Hello, subscribers!
Please share your personal opinions in the comments. Don't forget to like and subscribe.
Shinichi Uchida, Deputy Governor of the Bank of Japan, has made a dovish statement by indicating that there will be no rate hikes in the current unstable market conditions and that there is a need to continue financial easing at the current level for the time being. However, the risk remains that the narrowing of the US-Japan interest rate differential is a foregone conclusion, and there could be additional reversal of yen carry trade positions in the future.
Moreover, as most Federal Reserve members continue to make statements affirming their confidence in the US economy, concerns about a recession have significantly eased. Nevertheless, the market still expects a 50 basis point rate cut at the September FOMC meeting.
- August 9: Germany's July Consumer Price Index (CPI) will be released.
- August 13: The US July Producer Price Index (PPI) will be released.
- August 14: The UK July CPI and the US July CPI will be released.
- August 15: Japan's Q2 GDP, the UK's Q2 GDP, and the US July retail sales will be released.
GBPUSD has once again broken below the trend channel. This suggests the possibility of further declines to the lower trend line. The current chart shows that after forming a low at the 1.24500 level, there could be a rebound maintaining the upward trend, potentially reaching the 1.32000 level in the long term.
However, if the price breaks below the lower trend line, deviates from the trend, or shows movements different from the expectations, we will adjust our strategy accordingly.
Please share your personal opinions in the comments. Don't forget to like and subscribe.
Shinichi Uchida, Deputy Governor of the Bank of Japan, has made a dovish statement by indicating that there will be no rate hikes in the current unstable market conditions and that there is a need to continue financial easing at the current level for the time being. However, the risk remains that the narrowing of the US-Japan interest rate differential is a foregone conclusion, and there could be additional reversal of yen carry trade positions in the future.
Moreover, as most Federal Reserve members continue to make statements affirming their confidence in the US economy, concerns about a recession have significantly eased. Nevertheless, the market still expects a 50 basis point rate cut at the September FOMC meeting.
- August 9: Germany's July Consumer Price Index (CPI) will be released.
- August 13: The US July Producer Price Index (PPI) will be released.
- August 14: The UK July CPI and the US July CPI will be released.
- August 15: Japan's Q2 GDP, the UK's Q2 GDP, and the US July retail sales will be released.
GBPUSD has once again broken below the trend channel. This suggests the possibility of further declines to the lower trend line. The current chart shows that after forming a low at the 1.24500 level, there could be a rebound maintaining the upward trend, potentially reaching the 1.32000 level in the long term.
However, if the price breaks below the lower trend line, deviates from the trend, or shows movements different from the expectations, we will adjust our strategy accordingly.
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.