Weekly FX Drive-Thru

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CENTRAL BANKS – END OF RATE HIKE CYCLES?

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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....

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

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: #512 FREE NEWSLETTER
DATE: 20th August 2023

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FLASH, MOMENTUM, SWING, RADAR, FUNDAMENTAL, BREXIT, INVESTOR and POSITION (CORE POSITION) trade set-ups, “Tweets” and “Trade ideas” that are posted in my blogs or on Twitter are trades and set-ups that interest me. They are provided for training and informational purposes only and should not be interpreted as an offer, solicitation or recommendation of any specific security or investment strategy. Past performance is not indicative of future results. Trading Forex carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade any such leveraged products you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with trading on margin, and seek advice from an independent financial adviser if you have any doubts.

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