PRAISEPAUL FOREX AND BINARY INSTITUTE
1.36K subscribers
3.75K photos
86 videos
100 files
398 links
MILKING AND CRUISING IN PROFITS GALORE IS OUR HOBBY. CHEERS GUYS.
Download Telegram
Forecast:
Gbpusd.
There is a short here, for a buy continuation.
#update GU.
Since tp1 is reached.
Breakeven n we move further..
Eventually Euraud took us out.
We go for Reentry maybe during asian or london session..
Sell xauusd @2367.00/2369.00
SL=2371.95
Tp=2356.00
Tp=2345.00
Tp=2335.00
Tp=2325.00
Tp=open
Use good mm
Forecast:
Xauusd.
Small sell before buy continues.
Stay tuned guys.
Gold sell bias failed.
We go again
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..
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
This is why I can't leave synthetic index Assets.
For two days now currency pairs just dey craze but i use this one hold body gaaan..
Buy Nzdusd @0.60920/instant order
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.
Close Nzdusd fam, after cpi news we will find another entry.
Thanks
Buy Euraud 1.60520
SL=1.60280
Tp=1.60920
Tp=1.61220
Tp=1.61400
Tp=open
Use good mm
Forecast:
Euraud.
This asset hmmm.
I reserve my comment yet.
Just behave urself
Yes My fam.
How are you doing and how is the market treating u right now?
I gats some important update to share with u soon.
Stay tuned for updates.
Thanks
Can this fight back that dxy engaged in today's news can it really stand.
Stay tuned for the next update.
Buy vix 75s index @8633.00/instant order
SL=8499.00
Tp=9530.00
Tp=10530.00
Tp=11650.00
Tp=open
Use good mm
Forecast:
Vix 75s index
Forecast:
Vix 75 index
Stay tuned for an entry update.
Thanks
Forecast:
Vix 150s index.
Almost due to be smashed.
Stay tuned for an entry updates.
Thanks