Weekly FX Drive-Thru

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THE 2% NOOSE

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Where to start?

My bottom line here is nothing new. Central Banks have crude, blunt tools that simply cannot effect the changes or improvements or reactions to issues that the markets believe that they should react to, or, in some instances fix.

Central Bank mandates are basically PRICE STABILITY, the FED also has FULL EMPLOYMENT.

Right now, Central Banks are hostage to previous mistakes in monetary policy and frankly they are floundering on what to do in the long-term to rectify this. They are dealing in a short-term narrative rhetoric of we will do whatever it takes to fight inflation and bring it lower to our 2% target.

What happens if unemployment seriously lags?

Do you really think Central Bank leaders will destroy economies RISK PRICE STABILITY to control INFLATION at the same time as making millions unemployed?

The 2% Central Bank target that the G7 Central banks use is a NOOSE in my opinion and given what we are seeing vis-à-vis “STICKY INFLATION” (Secondary Effect), to reach this target is not a given this year or next.

There are severe CREDIT RISK events on the horizon with only blunt tools in operation.

I touch upon these issues in the DRIVE THRU (ZOOM) click the link below.

1. WEEKLY FX PREMIUM PERFORMANCE
MARCH 2023 SO FAR:

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For more information on me and how I trade via THE WEEKLY FX PREMIUM...

If you visit my website, you will find lots of additional supporting information about the way I trade. The link below should be helpful.

https://weeklyfxdrivethru.com/what-is-the-weekly-fx-premium/

 

2. THE WEEKLY FX DRIVE THRU (ZOOM):

“THE 2% NOOSE”

 

3. THE CLOSE:

Finally, always remember longevity in Forex trading can only be achieved through trading with a good MINDSET, RISK, TRADE and HEAD MANAGEMENT, and above all set your position sizes in accordance with the size of your account and allow for some flexibility. Trade with a TRADE PLAN, basically, plan your trades and Trade your Plan.

Be grateful for your wins and count them. Keep a POSITIVE MINDSET in play at all times, regardless of the market conditions.

Scott Pickering
The Pip Accumulator

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BLOG VERSION: #494 FREE NEWSLETTER
DATE: 12th March 2023

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