Hey Z,
What a wild week that was!
The market catalysts for the week were the central bank policy meetings and their outlook for interest rates in 2024.
In a pivotal decision, the U.S. Federal Reserve kept interest rates unchanged in its monetary policy meeting and hinted that inflation has improved more swiftly than expected.
The notable shift?
Not only did the central bankers edge closer to ending hikes, but they also added rate cuts to the 2024 plan, signaling a significant strategy adjustment.
Fed Chair Jerome Powell's acknowledgment of the unique pandemic-driven economic situation showcased the Fed's success in curbing inflation without sparking a recession, a rare feat in economic history.
Click Here to know how our top analysts are trading this major economic shift.
Here's a scoop of other market movers from the week:
1. BoE Rate Decision: Joining the Fed, the Bank of England (BoE) also stayed the course by keeping its policy rate unchanged at 5.25%. This aligns with market expectations as policymakers emphasize the need for a prolonged restrictive monetary policy period.
2. ECB Holds Ground: In line with predictions, the European Central Bank (ECB) maintained interest rates, adjusting growth forecasts lower. The ECB said it expected headline inflation to average 5.4% in 2023 and 2.7% in 2024, a downward revision from the central bank's September projections.
Discover how this move could potentially impact your trades - Click Here to get exclusive insights.
3. CPI Insights: Inflation in the U.S. came along expected lines. November's Consumer Price Index (CPI) increase of 0.1%, aligns with expectations, and eases the pressure on the Fed. While still above the Fed’s 2% inflation target, the 3.1% year-on-year rise shows progress. Energy, down 2.3%, contributes to this positive trend.
4. Global Climate Accord: Amid intense negotiations, nearly 200 countries at the COP28 summit resolved to phase out fossil fuels, aiming for net-zero emissions by 2050.
So, that was a busy week.
To help you make sense of it all, we've got an exclusive strategy guide. Grab your copy >>
To your success, Tad DeVan
Senior Currency Strategist
Market Traders Institute |
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| The Big Trade Of Our Q4 Prediction
Our top analysts have spotted a potentially huge trading opportunity for the last few days of December. We believe it could be our biggest trade of the year.
It’s such a big opportunity that we’re calling it 7K Your Way - offering a potential pip surge of over 7,500 pips.
And there are multiple different ways we plan to trade this opportunity.
I don’t want you to miss out on this big trade event where I will be revealing: - My trade strategy for this month
- How I’m positioning myself ahead for 2024
- The exact steps I’m taking to target gains
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Top Weekly Pick from Chris Pulver
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Chris’ top pick for this week is a cryptocurrency that recently experienced a pullback.
He’s looking to set two buy orders on this crypto and anticipating it to test three price targets on the upside.
For a detailed breakdown and the target price… |
For more of Chris’ exclusive trades, you can test his trading rooms by clicking here. |
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| TRENDS WE ARE TALKING ABOUT
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| Monday 11:00 AM EST The USD Was Up 9 weeks in a Row. The JPY Can Be Your Next Trade. See it LIVE
The strong move in the Dollar came from rising interest rates. The Bank of Japan can lead the Yen the same way. Even a hint of rate movement can send the Yen on a massive run. See how to trade it LIVE. REGISTER FOR FREE →
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| Monday 1:30 PM EST The ABCD Pattern with AUTOMATION in the FOREX Market
See the method and tools our traders are using to get results in the market, LIVE.
REGISTER FOR FREE →
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| Monday 7:00 PM EST See How Our Students Use the Hybrid Trading Room to Get RESULTS in the FOREX
Replicating what works is the key to success. Instead of trial and error, you can replicate our trades. See How to do it in this LIVE Webinar and be ready to trade the FOREX as soon as Wednesday.
REGISTER FOR FREE →
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*Predictions are not a guarantee of this or any result. Information provided on this prediction is for general information purposes only. We offer no representation or warranty with regard to this prediction. No prediction is personalized or otherwise directed at any individual or particular circumstances. We disclaim and will not accept any liability for losses associated with this prediction.
**Predicted movements expected to last from 1st October, 2023 through 1st January, 2024.
These results are based on simulated or hypothetical performance results that have certain inherent limitations. Unlike the results shown in an actual performance record, these results do not represent actual trading. Also, because these trades have not actually been executed, these results may have under- or over-compensated for the impact, if any, of certain market factors, such as a lack of liquidity. Simulated or hypothetical trading programs in general are also subject to the fact that they are designed with the benefit of hindsight. No representation or warranty is being made that any account will or is likely to achieve profits or losses similar to these being shown. |
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