EURUSD: Speculative Setup

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Today will be released FOMC Meeting Minutes !!

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MONEY MANAGEMENT: Move stop in breakeven before "FOMC Meeting Minutes".

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DON'T FORGET OUR MEDIUM-YERM ANALYSIS

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The FOMC Minutes reiterated that the tightening path will be gradual, highlighting that the pace of normalisation will be data dependent. This would allow the Committee to closely monitor how the economy responds to rate hikes.
The Minutes also stressed that, going forward, monetary policy will remain sufficiently accommodative to support further progress in the labour market and rising inflation.
Notably, a few members said that “financial risks could alter the path of normalisation”. Officials were more worried about low inflation (and the recent weakening in inflation expectations). Some members noted that “the risk attending the inflation forecasts remain considerable".
Many members expressed concerns that the strong USD and weakness in commodity prices would depress inflation “somewhat longer than previously expected”. Some members saw the December rate hike as a “close call".

Trade closed: target reached:

TARGET 1 REACHED!

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China's CSI 300 down 7%, closed for the day: After being halted for 15m by 'circuit breakers', the CSI300 index has seen its losses extend into the -7% vicinity, which means business is now closed for the day.

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Today we took another long position (with stop in BE now) thanks to the bearish intraday swing (NFP release) but we think that the situation is still very uncertain and invite you to a conservative safe trading, maintaining an attitude of caution and a appropriate size. Good weekend to everyone !!

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