Buy vix 75s index 8170
SL=8065.00
Tp=8560.00
Tp=9100.00
Tp=9400.00
Tp=open
Use good mm
Prior to wen currency pairs show face.
SL=8065.00
Tp=8560.00
Tp=9100.00
Tp=9400.00
Tp=open
Use good mm
Prior to wen currency pairs show face.
Breakeven on vix 75s index.
Currency pairs are cooking..
Currency pairs are cooking..
Only Gold market tries to move well, since morning all other assets are consolidating.
No wonder many have entered and stopped out many times since morning.
Dont force the market bcos it will play out well when it finis dealing with impatient traders..
Stay tuned for next updates fam.
No wonder many have entered and stopped out many times since morning.
Dont force the market bcos it will play out well when it finis dealing with impatient traders..
Stay tuned for next updates fam.
PRAISEPAUL FOREX AND BINARY INSTITUTE
Forecast: Euraud
Buy Euraud 1.60520
SL=1.60380
Tp=1.60920
Tp=1.61220
Tp=1.61400
Tp=open
Use good mm
SL=1.60380
Tp=1.60920
Tp=1.61220
Tp=1.61400
Tp=open
Use good mm
Buy Stop usdcad @1.36450
SL=1.36270
Tp=1.36680
Tp=1.36880
Tp=1.37500
Uae good mm.
SL=1.36270
Tp=1.36680
Tp=1.36880
Tp=1.37500
Uae good mm.
Eventually Euraud took us out.
We go for Reentry maybe during asian or london session..
We go for Reentry maybe during asian or london session..
Currency pairs is just consolidating but synthetic index Assets just trending..
Man no go fit loose for both side jareh.
All these assets have their time.
Atleast my people in vip are enjoying vix like mad now..
Man no go fit loose for both side jareh.
All these assets have their time.
Atleast my people in vip are enjoying vix like mad now..
Market moves just dey laugh me.
It's just moving crazy waiting for cpi news tomorrow.
I dey wait patiently for am.
Stay tuned for the update fam
It's just moving crazy waiting for cpi news tomorrow.
I dey wait patiently for am.
Stay tuned for the update fam
Buy Nzdusd @0.60920/instant order
SL=0.60650
Tp=0.61289
Tp=0.61750
Tp=0.62570
Use good mm
SL=0.60650
Tp=0.61289
Tp=0.61750
Tp=0.62570
Use good mm
SUMMARY OF POWELL FED CHAIRM SPEECH YESTERDAY
1. Restrictive Policy: Powell acknowledges that the current Federal Reserve policy is restrictive, meaning interest rates are set at a level that should slow down the economy to control inflation.
2. Neutral Interest Rate: The neutral interest rate, which neither stimulates nor restricts the economy, appears to have increased in the short term. This suggests that the Fed sees the need for higher rates to maintain balance.
3. Inflation and Economic Growth: Powell highlights that while the economy is growing at around 2% with positive job numbers, the Fed needs more confidence that inflation is sustainably moving towards its 2% target. The statement that "you don't want to wait until inflation gets all the way to 2% to ease policy" indicates a cautious approach towards rate cuts.
4. Progress on Inflation: There is recognition of significant progress in reducing inflation, but Powell is not yet fully confident that inflation will sustainably hit the 2% target.
5. Data-Dependent Decisions: Powell emphasizes the need for more positive inflation data before the Fed can consider easing policy. There isn't a specific inflation number in mind for cuts, but rather a consistent trend toward lower inflation.
6. Labor Market Considerations: The Fed is also mindful of the labor market, noting considerable softening but aiming to maintain price stability without significantly raising unemployment.
7. Policy Outlook: The feeling that policy is restrictive but not overly so suggests that the Fed believes the current interest rates are appropriate for now, though the neutral rate is higher than before.
Effects on the U.S. Dollar:
1. Hawkish Signal: Powell’s comments reinforce a hawkish stance, indicating that the Fed is in no rush to cut interest rates and may maintain or even raise them if necessary. This is generally supportive of a stronger U.S. dollar as higher interest rates attract foreign investment.
2. Continued Restrictive Policy: The acknowledgment of restrictive policy suggests that the Fed will continue with its current stance until more positive inflation data is received, which supports the dollar by maintaining higher yields.
3. Increased Neutral Rate: The indication that the neutral rate has moved up in the short term suggests that interest rates might stay elevated longer than previously expected, which is bullish for the dollar.
4. Economic Confidence: Powell’s confidence in economic growth around 2% and job numbers being good indicates underlying economic strength, which is supportive of the dollar.
5. Market Expectations: Markets may interpret these statements as a sign that rate cuts are not imminent, leading to a potential increase in the dollar's value as traders adjust their expectations for future Fed policy.
In summary, Powell's comments suggest a cautious but confident approach to monetary policy, with a focus on ensuring inflation is sustainably moving towards the 2% target before considering rate cuts. This hawkish stance is likely to support the U.S. dollar, maintaining its strength in the near term.
1. Restrictive Policy: Powell acknowledges that the current Federal Reserve policy is restrictive, meaning interest rates are set at a level that should slow down the economy to control inflation.
2. Neutral Interest Rate: The neutral interest rate, which neither stimulates nor restricts the economy, appears to have increased in the short term. This suggests that the Fed sees the need for higher rates to maintain balance.
3. Inflation and Economic Growth: Powell highlights that while the economy is growing at around 2% with positive job numbers, the Fed needs more confidence that inflation is sustainably moving towards its 2% target. The statement that "you don't want to wait until inflation gets all the way to 2% to ease policy" indicates a cautious approach towards rate cuts.
4. Progress on Inflation: There is recognition of significant progress in reducing inflation, but Powell is not yet fully confident that inflation will sustainably hit the 2% target.
5. Data-Dependent Decisions: Powell emphasizes the need for more positive inflation data before the Fed can consider easing policy. There isn't a specific inflation number in mind for cuts, but rather a consistent trend toward lower inflation.
6. Labor Market Considerations: The Fed is also mindful of the labor market, noting considerable softening but aiming to maintain price stability without significantly raising unemployment.
7. Policy Outlook: The feeling that policy is restrictive but not overly so suggests that the Fed believes the current interest rates are appropriate for now, though the neutral rate is higher than before.
Effects on the U.S. Dollar:
1. Hawkish Signal: Powell’s comments reinforce a hawkish stance, indicating that the Fed is in no rush to cut interest rates and may maintain or even raise them if necessary. This is generally supportive of a stronger U.S. dollar as higher interest rates attract foreign investment.
2. Continued Restrictive Policy: The acknowledgment of restrictive policy suggests that the Fed will continue with its current stance until more positive inflation data is received, which supports the dollar by maintaining higher yields.
3. Increased Neutral Rate: The indication that the neutral rate has moved up in the short term suggests that interest rates might stay elevated longer than previously expected, which is bullish for the dollar.
4. Economic Confidence: Powell’s confidence in economic growth around 2% and job numbers being good indicates underlying economic strength, which is supportive of the dollar.
5. Market Expectations: Markets may interpret these statements as a sign that rate cuts are not imminent, leading to a potential increase in the dollar's value as traders adjust their expectations for future Fed policy.
In summary, Powell's comments suggest a cautious but confident approach to monetary policy, with a focus on ensuring inflation is sustainably moving towards the 2% target before considering rate cuts. This hawkish stance is likely to support the U.S. dollar, maintaining its strength in the near term.
Close Nzdusd fam, after cpi news we will find another entry.
Thanks
Thanks