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The concerns about a recession in the US and the unwinding of yen carry trades have caused the dollar to weaken. However, as expectations for a big rate cut (50 basis points) by the Federal Reserve have diminished, the market is gradually stabilizing. The Fed has indicated that we are not in a recession and that the market is overreacting. They also stated that they will continue to refer to upcoming economic data, maintaining a cautious stance regarding the rate cut decision at the September FOMC meeting, which still remains highly uncertain.
The Reserve Bank of Australia kept interest rates unchanged during its August monetary policy meeting.
Meanwhile, despite international mediation efforts, tensions between Iran and Israel persist, with an expected Iranian attack on Israel anticipated on the 12th.
On August 9, Germany's July Consumer Price Index will be released.
On August 13, the US July Producer Price Index will be released.
On August 14, the UK July Consumer Price Index and the US July Consumer Price Index will be released.
The AUDUSD pair dropped to below the 0.64000 level but has since rebounded to recover to the 0.65500 level. It is currently in the process of forming an upward trend, so it is expected to continue its rise towards the recent high, with the next target anticipated around the 0.69000 level.
However, if it breaks below the 0.64000 level, it could open up significant downside potential, necessitating a revision of our strategy.
We will quickly adjust our strategy if the movement deviates from our expectations.
Please share your personal opinions in the comments. Don't forget to like and subscribe.
The concerns about a recession in the US and the unwinding of yen carry trades have caused the dollar to weaken. However, as expectations for a big rate cut (50 basis points) by the Federal Reserve have diminished, the market is gradually stabilizing. The Fed has indicated that we are not in a recession and that the market is overreacting. They also stated that they will continue to refer to upcoming economic data, maintaining a cautious stance regarding the rate cut decision at the September FOMC meeting, which still remains highly uncertain.
The Reserve Bank of Australia kept interest rates unchanged during its August monetary policy meeting.
Meanwhile, despite international mediation efforts, tensions between Iran and Israel persist, with an expected Iranian attack on Israel anticipated on the 12th.
On August 9, Germany's July Consumer Price Index will be released.
On August 13, the US July Producer Price Index will be released.
On August 14, the UK July Consumer Price Index and the US July Consumer Price Index will be released.
The AUDUSD pair dropped to below the 0.64000 level but has since rebounded to recover to the 0.65500 level. It is currently in the process of forming an upward trend, so it is expected to continue its rise towards the recent high, with the next target anticipated around the 0.69000 level.
However, if it breaks below the 0.64000 level, it could open up significant downside potential, necessitating a revision of our strategy.
We will quickly adjust our strategy if the movement deviates from our expectations.
네이버 카페 :
cafe.naver.com/autumnis
오픈 카톡방 :
pf.kakao.com/_txlKqxj/chat
텔레그램 :
t.me/shawntimemanager
cafe.naver.com/autumnis
오픈 카톡방 :
pf.kakao.com/_txlKqxj/chat
텔레그램 :
t.me/shawntimemanager
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
네이버 카페 :
cafe.naver.com/autumnis
오픈 카톡방 :
pf.kakao.com/_txlKqxj/chat
텔레그램 :
t.me/shawntimemanager
cafe.naver.com/autumnis
오픈 카톡방 :
pf.kakao.com/_txlKqxj/chat
텔레그램 :
t.me/shawntimemanager
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.