Our Urgent Market Update Video is designed to prepare you for the day’s high-probability trading opportunities. Today, we want to take this opportunity to draw your attention to a few very important market developments regarding the Fed and also JPY manipulation.
Firstly, the Fed increased rates as expected to 75 basis points on Wednesday. However, they are way behind the curve so will have to add a few more rate hikes in the coming meetings. As a result, this is not good for US Indices. Overall, this will add more to a USD strength trade.
Elsewhere, the Bank of Japan has announced FX stimulus as they fear the recent JPY weakness is now beginning to hurt the Japanese economy from an import perspective. The BOJ will now buy JPY which will add serious momentum to some JPY pairs to the downside. It’s probably best to avoid USDJPY because both these markets are strong right now.
To conclude, it is worth noting recent comments in Parliament from the new chancellor of the exchequer, Kwasi Kwarteng. He said the UK government is going to cut taxes, put together a huge fiscal package and deregulate the City of London. It remains to be seen what this means for GBP and UK assets. It seems for now that we are likely to see further downside for the GBP and FTSE more so over the short term. Either way, explosive moves are likely to be seen till year-end so proceed with caution.
Post-Fed Rate Decision Market Response, JPY Manipulation & UK Deregulation – Full Video Analysis
You Can Now Become a Full Member for Just $49 per Month
Take your trading to the next level with our comprehensive Day Trading Membership. You will soon discover why we are trading’s best-kept secret. We are successfully building the world’s largest group of profitable traders and would like you to become a part of it.
You can now become a Full Member of our trading team for just $49 a month (cancel anytime). You will benefit from unparalleled access to our professional traders live every day, our transparent trading signals and performance, our trading tools and access to the most comprehensive trading education on the market (over 50 hours of high-quality education). So, what have you got to lose? JUST CLICK HERE TO GET STARTED NOW and start your journey to becoming a successful trader.