Federal Reserve chair Jerome Powell will give a speech today at 18:30 UTC at the Brookings Institute. His speech with the title Economic Outlook, Inflation, and the Labor Market comes just before the release of the latest U.S. inflation and jobs data. Powell is expected to confirm expectations the Fed will slow its pace of rate hikes next month, even though the fight against inflation is not over yet. If Powell, however, states that interest rates will need to remain elevated for longer to counter high inflation, the U.S. dollar will push higher again.
Our trading ideas for today 30/11/22:
Long @ 1.0380
Short @ 1.0310
Long @ 1.1990
Short @ 1.1930
Long @ 14440
Short @ 14390
Settings for all trades today: Entries from 8:00 am UTC, SL 25
Disclaimer: All trading ideas and expressions of opinion made in the articles are the personal opinion and assumption of MaiMarFX traders. They are not meant to be a solicitation or recommendation to buy or sell a specific financial instrument.
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