Good day to all.
I saw there're some conflicts, but imo, everyone have their own view on the matter base on oneself experiences, so it doesn't bother me much whether you right or wrong, trader or not. I come here to learn and share a little bit of my views.
And for now, Big Boss FED has spoken, with only one cut this year compare with a couple of cuts anticipated from ECB, the balance has shifted to the USD side. The pump of CPI data (supper good news) didn't help bulls enough and was subdued by FED( dot plot jump from 3 cuts in Q1 to 1 cut in Q2 meeting) The hope for Eur bulls now is the US economy to show weaken data, with that then there might be a chance for FED to cut more.
On technical, chart show me my plan of selling high after NFP still in play.
I saw there're some conflicts, but imo, everyone have their own view on the matter base on oneself experiences, so it doesn't bother me much whether you right or wrong, trader or not. I come here to learn and share a little bit of my views.
And for now, Big Boss FED has spoken, with only one cut this year compare with a couple of cuts anticipated from ECB, the balance has shifted to the USD side. The pump of CPI data (supper good news) didn't help bulls enough and was subdued by FED( dot plot jump from 3 cuts in Q1 to 1 cut in Q2 meeting) The hope for Eur bulls now is the US economy to show weaken data, with that then there might be a chance for FED to cut more.
On technical, chart show me my plan of selling high after NFP still in play.
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