FED Rate – Trading Set-ups – GOLD & SILVER / EUR & YEN
FED Rate Hike in September has been ruled out by Traders, following the guidance of FED officials and speeches.
For now, we do not believe a Rate Hike will take place and we prefer to be Bearish on the USD during this event.
During the Press Conference, important forecasts for 2020 will be made and Traders will get a better idea on what to think about the FED’s Funds Rate and overall trend of it.
The $4.5 trillion balance sheet reduction is already priced in the Markets and Traders will focus on how Fed Chair Janet Yellen will refer to the recent Inflation readings and to future Rates views.
It is also known that Inflation data beat expectations and that Chair Janet Yellen has reasons to become confident for a December Rate Hike.
The main focus would be on Yellen’s comments and on how exactly the U.S. Central Bank will begin to wind down its $4.5 trillion balance sheet.
Situation is pretty delicate and we see an up-coming Bubble (more info to come on this topic).
EUR/USD – 2H Chart (picture):
EUR/USD – BUY Position:
• Entry – 1.1900
• SL – 1.1770
• TP – 1.2100 / 1.2250 / 1.2400
FED Rate Hike in September has been ruled out by Traders, following the guidance of FED officials and speeches.
For now, we do not believe a Rate Hike will take place and we prefer to be Bearish on the USD during this event.
During the Press Conference, important forecasts for 2020 will be made and Traders will get a better idea on what to think about the FED’s Funds Rate and overall trend of it.
The $4.5 trillion balance sheet reduction is already priced in the Markets and Traders will focus on how Fed Chair Janet Yellen will refer to the recent Inflation readings and to future Rates views.
It is also known that Inflation data beat expectations and that Chair Janet Yellen has reasons to become confident for a December Rate Hike.
The main focus would be on Yellen’s comments and on how exactly the U.S. Central Bank will begin to wind down its $4.5 trillion balance sheet.
Situation is pretty delicate and we see an up-coming Bubble (more info to come on this topic).
EUR/USD – 2H Chart (picture):
EUR/USD – BUY Position:
• Entry – 1.1900
• SL – 1.1770
• TP – 1.2100 / 1.2250 / 1.2400
