment: Neutral- Bullish

Entry Buy Limit 0.62188

Stop Loss 0.61952

Take Profit 0.62520

XAUUSD

Gold still has the potential to weaken due to the strengthening of the USD plus the closing price with a rejection candle pattern around the psychological 1700 level which can make XAUUSD get a bearish sentiment.

XAUUSD Sentiment: Neutral – Bearish

Entry sell Limit 1713

Stop Loss 1720

Take Profit 1705

WTI

Oil still has the potential to slip because the potential for a recession can reduce demand for Oil. With this fact, Oil still has a chance to move bearish

WTI Sentiment: Neutral – Bearish

Entry Sell Limit 102

Stop Loss 105

Take Profit 97