NZDUSD H4 : Anticipated slowdown of the US economy, Its bearish.
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- Anticipated slowdown of the US economy
- The hurdle for raising rates this month is higher, implying fresh US Dollar falls
- Dollar weakness will pick up pace during 2024 as market attention turns toward Fed rate cuts
- Fed feels more comfortable with receding inflation
- US Dollar's position as the primary global reserve currency is being challenged
- America on verge of losing petrodollar privilege
- Other regions may need to continue their crusade for inflation, reducing spreads of debt securities yields
- Combination of lower Fed rate expectations and improved risk sentiment is quintessentially negative
- No more Fed hikes, potentially lethal to the US Dollar
- US economy to slip into recession, Fed eventually cut rates quicker than peer institutions
NOTE: KEEP FOLLOWING ME FOR MORE ANALYSIS AND MORE INFORMATION ABOUT DIFFERENT PAIRS OF THE MARKET LIKE FOREX, CRYPTOCURRENCIES AND MUCH MORE.
Trade active:
Trade active:
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look at the current situation of the this asset.
look at the current situation of the this asset.
Trade closed manually
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