Daily watchlist: USD bears hunting the 92.00 level and ETH short squeeze in play [Video]

Orlando Gutierrez Learn 2 Trade

In today's daily watchlist we discuss the possible reversal in the DXY on a possible diagonal breakout. Fundamentally speaking we remain bearish on the USD and consider the last bullish run to be irrational and triggered by prospects of future rate hikes with the Fed keeping its inflationary round of QE at the same pace.

We go further to discuss our Gold longs and the possible new long entry that we are waiting for.

finally, we talk about the levels we are watching to add to our ETH longs on a massive short squeeze created by the mid-term bearish structure breakout.

Watch my daily watchlist to know what markets I'm watching for the day and the moves we are expecting.

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Author

Orlando Gutierrez

Learn 2 Trade

Orlando has been involved in the financial markets for about 10 years. His focus is Global Macro and he is a strong believer that the best way to trade the currency markets is focusing on the big picture and holding on to big macro trends.

EUR/USD trims gains, back below 1.1800

EUR/USD now loses some upside momentum, returning to the area below the 1.1800 support as the Greenback manages to regain some composure following the SCOTUS-led pullback earlier in the session.

GBP/USD off highs, recedes to the sub-1.3500 area

Following earlier highs north of 1.3500 the figure, GBP/USD now faces some renewed downside pressure, revisiting the 1.3490 zone as the US Dollar manages to regain some upside impulse in the latter part of the NA session on Friday.

Gold climbs to weekly tops, approaches $5,100/oz

Gold keeps the bid tone well in place at the end of the week, now hitting fresh weekly highs and retargeting the key $5,100 mark per troy ounce. The move higher in the yellow metal comes in response to ongoing geopolitical tensions in the Middle East and modest losses in the US Dollar.