We will be using this Dollar pullback to position short EURUSD ideally around 0.9980 to target 0.95

Technical structure is on point with strong resistance right around 0.9980 while fundamentals still favor medium term Dollar strength, and when technicals and fundamentals align, there’s a trade to take

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Above 0.97 and possibly near 0.9750 is where we are interested in positioning short EURCHF again, still looking for a continuation lower towards 0.94 over the medium term thus moves above 0.97 offer a good opportunity to position short

We are already short EURCHF with the Private Network from 0.9760, looking to target 0.94 and lower

Breakeven on EURCHF shorts, still bearish tho so looking to position again later on

Meanwhile use pullbacks above 0.98 to add or to get short EURUSD if you haven’t already, we will

We target 0.94 on EURUSD

A bit of a squeeze in EURUSD back toward parity, if it trades above it we will be out of the EUR shorts

Patiently waiting to use this other Dollar pullback to get short EURUSD from better levels around 1.02...

We are looking to get long at support for a short term run up to 4000...

Markets are pricing a dovish pivot from the FED, arguably on a wrong basis, but that’s the current sentiment and we can ride it heading into next week’s FOMC

S&P500 so far, keep in mind you want to be flat or at least with stop loss at breakeven before today’s FOMC, expecting volatility both ways before a clear direction is taken

Slower rate hikes but higher peak fund rate is the main takeaway from Powell’s presser yesterday, and that keeps us looking for Dollars longs going forward…

Think about the context, US real yields are pushing up, interest rate differentials are moving in favor of the Dollar, the FED is better positioned to keep raising rates longer than anyone else, and the Dollar offers a good carry plus risk protection against risk off conditions.

In other words, we are looking to position short EURUSD on pullbacks, target still down to that 0.95

We start shorting EURUSD from current levels, a little higher than previously planned as volatility has been pretty high, exact trade details shared with the Private Network members as always

Also keep in mind, CPI and mid term elections coming up this week

Wrong on the EURUSD shorts after the CPI, with this soft inflation print the macro context is gradually shifting to a more positive note, we can see the FED will begin to meaningfully slow down their tightening from their next FOMC

Looking for a short term long on the S&P500 from support with target 4100...

With inflation softening, US yields retracing, the FED preparing to slow down their tightening, and the optimism revolving around China easing restrictions we look to buy dips in sentiment with target specifically on the S&P500 at 4100

Taking a little longer than expected, but so far on track, obviously you want to have stop loss at breakeven or in profit before the FOMC minutes

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From the FOMC minutes, pretty unusual for the FED to state this so plainly, they are gearing for a much slower tightening path next year due to growth concerns.

Prepare for the scenario, precious metals will outperform, but keep in mind, NOT a short term view