There has certainly been more volatility than I expected this summer.
We are now entering a week that includes FED chair Jerome Powell’s speech from the Jackson Hole Symposium on August 25th at 11:05AM EST.
CHINA has really upset the apple cart these past few weeks, the recovery just hasn’t happened and CREDIT CRISIS / EVENT that I feel we are just one headline away from could just trigger the domino effect all the way from Beijing through Hong Kong, Tokyo and Singapore into Europe and be at an advanced stage before US traders are pouring out their first coffee of the day.
Add CHINA to the general uncertainty feeling that we have and it is little wonder that we are in a period of KING USD once again.
- Bankruptcies at highs
- Credit Card debt sets new highs.
- Housing Market uncertainties
- Mortgage interest rates at 10 year+ highs
- INFLATION sticky
- GDP in Europe flat lining
Are Central Banks at the end of hiking cycles? I discuss this and a little bit more in this week’s DRIVE THRU (link below)
WEEKLY FX DRIVE THRU (ZOOM):
WEEKLY FX PREMIUM PERFORMANCE:
AUGUST 2023 so far....
Full supporting data regarding the WEEKLY FX PREMIUM is on my website under the heading “HISTORY / PERFORMANCE” – The Weekly FX Premium this year’s performance, use the following link: - https://www.weeklyfxdrivethru.com
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.
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.
The Pip Accumulator
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BLOG VERSION: #512 FREE NEWSLETTER
DATE: 20th August 2023