Week ahead
We have a slightly more eventful ahead with the last FOMC meeting of the year taking place on 12 and 13 Dec
Powell will speaking on 13 Dec to announce the Fed’s decision on their rate hike campaign. The consensus is a pause from the central bank. It’s almost undisputed. The market is probably more concern about the first rate cut
Before that, we have the release of CPI data on Tuesday.
On Wed, PPI data will be out. And on Thurs, we have the initial jobless claims
Stay cautious if you’re trading.
Powell will speaking on 13 Dec to announce the Fed’s decision on their rate hike campaign. The consensus is a pause from the central bank. It’s almost undisputed. The market is probably more concern about the first rate cut
Before that, we have the release of CPI data on Tuesday.
On Wed, PPI data will be out. And on Thurs, we have the initial jobless claims
Stay cautious if you’re trading.
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OceansWave : The challenge now is these analyst are setting a new measurement of when rate cuts will start.. we know Powell is very hawkish in his response and typically he will still say that they will not hesitate to raise again, which goes against these predictions.. be very careful as such things will cause a pull back or worse still a big sell off..
Cow Moo-neyOP OceansWave: Analysts and market are trying to front run the actual rate cuts
OceansWave Cow Moo-neyOP: It’s a double edge sword.. some will say it’s a balancing act.. to put in some favourable conditions for the bears…
Master Corgi : Big weeek! Will decide whether there will be Santa rally
Markio1315 : even if JP stay cautious, as long he is not overly hawkish, market will ignore him and run on its own. Anyway we are approaching all time highs set 2 years ago
Cow Moo-neyOP Markio1315: Yeah I agree. CPI number is key too
Cow Moo-neyOP Master Corgi: Yup, this week will like set the tone for the rest of the month
Master Corgi Cow Moo-neyOP: Previously I asked you about filling gaps. Just curious, is it based on hourly or daily chart when you look at gaps?
Cow Moo-neyOP Master Corgi: I look at daily chart.
Day traders use it on shorter time frames too, but I’m not sure if it’s useful
104390659 : i dont care.wasting time