@CalebKester__ lack of knowledge..why would you want to buy EU whilst the FED are on the verge of increasing rates? Foward guidance came from the dot plot the Federal Reserve published
This was a clear Hawkish FED - Risk Off Market Sentiment. Forex needs you to understand not only chart analysis but also dive deep and know the basics of macro - economics at least they'll get you somewhere. FUNDAMENTALS are the core concepts you need to know.
As time goes you come to realize that these "big guys" really don't know shxt and aren't that special at all. How can you catch a falling knife even when the FED is soo much hawkish? simple basics and you still only rely on technicals alone? smh...
Le bone ba Botswana ba hei...
As time goes you come to realize that these "big guys" really don't know shxt and aren't that special at all. How can you catch a falling knife even when the FED is soo much hawkish? simple basics and you still only rely on technicals alone? smh...
Le bone ba Botswana ba hei...
Fx has been incredibly frustrating for me the last month +. I’ll be making a switch to equities next week to supplement my fx exposure. I think trying to modify a trading model in bad market conditions wouldn’t necessarily equate to better performances. It��s like learning more efficient swimming techniques to swim against the current , you’re never going to fare better than the guy swimming with the current.
Will shift to trading equities primarily from next week, I think this is feedback to reinvent oneself again.
@tradecorecap@dwtradesldn they were bound to be taken out but the arguments between iran and us made that move right there. overall bond yields are buying and the dollar is still strong so we are in a risk off market sentiment and we expect riskier currencies and gold to sell off until the SOH is open
In every moment a choice exists. We can cling to the past or embrace the inevitability of change and allow a brighter future to unfold before us. Such an uncertain future may call for even more uncertain allies. Either way, a new day is coming whether we like it or not.
BREAKING: US dollar is dumping hard since the Fed rate checks and YEN INTERVENTION rumors started.
The IMF has also confirmed that it is now stress testing scenarios where there is a rapid sell-off of U.S. dollar assets.
Kristalina Georgieva said the IMF is modeling even "UNTHINKABLE" events, including a fast exit from the dollar, because global financial risks and policy uncertainty are rising.
This means the IMF is officially treating stress in the dollar as a real global risk. They are preparing for what happens if trust in the dollar drops suddenly.
With this, the dollar will get weaker and asset owners will be the biggest winners.
Before 1985, it also began with rate checks, policy signals, and rumors of coordination. The dollar started weakening before any official intervention was announced.
Now the same pattern is showing again.