Hi,
What a wild week that was.
Federal Reserve policymakers signaled a potential end to interest rate hikes, emphasizing a wait-and-see approach.
However, they’ve left room for tightening if progress on inflation falters.
New York Fed Bank President John Williams highlighted the impact of tighter financial conditions in curbing inflation, supported by improvements in supply chains. Treasury Secretary Janet Yellen echoed the sentiment, expressing confidence in the economy's ability to achieve a "soft landing."
As we approach December, two more inflation reports and an employment report will play a pivotal role in deciding the Fed's stance.
These reports will be crucial data points ahead of the Fed's FOMC meeting and rate decision in December.
Click Here to know how our top analysts are planning to trade these trends.
Here's a scoop of other market movers from the week:
1. Robust Q3 Growth: Despite higher interest rates, the U.S. economy surged at a 5.2% pace in Q3, marking the fastest quarterly rate in nearly two years. Consumer spending remained robust, contributing to the acceleration. Government spending and increased inventories also played key roles.
2. Housing Market Blues: U.S. new home sales in October fell short of expectations amid elevated mortgage rates and broader challenges in the housing market. Sales came in at 679,000, missing the predicted 725,000. Despite a 5.6% drop from September, the numbers were 17.7% higher than last year.
3. Consumer Confidence on the Rise: November saw a rebound in U.S. consumer confidence, rising to 102.0 from the previous month. Americans are planning significant purchases like vehicles and houses despite lingering concerns over higher prices and interest rates.
Our top analysts are trading these market moves - Join them here!
4. OPEC+ Oil Output Cuts: Oil prices climbed as OPEC+ agreed to output cuts approaching 2 million barrels per day for early next year. The agreement includes Saudi Arabia's voluntary supply reduction and aims to counter a potential surplus and stabilize the market.
5. Australia's Inflation: In October, Australia's inflation eased more than expected, affirming the case for the central bank to maintain unchanged interest rates. Monthly CPI rose at an annual pace of 4.9%, slower than September's 5.6% increase.
So, that was a busy week. To your success, Tad DeVan
Senior Currency Strategist
Market Traders Institute |
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| Our Big Trade Moment for December
December 13, 2023 could be the biggest trading day of the entire year.
The US Federal Reserve will have their next meeting on this date.
And we’re eyeing a potential pip surge of over 7,500 pips.
This meeting is one of the final pillars of our 7K Your Way prediction for Q4.
We’d like to invite you to see this trade setup in our live webinar.
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Top Weekly Pick from Chris
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Chris Pulver has a continued trade from last week for our top pick.
He’s been assigned this stock at $15.00, and is now setting his sights on a $20.00 target with a few strategic adjustments in the setup.
For a detailed breakdown |
You can also test Chris’ trading rooms [here] for more picks and potent market strategies. |
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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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