While the first week of September Brought ample opportunities. I felt like there was a lot of FOMO (Fear of Missing Out) in this weekās anticipation for the Fundamental Projections.
I am sure that the USD Sentiment that came out touches on a few interesting Point we can take into Consideration for the Near future.
Economic Outlook: The mixed data points suggest the U.S. economy is experiencing moderate growth but is not firing on all cylinders. Slower job growth coupled with rising wages could indicate that employers are struggling to find workers, leading to higher pay to attract talent. This scenario could contribute to sustained inflationary pressures.
Monetary Policy Impact: The Federal Reserve may view the data as a signal that the labor market is cooling, albeit gradually. If wage growth continues without a corresponding increase in job creation, the Fed might remain cautious about further rate hikes, aiming to balance inflation control with the risk of slowing economic growth too much.
Market Reactions: Expect potential volatility in financial markets as investors weigh the implications of slowing job growth against stronger wage data. The data could lead to mixed reactions in stock markets, with sectors sensitive to consumer spending possibly showing resilience due to higher wages, while interest-rate-sensitive sectors may react negatively.
We can say that the overall sentiment of this market is going to be bullish but at a slower rate. which has already lined up with our projections on the charts.
Dollar Index(4h):
Itās been a rollercoaster for us with this Market for a while now and the fact that we have retraced back all the way to where we started a few weeks back does raise some concerning issues we have to take note of. The marketās last attempt at breaking the previous low resulted in just a mitigation of the Daily Orderblock and the 4h Fair-Value Gap and the excellent part is that the body of the candlestick closed above the Daily & 4h POI. Which have enabled us to make preparations for possible reversals.
This dives deeper into the price action and shows that the Fundamentals have been the diver of the Markets on Friday which does not solidify the fact that that there is sufficient data or not. We are waiting on further Confirmation inside the Mentorship because we seek to trade this market for the Coming week going into the future.
EURUSD (EUR/USD):
Although we have had an eventful week the markets have had a time when we seen the Higher Timeframes areas of Liquidity and Interest getting taken out. It is clear to see since the market is closed now and the fact that weāre though the Fundamentals, With the market seeming to take time to attempt to reach the Weekly Buyside Liquidity (BSL) it also fills up the question of the validity of these Fair-Value Gaps and their strength.
GOLD (XAUUSD):
Itās been a dilemma and a long time coming with this one. Since the Market is unable to break the Buyside Liquidity for the Second week In a row now, We can have concerns that the BSL being protected is a Strong POI-therefore there's is opportunity for a long-term sell off.
I have analyzed the Markets sudden reversal from that 1h POI meaning that there is a chance that the market will continue on to the upside from there and continue itās projections
Itās all going to be about taking a steady return to the markets. since we still have further Sentiments in the Coming days itās best to be as reserved as possible and apply all the knowledge shared with you guys
To a productive Week! š„
Onix
