Hosting a Twitter Spaces in 5 mins
Join us here:
https://x.com/funding_traders/status/1697608067553370297?s=46&t=h6f6Q-3tPkbgbtGm5Qs3iA
Join us here:
https://x.com/funding_traders/status/1697608067553370297?s=46&t=h6f6Q-3tPkbgbtGm5Qs3iA
I'm hosting a Live Summit tomorrow along with other traders for FREE in our Discord server. We'll be going over how we'll tackle Q4 and much more.
(We'll host some giveaways too)
Join the event here:
https://discord.gg/zbArSQKY?event=1146228800804360323
(We'll host some giveaways too)
Join the event here:
https://discord.gg/zbArSQKY?event=1146228800804360323
A lot of uncertainty in the prop space as of now
But I must remind you that being a trader is bigger than trading prop firms
Your responsibility as a trader is to focus on your skills, progress, and results. Prop firms, like FT, is only a way for you to validate your strategy and magnify your results.
With all the heat in the space, make sure to remain focused on your mission.
But I must remind you that being a trader is bigger than trading prop firms
Your responsibility as a trader is to focus on your skills, progress, and results. Prop firms, like FT, is only a way for you to validate your strategy and magnify your results.
With all the heat in the space, make sure to remain focused on your mission.
**As requested in our Live Summit yesterday**
FT is hosting a free webinar for traders this week (September 4, 6, 8) at 12pm EST.
<@346003046846693385> will be going over key points for that traders often overlook when starting in their trading journey
Join us later today at 12pm EST
@everyone
FT is hosting a free webinar for traders this week (September 4, 6, 8) at 12pm EST.
<@346003046846693385> will be going over key points for that traders often overlook when starting in their trading journey
Join us later today at 12pm EST
@everyone
Citi on positioning: "US equities ended the week strongly, but futures and ETF positioning was indicative of less conviction with positioning marginally shifting. S&P and Nasdaq are net long but neither position nor profits are currently extended, limiting risks of unwind/profit taking."
USD extends pre-weekend gains, bulls remain in control
USDJPY eyes YTD highs
EUR on lower PMI rev
GBP shrugs off higher PMI rev
CAD ahead of trade data
AUDafter RBA leaves rates unchanged
NZD on weaker China PMI
USDJPY eyes YTD highs
EUR on lower PMI rev
GBP shrugs off higher PMI rev
CAD ahead of trade data
AUDafter RBA leaves rates unchanged
NZD on weaker China PMI
The data last week clearly showed the jobs market is starting to soften
Unemployment is about where it was a year ago so change isn't that big
Recessions are often caused by shocks that come out of nowhere but the data so far is pretty good (for a soft landing)
I want to be very careful to say that 'we've done the job'
I want to see 'a couple months' of data
I would say the risks to doing to much and too little are balanced
I don't think one more hike would send the economy into a recession
Data will drive whether the Fed hikes again
Recent data will allow the Fed to proceed carefully
We're starting to see the economy slow down
Treasury yields are about where the should be
The US economy is 'about 80% closed' so impacts from abroad will be smaller than for others
We've been keeping a very close eye on commercial real estate, will continue to roll over during the next 2 years or so
We're not sure about what prices CRE will be trading at in two years
The 'carefully' line to me is now a code word to say that they're on the sidelines with a hawkish bias.
Waller is a hawk though and if he isn't pushing for another hike, who is? The US dollar and Treasury yields came down on his comments.
Unemployment is about where it was a year ago so change isn't that big
Recessions are often caused by shocks that come out of nowhere but the data so far is pretty good (for a soft landing)
I want to be very careful to say that 'we've done the job'
I want to see 'a couple months' of data
I would say the risks to doing to much and too little are balanced
I don't think one more hike would send the economy into a recession
Data will drive whether the Fed hikes again
Recent data will allow the Fed to proceed carefully
We're starting to see the economy slow down
Treasury yields are about where the should be
The US economy is 'about 80% closed' so impacts from abroad will be smaller than for others
We've been keeping a very close eye on commercial real estate, will continue to roll over during the next 2 years or so
We're not sure about what prices CRE will be trading at in two years
The 'carefully' line to me is now a code word to say that they're on the sidelines with a hawkish bias.
Waller is a hawk though and if he isn't pushing for another hike, who is? The US dollar and Treasury yields came down on his comments.
A lot of FX pairs hitting their daily max ranges - as predicted volatility returning to the market after zzz August