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We just added the UK Economic Heatmap to the EdgeFinder! Now, you can quickly scan key economic data, compare actual vs. forecasted numbers, and see whether the latest reports signal strength or weakness for the UK economy.
π΅ Risk-on signals (positive surprises)
π΄ Risk-off signals (negative surprises)
Stay ahead of the market with clear, data-driven insights. Check it out now inside the EdgeFinder! π
π GET THE EDGEFINDER (30% Off Code: TGVIP)
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SPX500
Markets come down in premarket trading as we await the Fed decision this afternoon on interest rates. Odds are nearly 100% towards another pause in rate cuts, not something investors want to see. Although a pause is probably the right move from the Fed, the stock market might take a hit for a short period. Demand is still prevalent though, and yields are dropping too.
-Frank
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Markets come down in premarket trading as we await the Fed decision this afternoon on interest rates. Odds are nearly 100% towards another pause in rate cuts, not something investors want to see. Although a pause is probably the right move from the Fed, the stock market might take a hit for a short period. Demand is still prevalent though, and yields are dropping too.
-Frank
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Gold
Gold may have formed a head and shoulders pattern here on the 4H timeframe before the rate decision. Keeping rates higher for longer will likely put a damper on gold optimism as the metal trades directly against the strength of the dollar. What is more important are the forecasts going forward. We will get some insight on where Powell thinks rates should go based on the inflationary and labor environment. To sum this up, less rate cut expectations in the future will be bearish for gold.
-Frank
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Gold may have formed a head and shoulders pattern here on the 4H timeframe before the rate decision. Keeping rates higher for longer will likely put a damper on gold optimism as the metal trades directly against the strength of the dollar. What is more important are the forecasts going forward. We will get some insight on where Powell thinks rates should go based on the inflationary and labor environment. To sum this up, less rate cut expectations in the future will be bearish for gold.
-Frank
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Simplify your trading with tools like:
β Top Setups Page
β COT Data Scanner
β Retail Positioning Indicator
β Market Sentiment Analysis
β Fundamental Scanners (Forex, Gold, Energy, Indices)
β Seasonality & Heat Maps
This is your chance to level up your strategy and access the data that drives the marketsβall in one powerful tool.
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Trading tip of the day:
Great trading doesn't necessarily mean making a lot of money quickly.
It means keeping your drawdowns to a minimum, and consistent growth over time.
Happy Thursday traders!
- Nick
Great trading doesn't necessarily mean making a lot of money quickly.
It means keeping your drawdowns to a minimum, and consistent growth over time.
Happy Thursday traders!
- Nick
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Most traders rely solely on technical analysis, but fundamentals tell the real story behind market moves. π
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π₯ Whatβs Inside?
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β Using the COT Report & seasonality trends
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Most traders rely solely on technical analysis, but fundamentals tell the real story behind market moves. π
Our FREE Fundamental Trading Course breaks down everything you need to knowβfrom key economic indicators to trading the news like a pro.
π₯ Whatβs Inside?
β Understanding monetary policy & central banks
β Trading inflation, interest rates, & GDP news
β Identifying smart money vs. retail sentiment
β Using the COT Report & seasonality trends
β Strategies for trading gold, oil, & major market events
π Start learning today: https://form.jotform.com/242024771293151
NASDAQ Daily Chart:
With a strong economy, and institutional money still bullish on tech stocks, I still see more upside as the path of least resistance for NAS.
Fighting this uptrend has been a painful ride for short sellers.
Bullish trigger would be a breakout of this consolidation, and then looking for pullbacks.
- Nick
With a strong economy, and institutional money still bullish on tech stocks, I still see more upside as the path of least resistance for NAS.
Fighting this uptrend has been a painful ride for short sellers.
Bullish trigger would be a breakout of this consolidation, and then looking for pullbacks.
- Nick
Despite Powell's hawkish remarks, gold is gearing for all time highs once again. Today's GDP numbers came out lower, however. This could likely cause a short term spike in price as it indicates a weaker economy (dollar) with "elevated" inflation, according to the FOMC latest statement. We will see if gold is in a strong enough state to keep notching higher highs in this environment.
-Frank
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-Frank
Data from the EdgeFinder - 30% OFF NOW!
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π Get the EdgeFinder (30% Off Code: TGVIP)
Have you ever traded the Russell / $IWM /RTY ?
Anonymous Poll
18%
Yes!
82%
No, but I'd be interested in learning about it
Remember: It's not about the next trade.
It's about the next 1000 trades...
Having an edge does not mean winning every trade!
It's about the next 1000 trades...
Having an edge does not mean winning every trade!