Tudor Jones predicts Fed will not hike rates in 2019 after raise in December – WE BELIEVE NOT TO BELIEVE…
- Billionaire investor Paul Tudor Jones says the Federal Reserve will approve a rate hike at its meeting next week then likely pause.
- Deflationary pressures, particularly from commodity prices, will negate the need for future hikes, the hedge fund manager tells CNBC. Read More @ https://www.cnbc.com/2018/12/10/tudor-jones-predicts-fed-will-not-hike-rates-in-2019-after-raise-in-december.html
Fed Starts Getting Pulled in Different Directions – but rising rates is good for US economy not to cause another bubble which is already in the making…
The run-up to the Federal Reserve’s rate-setting meeting on Dec. 18-19 is sure to intensify a debate on the central bank’s policy stance. It is a difference of views that, although unlikely to be resolved any time soon, shed important insights on a likely contributor to higher and, at times, unsettling market volatility.
Some point to the recent turmoil in financial markets and the slowing global economy as signs that the Fed has already gone too far in normalizing monetary policy through realized and intended measures. They point to the recent sharp selloff in stocks and the repeated cuts in global growth projections. They welcome what they regard as an overdue walk back by Fed Chairman Jerome Powell; and they anticipate a downward revision of the central bank’s economic projections and its blue dots (that is, guidance on the path of future rate hikes) when he and his Federal Open Market Committee colleagues meet next week. Read More @ https://www.bloombergquint.com/global-economics/fed-interest-rate-increase-suddenly-seems-a-bit-less-clear-cut#gs.V7Lk7k8
WHAT IS THE TECHNICAL CHARTS SAYING?
USD is at the Triple Top – any breakout from today – new highs will be reached. 2oth December – FOMC – we are expecting the FED to raise rates and USD will reach new highs. Be cautious and watch the market moving forward if you are shorting the USD.
TODAYS NEWS THAT WILL AFFECT YOUR TECHNICAL TRADES
- 2.00pm – Japan will release the Prelim machine tool orders – expected to be good.
- 2.30pm – France will release their Private payrolls – The ‘Previous’ listed is the ‘Actual’ from the Preliminary release and therefore the ‘History’ data will appear unconnected. There are 2 versions of this indicator released about a month apart – Preliminary and Final. The Preliminary release is the earliest and thus tends to have the most impact.
- 5.30pm – UK dominated by BREXIT – any news moving forward will have less impact as BREXIT overshadows – UK will release their average earnings, unemployment and claimant count – volatility expected – we maintain SELL for GBP.
- 6.00pm – Germany will release their Zew economic sentiment – It’s a leading indicator of economic health – investors and analysts are highly informed by virtue of their job, and changes in their sentiment can be an early signal of future economic activity.
- 9.30pm – US will release their PPI – It’s a leading indicator of consumer inflation – when producers charge more for goods and services the higher costs are usually passed on to the consumer – We maintain BUY for USD.
High Risk Investment Warning:
Please note that Forex and other leveraged trading involves significant risk of loss, It is not suitable for all traders and you should make sure you understand the risks involved, it is recommended that you seek an independent advice, if necessary.