☀️ Morning, fellow traders! How are you today? I hope you’re ready to search for trading opportunities! Here’s what drew attention:
🇯🇵 USDJPY plunged by 3.8% in a single day after BOJ members said the FX interventions in the changing rate had started. However, without a rate hike, the effect will likely be limited.
🇺🇸 US Treasury Secretary Yellen: Inflation is causing a great sense of economic insecurity. Her words mean the Treasury and Fed won’t stop tightening until inflation is gone.
🇪🇺Analysts expect the energy crisis in Europe to last way more than winter because supply disruptions are likely to stay for long.
🏦Some Fed members expect the interest rate to reach 4.5-5% in this hiking cycle. In this case, the stock market may slide another 20% lower.
👨🏭 Snapchat will fire 20% of its employees because of the recession. Google also wants to “become 20% more effective” without explaining how the “effectiveness” will be achieved.
🥇 Gold still consolidates in a channel. It’s a sell in case of a $1655 breakout and retest. Otherwise, you can try to trade the consolidation. Good luck!
Disclaimer: The views expressed are solely those of the author and do not represent the official position of Followme. Followme does not take responsibility for the accuracy, completeness, or reliability of the information provided and is not liable for any actions taken based on the content, unless explicitly stated in writing.
Leave Your Message Now