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⚠️️ #JPY ⚠️️

πŸ”° Japanese Yen Struggles As More Officials Fret Its Weakness

πŸ”° JAPANESE YEN, BANK OF JAPAN, US DOLLAR, US FEDERAL RESERVE, INFLATION- TALKING POINTS

β›” The Japanese Yen is still close to 24-year lows against the US Dollar
Japanese officials have been talking about its weakness, intervention is in the air For now, the market will await US inflation data for interest-rate clues.

β›” The Japanese Yen remains close to 24-year lows against the US Dollar on Tuesday even as some of its major international rivals enjoy a more forceful bounce, with an increasing drumbeat of Japanese officials suggesting that weakness may now have gone beyond what can be justified by fundamentals.
⚠️️ #EUR ⚠️️

πŸ”° ECB to raise its deposit rate to 2% most likely by the end of this year

β›”  β€œWe now expect the ECB to raise its deposit rate to 2% most likely by the end of this year. In our revised base case, we see another 75 bps hike in October, followed by a 50 bps step in December. The policy rate then settles at 2% through 2023.” β€œThe most likely alternative to this base, is three steps of 50 bps, which would mean the terminal rate is reached in February of next year. We had previously signalled a peak rate of 1.5%.”
Letsgo! Our gbpaud setup profit running πŸ”₯

+23pips running βœ… Scalper trader close all or hold with breakeven.
GOLD SELL NOW
GOLD SELL NOW @ 1704 - 1707

SL : 1710

TP 1 : 1702.48
TP 2 : 1700.52
GBPJPY SELL NOW
GBPJPY SELL NOW @ 165.500 - @ 165.800

TP 1: 165.300
TP 2: 165.100
TP 3: HOLD

SL 166.100

Use Proper Money Management. Past Profits do not predict future earnings. Consistency is πŸ”‘
You may close all if satisfied or set be to trade at zero risk
Gold sell @ 1704.5

sl : 1709.5
tp : 1702.5 / 1694.5

Manage your risk
PAYMENT PROOFS TO OUR INVESTORS ON THE 13TH OF SEPTEMBER, 2022

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