“Maturity is achieved when a person postpones immediate pleasures for long-term values.” – Joshua L. Liebman
Following on from yesterday’s post, we would like to confirm that our base-case scenario is still for VERY choppy trading into FOMC. We continue to believe that Trump will try and keep markets on edge and pressure on the FED to deliver an early cut at this next meeting as he continues the build-up to the G20. Following the FOMC, if the market manages to hold ground, we would expect to see another ramp attempt into OPEX.
No change to our trade of the week initiated last week, we are looking for a pull-back in bonds as moves really got ahead of themselves:
In today’s webinar session, we will also review our current trades/outlook on the DXY and what that means in terms of cross-asset flows:
If you are interested in a more structured way of tackling the business of trading, attending a live daily morning call or a more detailed discussion on the charts we post / trade ideas, don’t hesitate to check out our Premium content.
