Interesting days are coming. In my analysis, I indicated that there could be a 50 basis point cut in interest rates. Although intervention could have been anticipated, early in the morning, it surprised everyone. Let's look at the analysis. Apparently it did not affect market pricing. We have reached the technical target price. This is 0.611% (The chart in the analysis is the yield curve for two-year bonds) This means that the market expects such a rate for the next two years. In other words, we can say that Future is a curve of interest. In my opinion, the exchange rate can now calm down. A back adjustment may be made to the 1% level of the interest rate band. After that, the market greed may start again. The market may price interest rates close to 0% (0.1%).
Sir, i am holding my sp500 long at 3303.. had seen very tough time but still holding it.
Account with 33000$ and 36cfd in long of sp500.
Can you advise me should i continue? Or book loss?
meszaros
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@mohsintariq, Now wait a few hours. If it falls below the D1ATR range then sell it. If you turn back from this level, keep your long position.
Account with 33000$ and 36cfd in long of sp500.
Can you advise me should i continue? Or book loss?