Bullard is the lone Fed official forecasting just one additional rate increase, and expects modest growth over the next two and a half years. But he reiterated Tuesday he's not expecting the economy to head south. However, did go out of his way to mention a relatively dovish point "We Have Some Ammunition if We Need it During Next Recession". Nonetheless he...
IMO FOMC George was largely bullish/ Hawkish $ on the margin; surprisingly coming out and stating for one of the first times that "Fed rates are too low" and "Not Raising Rates in June Was Due to Timing Issues" - these two statements imo hint that a hike coUuld be on the cards earlier than perhaps was expected (Dec), in-light of his opinion of them being too low...
Hey, the price is bounding in the top side of Andrew's pitchfork, I believe it will bounce back to the median level. Target 2 would book us 350 pips. It is a swing trade, and If you are a new trader or don't check the fundamentals, hopefully, you would trade cautiously. cheers, Masih
IMO the ECB minutes were the most dovish/ clearly directed statements out of the ECB for several months. Before this, and in the past several speakers comments, sentiment has been towards the hawkish/ stale side, citing "ECB has done enough" as the main rhetoric. The June Minutes however show a renewed positioning of the ECB, where they clearly imply they are...
This 2-part article will look at the practical application of correlations in trading and show how to use correlation inferences to exploit the statistical advantages they offer. On the 4h time frame, the highest day-tradable timeframe imo we see EUR$ has an exclusively negative and almost 1for1 correlation with the dollar index (or dollar "market"), however,...
Though there is Double Top forming @ marked resistance zone, I wont be selling EURUSD purely bcos of risk reward ratio. So I will be waiting for market to move further up around 61.8% Fib levels and if that happens I will be shorting EURUSD This is my way of trading so before entering check your plan also Happy Trading !