🔥 Last Week’s Highlights
1️⃣ Dollar Flexes Muscles:
The dollar rallied hard, supported by expectations of a slower Fed rate-cut cycle. The Dollar Index is now testing critical resistance levels—can it push higher?
2️⃣ Yen’s Surprise Rebound:
After weeks of struggles, the yen bounced back without intervention from Japan. A brief spark or the start of a new trend? We’re watching closely.
3️⃣ Pound’s Rough Week:
Weak GDP, rising unemployment, and a dovish Bank of England left the pound at the bottom of the currency leaderboard.
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💰 Our Trading Win:
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🚨 8 successful trades last week
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📈 Over 400 pips in profits!
This proves the power of discipline and sticking to our strategies. Let’s keep the momentum going!
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🔮 What to Watch This Week
1️⃣ Dollar at a Crossroads:
Can the Dollar Index clear resistance and target 114? It hinges on bond yields and stock market corrections.
2️⃣ Yen’s Potential Shift:
Watch AUD/JPY—bearish signals are forming. The yen could stay in the spotlight if global risk sentiment continues to shift.
3️⃣ Fed Watch:
December rate cuts? Markets say 60% likely. January? Less than 20%. Fed speeches this week could flip expectations overnight.
📊 Key Technical Notes:
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Dollar Index: 107.92 is the next target; 105.44 is critical support.
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Stocks: S&P 500 and NASDAQ show island tops—above the 55-day EMA is bullish; below it signals deeper corrections.
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10-Year Yield: Watch for a breakout at 4.45%—it’ll either fuel the dollar or slow its momentum.
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⚡ Final Words
Last week, we delivered strong results in the markets, but there’s no time to rest. The chessboard is set for another exciting week—stay disciplined, stay sharp, and let’s crush it again!
💬 How are you positioning yourself for the week ahead? Share your thoughts below!
#Trading #Forex #MarketRecap #WeeklyUpdate #DollarIndex #Fed #ForexSuccess #TradingWins
This post is originally published on ROADTOMILLION.
