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Weekly Macro Breakdown
Right, strap in — this is one of the biggest weeks of the entire year. We've got four central bank interest rate decisions: Japan, Australia, the US Federal Reserve, Switzerland, AND the Bank of England. When this many central banks meet in the same week, volatility is guaranteed. As always, I'll keep it beginner-friendly and explain as we go. QUICK REFRESHER: Every event has three numbers. Previous (last time), Consensus (what's expected), Actual (what prints). The market moves on the surprise, the gap between expected and actual. And remember the two most important words: hawkish (leaning toward higher rates = currency up) and dovish (leaning toward cuts = currency down). 🔴 MONDAY, JUNE 15 ECB President Lagarde Speech (2:30 PM) EUR 🇪🇺 Lagarde runs the European Central Bank. After last week's ECB rate hike, the market will be listening for clues about what comes next. One thing to note the consensus is "LOCKED," meaning analysts aren't even putting out a forecast because it's an unscripted speech. Listen for the tone: is she still worried about inflation (hawkish) or starting to worry about the slowing economy (dovish)? 🔴 TUESDAY, JUNE 16 China Industrial Production & Retail Sales (9:00 AM) CNY 🇨🇳 Industrial Production measures factory output. Retail Sales measures how much people are spending in shops. Together they tell us how healthy China's economy is. China is the world's factory, so weakness here ripples out to commodity currencies like the Aussie dollar. Bank of Japan Rate Decision (time TBC) JPY 🇯🇵 ⭐ Previous: 0.75% | Consensus: 1% Japan's been the global outlier for years keeping rates near zero while everyone else hiked. Now they're expected to raise to 1%. This matters because the yen has been incredibly weak (remember it hit that 160 danger zone). A hike could finally give the yen some strength. Watch the press conference (1:30 PM) that's where Governor Ueda's tone moves the market. Reserve Bank of Australia Rate Decision (11:30 AM) AUD 🇦🇺 ⭐ Previous: 4.35% | Consensus: 4.35% (expected to hold)
WARNING
Good morning all! Massive day ahead. Space X IPO drops today at US market open. This is going to cause chaos I would highly recommend just staying out of the market today. This is a black swan event and I really don't know what will happen here. It really could go either way it almost feels like a meme coin at this point and I'm sure you know how that goes! Very exciting to watch but fight the FOMO feeling as it might save you a lot of money today!
New Video
I’ve attached my most recent YouTube video going into detail about timeframe analysis Take a watch if you struggle with timeframe analysis or don’t understand what timeframe analysis is https://youtu.be/Ehm4TLdkQLA?si=WsEHNwb6VNcXQR5r
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Notice For All Members
I have now updated inside of basic setup the links for you to sign up to IG Markets and FTMO. These links will give you access to the best trading conditions from both brokers. Please use the links to sign up as it will benefit in the long run. Enjoy!
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my ups and downs.
here is a few screen clips I've taken to see if id have my first pattern correct of understanding the charts so far. still looking for more tips and advice on learning how to improve my knowledge. cheers for being apart of the program everyone.
my ups and downs.
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