Greetings,
I hope all is well for those who have been following closely.
One of most important things that you might learn if you have been following closely is understanding HOW THIS GAME IS PLAYED. Once you understand why the price of GOLD is at where it is now despite many GURUS predicting that it will go sky high on account of 'HIGH INFLATION' , then you can say you finally understood.
I will repeat - focus on longer term - look for 300pips or more instead of just 10,20 or 50.
So what is next?
The current situation is now perfectly setup for a continued rise in the USD.
I do not see anything that can prevent this at the moment. In short, it is all about $ shortage/liquidity.
The causes are quite evident:
1) FFR going up + QT
2) Drop in growth in $ supply - M2
3) A persistent drop in GLOBAL economic activity -> $ circulation/velocity drop -> less $ available
4) A worldwide recession - US might fall into a technical recession this quarter.
Inflation will continue to be high in the US as it relies on imports. And there will be less to import as supplies dwindles globally as more businesses/countries go bust.
Anyway, lets continue on our path to making more profits. I will continue selling EURUSD until the Fed pivots.
P/S : Do not just believe what I say. Use you common sense.
I hope all is well for those who have been following closely.
One of most important things that you might learn if you have been following closely is understanding HOW THIS GAME IS PLAYED. Once you understand why the price of GOLD is at where it is now despite many GURUS predicting that it will go sky high on account of 'HIGH INFLATION' , then you can say you finally understood.
I will repeat - focus on longer term - look for 300pips or more instead of just 10,20 or 50.
So what is next?
The current situation is now perfectly setup for a continued rise in the USD.
I do not see anything that can prevent this at the moment. In short, it is all about $ shortage/liquidity.
The causes are quite evident:
1) FFR going up + QT
2) Drop in growth in $ supply - M2
3) A persistent drop in GLOBAL economic activity -> $ circulation/velocity drop -> less $ available
4) A worldwide recession - US might fall into a technical recession this quarter.
Inflation will continue to be high in the US as it relies on imports. And there will be less to import as supplies dwindles globally as more businesses/countries go bust.
Anyway, lets continue on our path to making more profits. I will continue selling EURUSD until the Fed pivots.
P/S : Do not just believe what I say. Use you common sense.
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.
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.