There are 3 highly effective candlestick patterns that can help supercharge trades!
[This guide] gives you access to our complete strategy and shows how retail traders can smartly use them. Not only that but it reveals how institutions (big banks) utilize these candlestick patterns to lure retail traders into danger zones, and how one can steer clear of these traps.
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We're diving right into the latest financial buzz.
Consumer prices took a surprising leap in September.
The Consumer Price Index (CPI) showed a 0.4% monthly and 3.7% annual rise, creating a hot topic for policymakers.
These figures surpassed projections, raising eyebrows and concerns. The core CPI, excluding food and energy costs, closely matched forecasts with a 0.3% monthly increase and a 4.1% yearly surge.
This report holds significance as it’s the last before the Fed's upcoming FOMC meeting and rate decision. And it's crucial data for the markets since the Fed has been vigilant about bringing down core inflation.
The Fed policy next meeting, slated for November 1, carries significant weight (click here for our trade predictions), especially after September's interest rate decision.
The Fed wants interest rates elevated until inflation shows a sustainable downward trend toward the central bank's 2% target.
If you are eager to know how our seasoned analysts are looking to trade this trend - click HERE!
Here's a scoop of other market movers from the week:
1. Fed Minutes: Minutes from the Federal Reserve’s September meeting revealed an uncertain economic outlook. Officials unanimously agreed to tread carefully on rate decisions, awaiting incoming data to guide future hikes. They're also committed to keeping rates high to counter inflation.
Join our free workshop here for essential trading insights before the next Fed meet.
2. PPI Data: Shifting gears to the Producer Price Index (PPI), it surged for final demand in the US. The annual PPI jumped to 2.2% in September, surpassing expectations. The core PPI also outperformed estimates.
3. UK Economic Data: Across the pond, UK’s monthly activity data revealed a bounce-back in August, with the GDP rising by 0.2% month-on-month.
4. IMF's GDP Updates: The IMF has made adjustments to its GDP forecasts. The US GDP growth forecast is now 2.1%, up from 1.8%, while the Eurozone's projection dropped from 0.9% to 0.7%. The global growth forecast remains steady at 3%.
So…the financial world keeps evolving!
To help you make sense of it all, we've got an exclusive strategy guide. Grab your copy by clicking here!
To your success, Tad DeVan
Senior Currency Strategist
Market Traders Institute |
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