Trading and Beyond with Sifu Steve

Owner: sifusteve Created: 10/10/2023

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DXY will rally again or remain consolidated

sifusteve

The market is random and confused with the global situation and also the market condition.

DXY fell on Monday with no news

sifusteve

Hmm, a huge drop on a day without high impact news. Are many holders of US Treasuries selling their holdings?

DY do something again. No follow through!

sifusteve

Wednesday closed Bullish and rejected from D fvg, there was no follow through yesterday to make an increase. Unemployment Claims data is positive and USD bullish, but DXY is still close Bearish yesterday. Are outside powers selling US Bonds to protect their currency? Jerome Powell's speech yesterday is almost obvious that he wants to raise interest rates.

DXY has confirmed bullish order flow still remains with yesterday's price action

sifusteve

Patience is beautiful. Yesterday was an important moment to determine the strength of DXY/USD still remains in the market or the weakness has started. The reaction on Daily FVG yesterday and the closing candle was clearly bullish. Therefore, the Euro and GBP will experience weakness for the next few days.

DXY seems unwilling to rally. Or, is this manipulation?

sifusteve

DXY has been trading below the Weekly Opening Price for Monday and Tuesday. USA Retail Sales yesterday gave bullish USD data. However, DXY does not show positive movement in line with high impact news data. 2 scenarios here, either DXY wants to make a decline, or this is manipulation and DXY may rally on Wednesday or Thursday this week. What's your opinion?

DXY will make an increase

sifusteve

From yesterday's (Monday) price action, DXY dropped into the Daily FVG. Inefficiency has been delivered. The latest NFP shows a strong job market. The latest CPI shows inflation is still high. World oil prices remain high. The Israel-Hamas war that is still going on will trigger "flight to safety". Safety means USD and Gold. Interest rate hike sentiment is strong in the market.

The market has begun to price in the potential for the Federal Reserve to raise interest rates. Furthermore, the ongoing war.

sifusteve

DXY htf order flow remains after CPI

sifusteve

CPI has confirmed that DXY will continue HTF order flow to a higher target.

DXY is still showing weakness. Is this a Seller trap?

sifusteve

Many people must be excited to sell USD, which means Buy xxxUSD and Sell USDxxx. However, PPI increased yesterday. The world situation is dire. The price of crude oil will rise. If CPI prints the same or higher tonight, DXY may rally.

My thoughts today : 11 Oct 2023 1:51pm

sifusteve

DXY looks weak and is now consolidating in the HTF PD array. Maybe PPI will help DXY break down. We'll see later at 8:30pm.

Will the US Interest Rate rise or remain at the current rate?

sifusteve

The US interest rate will manipulate the USD / DXY currency and directly also manipulate the currencies of the whole world. Let's share your opinion about the probability of US interest rates remaining or going up... or going down?

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