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TP1 HIT ✅
Close call on the retest. It’s nice to see things play in our favour, by missing our SL by a point rather than tapping it!
⚠️ GBPUSD Intraday: 1%
⚠️BUY GBPUSD @ 1.254
⛔️SL @ 1.251
✅TP1 @ 1.257
✅TP2 @ 1.26
3.5R and +100 points, GJ tanked as expected 🔥
Читать полностью…2.3R active, plenty more mileage to the downside 📉
Читать полностью…Did you like GBPJPY shorts last week?
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Beauty to end the week 2R in very quick succession 🔥🔥🔥
Читать полностью…02.02.2024 - Key Global Topics
Good morning. Meta and Amazon resurrect tech stocks. Intel and Apple buck the trend, falling postmarket. And Mark Zuckerberg stands to earn an extra $700 million a year.
- Nasdaq and S&P futures climbed after Meta and Amazon reported bumper results. Asian stocks were mostly higher, with Tencent and Nexon surging after Chinese regulators green-lit a long-anticipated marquee game.
- Magnificent 2: Meta soared 15% postmarket after its outlook topped estimates. It plans an additional $50 billion in share buybacks and will pay its first-ever dividend in March. Amazon also rose after reporting robust sales and its profit outlook beat. But Apple slipped 3% on weak revenue from China.
Intel fell postmarket after the WSJ reported it’s delaying a $20 billion chip facility planned for Ohio due to market challenges and the slow rollout of government grant money.
Germany’s battered coalition is heading for another tricky budget.
- The country’s parliament will today pass a hard-fought budget for this year, settling the most pressing dispute sparked by a legal ruling. But the problem facing the alliance is a gap of roughly €20 billion for the 2025 finance plan, people familiar said.
- Tackling this will require compromise, which won’t be easy, illustrating just how far a court ruling pulled the rug from under Olaf Scholz’s government.
GBPJPY exploded upside.
We will look to readjust using latest trading zones.
NFP, AE, UE figures coming up in 3.5 hours. Not expecting too much ahead of this.
Stock indices were mind blowing yesterday.
I’ll provide a video summary of the above. And how this influences the dollar and respective indices and currency.
Highlighting the key points and basis of fundamental analysis.
70 pip bounce from our 186.000 handle, before then tanked 130 points south to 185.400.
Читать полностью…There goes the 186 whole number, a solid 6R selloff from our zone, all within a 2/3 hour trading period.
Expecting a bounce from this 186 price now.
Move stops to breakeven.
We were 4 pips from TP1. And it has come back to breakeven unfortunately.
Currently +8
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As always, hitting off the week with a
take profit in the signals room 🔥🔥
TP1 & TP2 HIT ✅
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Playing out perfectly 🔥🔥🔥
1R banked last night on market open. And currently 2R from today’s rejection during London open.
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NFP really sorted this setup out, this chart was posted a few days ago, only today came into the sell zone.
Читать полностью…GBPJPY H4
A potential sell zone here, this played out nicely during recent trade as we saw the previous selloff. We have since formed supply and we are currently sat back on said supply zone. Lets see if this zone holds.
Again, a move we could potentially see unfold over the eastern. Whilst we aren't active.
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Summary of the USD and events yesterday evening.
Economic Growth and Outlook
• Progress: Acknowledges significant progress in the economy.
• Uncertainty: Highlights the uncertain path forward and notes the economy is broadly normalizing, driven by post-pandemic healing and labor market recovery.
• Subdued Activity: Points out subdued activity in the housing sector despite overall economic growth.
Inflation
• Easing Yet Above Target: Inflation has eased notably but still remains above the 2% target. Low inflation readings in the latter half of the year are welcomed, yet continuous evidence is needed for confidence in returning to the target.
• Continuous Monitoring: Stresses the need for greater confidence and more evidence that inflation is on a sustainable path back to 2%.
Monetary Policy and Rate Decisions
• Tightening Over Past Two Years: Monetary policy has significantly tightened to combat inflation.
• Policy Rate at Peak: Suggests the policy rate is likely at its peak, indicating a shift towards potentially reducing rates if the economy evolves as anticipated.
• March Rate Cut Unlikely: Explicitly mentions that based on the current meeting and economic data, a rate cut in March is not the base case, emphasizing a cautious approach.
Employment and Labor Market
• Tight Labor Market: The labor market remains tight with strong job gains and labor demand exceeding supply, suggesting robust employment health.
• Wage Normalization: Indicates wage normalization and labor rebalancing are ongoing processes, expected to take time to fully stabilize.
Balance Sheet Reduction
• Successful Runoff: Notes the balance sheet runoff has been proceeding well, with plans for more in-depth discussions on its pace in future meetings.
Rate Cuts and Policy Adjustments Outlook
• Future Adjustments: While open to reducing rates sometime this year, emphasizes the need for more data to ensure inflation is moving sustainably down.
• Risk Management: Describes being in a risk-management mode, carefully weighing the timing of any policy adjustments to avoid derailing inflation progress or harming the economy.
EUR inflation and Bank of England today.
- Little over 2 hours until BOE and then we can see what’s available.
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