Hi guys, as you will have seen the stock markets and crypto are dropping significantly. US inflation is at record highs and the debt is rising.
Why is it happening & what can you do about it?
How does it affect forex and more importantly what are you going to do to be profitable in these current markets AND the general economic uncertainty that is ahead?
You have world financial leaders who appear to have no more idea than anyone else. What is for sure is that they are playing the same game as always and it’s the poor and middle classes who will suffer most IF they don’t understand what is going on.
Here at FMP in the last 12 months, I have focused a lot more on sharing my knowledge of the financial world. Hopefully, you have learned how all markets are interlinked and how they can be rigged by those at the top of the financial food chain.
How to be cynical when listening to ANY world or financial leader and how you need to be able to cut through the BS and understand what is really going on. Then use that knowledge to protect your family and potentially prosper.
How we are lied to on a regular basis. How the billionaire classes doubled and trebled their wealth since the start of Covid
As early as 384 years BC Aristotle had this to say ” Education is the best provision for old age.” Yet Most western schools and colleges do not teach economics nor finance to a high degree and in my opinion that is deliberate. Whilst the middle and poorer classes continue to pay their mortgages, car finance, loans, college fees etc then they will be too busy to question the system.
Bias:
Most of the following is concerning the USA mainly because of yet more BS this week from Powell and Yellen. It could just as easily be referring to the UK, Europe or any other country.
Also, it is not politically biased. I have no respect for any current financial leader nor those in the last 10 years. Yellen & Powell for example have served both Democrat & Republican masters.
Both are highly educated and have been involved in high finance for many decades so they are not stupid, but they are masters of playing the game.
Powells Inflation nonsense: US Inflation at record highs
Last year Federal Reserve chair Powell said in late August that “inflation is only transitory.” and of real importance “tightening monetary policy could be a “particularly harmful” mistake”.*
By September he spoke about it “perhaps lasting a little longer before dropping by the year’s end.” By November he dropped the word transitory in this exchange:
“How long does inflation have to run above your target before the Fed decides, maybe it’s not so transitory?” Senate Banking Committee Ranking Member Pat Toomey (R-Pa.) asked Powell, who appeared alongside Treasury Secretary Janet Yellen.
Powell explained that while the word has “different meanings to different people,” the Federal Reserve “tend to use it to mean that it won’t leave a permanent mark in the form of higher inflation.
“I think it’s — it’s probably a good time to retire that word and try to explain more clearly what we mean,” Powell added.
Duh, so it wasn’t that he was saying it wouldn’t be transitory (he WAS) but it’s because people didn’t understand the word!
You really think they can’t keep making this stuff up!
You can see the video and article here: https://nypost.com/2021/11/30/jerome-powell-its-time-to-retire-term-transitory-inflation/
My prediction: I am 99% certain that if the stock markets tank for more than a few weeks then tightening and interest rate rises will quickly be taken off the table!
Yet, this week Janet Yellen, ex Fed chair and now Treasury secretary says that “Substantial Inflation Slowdown is Expected Next Year”
AND
that the US ($30 TRILLION) US interest burden ‘is very manageable’
I show in todays’ video the current debt table of which the US leads the world. It will never be repaid and its going up by 100’s of $1000’s per minute:
*Now the Fed ARE tightening monetary policy which just 6 months ago was described by Powell as “could be a particularly harmful mistake”
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MAJORS
EUR/USD: A grade short for e is from 1.1600. Intraday, look at 1.1370
USD/CHF: A grade for me is 0.9400, but have a look at 0.9176 on the 4H.
GBP/USD: Too messy for me fundamentally at the moment. Leaving it alone.
AUD/USD: A grade area for me is to short from 0.7300
NZD/USD: Similar scenario to the AUD pair, looking to short from 0.68700
USD/JPY: Looking to long at 112.40. Intraday I’d be looking at 113.300
USD/CAD: Looking to short from the 1.2900 -1.29500 area
CROSSES
EUR/GBP: I would like to short from 0.85600. Intraday have a look at the 0.8420 area.
GBP/CAD: One to watch on the 4H -area I’m looking at is 1.7150
EUR/CAD: A grade for me is a short at 1.4630. Intraday have a look at 1.4630
GBP/AUD: Long from 1.8700 is a possibility -A grade for me though is 1.8560
AUD/CAD: 0.92500 is an A grade short for me.
As always, remember correlation!
M3 -Shorter timeframes.
See the new course & recent blog posts as to how I do this: I do my analysis on daily and weekly charts first and make a note of the MAJOR areas of support and resistance. Then copy them onto Pierre’s Earth and sky template. Then I make a note of the weekly & monthly pivots points and add them to the charts. You will see lots of opportunities line up during the week. The important thing then is to select a bias for the next few days and do NOT take trades if the price is too near a trend line or pivot. Ideally, you want to buy when the price is near a major support and or pivot point line and has the potential to make at least 40 pips. Vice versa for a short.
New members, please note: If I am looking to take a trade long, for example, 1.5000, I place my order 10 pips above & 10 pips below for a short. This is because price often does not quite reach a major line and you need to allow for spreads.
We are NOT a “tipping service” our aim is to teach you how to trade for yourself.
For more up to the minute, updates do not forget to drop by the forum. Ashley is back from his travels and there are other senior members who are happy to help.
Watch the video below for more detailed explanations of this week’s analysis and trade plan:
If you only want to see my trading ideas for the week ahead they start about 9 minutes into the video. To see the video full screen click the box bottom right corner.
If you would like to learn how to trade like a professional check out our 5* rated forex mentor program, RISK FREE; by clicking on the “Get Started Today” Button below
Kind regards,
Marc
