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“It’s time to act” and be ready for more rate cutsThe Fed raised interest rates to curb inflation, which peaked at a historic 9.1% in June 2022. Maintaining very high interest rates over the past two years has caused many difficulties for Americans, and the economy has recently shown many negative signs, affecting the labor market. Many experts are worried that the US economy will fall into recession. Over the past month, Fed officials have sent many signals that the bank will cut interest rates. The clearest signal was on August 23 when Fed Chairman Jerome Powell gave a speech saying that "it is time to adjust monetary policy", when inflation in the US has decreased significantly and the labor market has also cooled down to normal levels. Mr. Powell said that the Fed "will do everything" to support a strong labor market. This statement was immediately interpreted as the Fed will begin the process of cutting interest rates from the September meeting.
TVC:GOLD
by NicoTradingMaster
NZDCAD TRADE AFTER THE PLAN.Hello traders around the world. My name is Alexandre Karim. Today we will be talking about NZDCAD double long position. I already posted my analysis on 9 March showing you the long position scenario. Lets talk abou the first position on NZDCAD which was a descending channel / falling wedge on the daily lower TL. The entry was at the breakout of the pattern (0.82780) and the SL below the previous low (0.82592). Moved to breakeven when the price broke the upper TL of the 4H / Daily chart. Running currently at 11%. The second position on this pair was an hourly bull flag as outer structure. The entry was at the breakout of the pattern (0.83564) and the SL below the previous low (0.82592) Currently I'm looking for a 1H correction to lock below it and secure %. Be patient. Look for the best set up. Trade quality not quantity. #THEPRIMES
Long
by alex_k_95
I am long on AUDUSD After a prolonged downward trend, AUDUSD has returned to a stable market, showing signs of bottoming out. I plan to initiate a light long position on AUDUSD, adding on dips, and will reap a decent profit if a bottom forms. My personal trade recommendation: Enter a long position near 0.67000-0.67050, with the first profit target at 0.67800, second at 0.68500, and third at 0.69200. If you are trading with me, please control your position size reasonably, and those with small capital or poor mentality should not participate. I have extensive knowledge of futures products such as cryptocurrencies, foreign exchange, stocks, gold, and crude oil, and regularly update my daily trading strategies. Thank you for your support and likes, and please feel free to leave me a message if you have any questions. I will provide the most secure advice and hope to help you.
Long
by FlashTrades_
2
GBPJPY: A clear SIGN of Inversion! Hi traders and welcome to my channel, if you enjoy my FREE Technical Analysis 📈 and Trading Tips 📉, support the idea hitting the LIKE 👍 button and don't forget to SUBSCRIBE ✔️ my channel, you won't miss anything ! 🟢 Forex Pair : GBP/JPY ⚪ Technical Analysis : Since the beginning of January 2021, the price has been following an interesting trendline, moving up until a strong resistance zone at about 142.500. It got many rejections on that level and it is currently re-testing the same zone. In the daily perspective, a red pin bar just around the resistance zone could be an interesting sign of weakness and market reversal. 🔴 Conclusion : I'm confident to see the price going down until the next support zone and eventually even more if it will be able to break its main trendline. Once I'll get a proper confirmation of market reversal, I'll open my short position on this trade. Stay tuned for Updates and Trading Signals ! What's your opinion? Share your idea writing a comment! ⚠️ Please note the views are not investment advice and should be used only for educational purposes ⚠️ Trade Safe and Responsibly , Gianni
Short
by FXtrades-gp
27
GBPJPY / H1 / Daily Forex Technical Analysis / 5.16.2019Hello Traders, welcome to the Daily Forex technical analysis. Today is May 16th, 2019 and we will be taking a look at the British Pound against the Japanese Yen. Looking at the 1 hour time price action has reverted back to a previous area of support and resistance near the 140.2 levels. If we can get some sort of a short bullish bounce near this area, we would be looking for an opportunity to go Long. Entry for a Long position near the 141.161 area, with a Stop Loss near the 140.611 zone, and a target profit level area of 142.512 to ensure a profitable trade with a potential 2.46 to 1 R/R.
Long
by FuturesForexClasses