Alpha Circle Nsukka | Charts, Psychology & Market Discussions

I think so but not strongly since US-Iran has reach agreement somehow. It might contribute to possible US interest hike but not strongly.

Personally I wouldn't be in the market hrs to the news to avoid unnecessary SL hits

Hmmm. Let's keep watching how it goes. This US-Iran deal looks like it has some uncertainties that would come with it upon implementation but that's a long time away.

Forex news update powered by Marvelous-Treasure

The middle east is playing in the game👀

As a spillover from yesterday, today's Forex market is characterized by cautious optimism as traders await the US Federal Reserve's interest-rate decision. The ongoing developments regarding a potential US-Iran peace deal are also playing a significant role, influencing currency movements and overall market sentiment.

Key Highlights:

US Dollar: The dollar is trading with a muted tone ahead of the Fed's announcement, with traders closely watching any signals from the Middle East peace talks.

Japanese Yen: The Yen has seen some gains, with traders anticipating the Fed's decision. However, concerns about intervention remain as the Yen hovers near key levels.

British Pound: Sterling has stabilized, showing resilience despite softer UK inflation figures released today.

Euro: The Euro is being closely watched, with analysts suggesting a fade of rallies if the Fed's stance disappoints hawks.

Commodities: Gold is trading with a slight negative bias, holding above the $4,300 mark as traders remain hesitant ahead of the Fed's policy decision.

Market Sentiment:

Asian markets are trading mixed, reflecting a cautious approach as investors digest the latest news. Optimism surrounding a potential peace deal between the US and Iran is present, but the upcoming Fed decision is a major focus.

Traders are advised to monitor the Fed's statements (uncertainties) closely for any indications on future monetary policy, as well as any further developments in the Middle East peace talks, which could introduce additional volatility into the currency markets.

It's gonna be a good day but trade wisely.

So what do you think could be the uncertainties

Yes the fed decision may push toward the dovish pivot base on the last housing data from may

Let's keep our eyes on the game. This would be a good time to trade "wisely"

Yeah, currently on gold sells, I opened two positions manh closing soon

Is this the best time to go sell on crude oil?

My opinion would be yes but what do you think?

For me I would advise a cautious approach instead because the higher picture is showing a retracement back to that 4h order block level, to have a good setup just wait for the run into that level and a retracement back in your 15min breaking a key level to the downside before the sell, and before this the fed news and everything just have been calm it's a swing model, so that's my opinion on it because I swing and day trade.

This what I mean, 4h order block marked with the shape

Patience is a Trader Secret weapon, deep down you already know that patience is a very important skill but some of you are not working on being a patient Trader, you blow your accounts way before the market presents better opportunity.

You will never Be Profitable if you are not Patient enough to wait for your Setup , it might appear fewer times in a week than expected but it's more than enough to make you profitable.

"It is easier to find another entry than to find another Capital"

Why is everyone selling gold today

Na planned work? Una wan set up gold

You are a wise man infact from this reply I am convinced you are a profitable trader because every profitable trader must first talk about patience , second discipline, third consistency

But gold can skyrocket today after the rate news

Gold is likely going to hit 4400 soon

Let's see if the FOMC would be positive

You see the zone I marked? I knew price will definitely touch that level it's experience, if oil see a downside and dollar sees an upside buy usdcad with good amount. But not a financial advice

Gold is on the rise. I hope the FOMC is going to be in favor.

Baba God don show me way

Don't conclude yet, still in my moulding stage

Is not easy to acquire these qualities 🤦🏻‍♂️

🚶🚶🚶🚶🚶

At least XAUUSD no dey copy other pairs madness.. it only reacts to fundamentals that can increase it volatility and it can start messing up

Na why I like am. 😂 Despite it has done more evil to me than good Omo my love for that pair still remain unmitigated 😂💯🫴😁