Social experiment! How Long or Short are you?
Updated
Hey Guys and Galls!
I think we can all agree that the EURUSD is a pretty big market (understated) that most traders have dipped their toes in at one time or another.
I've noticed a pretty interesting inverse correlation between Trading View ideas and general price direction so I just wanted to ask you a quick question to see what happens.
Which will we see first;
A) 1.0850
OR
B) 1.0450
I have 3 followers so I'm not exactly expecting a lot of responses :D but If you're reading this then i would really appreciate your two cents and if you're feeling generous then sharing your reasoning would also be very helpful. Not just to myself, but also to other readers.
Thanks people!
Trade safe
I think we can all agree that the EURUSD is a pretty big market (understated) that most traders have dipped their toes in at one time or another.
I've noticed a pretty interesting inverse correlation between Trading View ideas and general price direction so I just wanted to ask you a quick question to see what happens.
Which will we see first;
A) 1.0850
OR
B) 1.0450
I have 3 followers so I'm not exactly expecting a lot of responses :D but If you're reading this then i would really appreciate your two cents and if you're feeling generous then sharing your reasoning would also be very helpful. Not just to myself, but also to other readers.
Thanks people!
Trade safe
Note
So in the last FOMC meeting inflation was gently ticking lower MoM and even with that there was 'A few' fed members who thought A 50pbs increase was more appropriate than A 25pbs bump.Powell has always said that policy rates will be dictated by the data. So now that we know inflation has bounced higher, wage inflation remains hot, the jobs market is on fire, the PPI data is screaming that we have more inflation coming in the months ahead, retail sales data jumped significantly higher with consumer credit card debt stepping out on line I would think its more than reasonable to assume that the 'few' fed members who voted for a 50bps hike in this meeting will likely be joined by a few more members who will be voting for a 50bps in the next meeting.
Note
You can tell she started out as a politician! She's definitely put Powell in the hot seat!
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