Hello everyone,
I have covered all the assets that we trade in this update and explained the trades that we took this week. In terms of fundamentals nothing changed for the dollar. We will be able to see only on Friday. We had some relief rally and that was due to interventions in the market by China, Japan and India. They are selling their dollar reserves to weaken their currencies.
Now the markets are seeing a shift in policy from Central Banks accross the world. Bank of Canada was the first one and 3 members of ECB thought 50bps was more than enough.
Markets think that the Fed will pivot because of mid terms but that is to be seen as inflation is quite sticky. All the world rests on Powell's shoulder. If he delivers the blow the next bear leg will be one of epic proportions and thats when everyone will get rekt pretty bad. All in all. be careful and take the risk accordingly.
As i said in my last updates, not overly bearish or bullish. just trading what i see
Cheers!
I have covered all the assets that we trade in this update and explained the trades that we took this week. In terms of fundamentals nothing changed for the dollar. We will be able to see only on Friday. We had some relief rally and that was due to interventions in the market by China, Japan and India. They are selling their dollar reserves to weaken their currencies.
Now the markets are seeing a shift in policy from Central Banks accross the world. Bank of Canada was the first one and 3 members of ECB thought 50bps was more than enough.
Markets think that the Fed will pivot because of mid terms but that is to be seen as inflation is quite sticky. All the world rests on Powell's shoulder. If he delivers the blow the next bear leg will be one of epic proportions and thats when everyone will get rekt pretty bad. All in all. be careful and take the risk accordingly.
As i said in my last updates, not overly bearish or bullish. just trading what i see
Cheers!
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.