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MYC Signals Forex & Commodities

Logo of telegram channel mycforexsignals — MYC Signals Forex & Commodities M
Logo of telegram channel mycforexsignals — MYC Signals Forex & Commodities
Channel address: @mycforexsignals
Categories: Economics
Language: English
Subscribers: 5.67K
Description from channel

MYC Signals Forex & Commodities - Start making money by following our signals using any broker. To Join our VIP Forex & Commodities group contact: @MYCSupportBot

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The latest Messages

2022-08-30 16:50:02 TIP OF THE DAY

"Many traders ride an emotional roller coaster and miss the essential element of winning: the management of their emotions."

― Alexander Elder

#TradingPsychology
348 views13:50
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2022-08-29 16:18:49 FOREX WEEKLY MARKET UPDATE



US Dollar Rises
The US dollar retained much of its Friday Jackson Hole bounce against its major trading partners. The after-effects of Fed Chairman Jerome Powell's Aug. 26 Jackson Hole speech may keep the markets on edge before those key data are released as markets look for various Fed speakers this week to soften Powell's hawkish message that Fed will remain in inflation-fighting mode for a time even if economic conditions deteriorate.

ECB needs another big rate hike in September
A euro zone recession is now very likely but that alone will not bring down inflation and the European Central Bank should opt for a big rate hike next month, ECB policymaker Martins Kazaks said on Saturday.

The ECB raised rates by 50 basis points in July to zero and a similar move is being priced in for Sept 8 but some policymakers have started talking about an even bigger increase as the inflation outlook is deteriorating.

Gold drops
Gold prices fell to a one-month low as U.S. Federal Reserve Chair Jerome Powell's stance to continue with aggressive monetary policy to bring down inflation dented the zero-yielding metal's appeal and boosted the dollar.

Could Fed's 'softening' labor market prediction mean 4 million lost jobs?
In 2019, the U.S. unemployment rate averaged 3.7% and consumer prices rose at an annual rate of around 1.8%.

Fast forward to 2022, and while the unemployment rate has averaged the same 3.7% for the first seven months of the year, prices are sky-rocketing at an annual rate of more than 8% - touching off a potentially intense debate at the Federal Reserve over whether the "hot" labor market policies embraced before the COVID-19 pandemic can survive in the economy that is emerging.

U.S. central bank officials acknowledge their battle to tame raging inflation is likely to cost jobs as rising interest rates slow the economy and companies retool staffing plans in response, though whether the loss of employment will be modest or massive is unknown.
498 views13:18
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2022-08-27 16:12:15 GOLD TP4 hit 20$ profit. All targets achieved!
133 views13:12
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2022-08-27 16:12:13 GOLD TP3 hit 15$ profit.
134 views13:12
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2022-08-27 16:12:09 GOLD TP2 hit 10$ profit.
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2022-08-27 16:12:06 GOLD TP1 hit 5$ profit. Move SL to breakeven!
134 views13:12
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2022-08-27 16:12:02 GOLD TP1 hit 5$ profit. Move SL to breakeven!
137 views13:12
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2022-08-27 16:11:57 Crude oil TP3 hit 4.4$ profit.
138 views13:11
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2022-08-27 16:11:54 Crude oil TP2 hit 2.9$ profit.
134 views13:11
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2022-08-27 16:11:51 Crude oil TP1 hit 1.4$ profit. Move SL to breakeven!
120 views13:11
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