Inflation-Thursday proved to be a roller-coaster ride in the markets. U.S. inflation came in at 7.5 percent and was thus higher-than-expected. While the initial market reaction sent the U.S. dollar higher, the following whipsaw performance wiped out any previous gains. At the end of the trading day and after three fake-outs we had to record a small loss. However, also these days happen in trading and we will get over it.
After yesterday’s wild ride we may see some more profitable movements today.
Have a nice weekend.
Our trading ideas for 11/2/22:
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Long @ 1.1440
Short @ 1.1365
Long @ 1.3565
Short @ 1.3510
Long @ 15410
Short @ 15340
Long @ 3170
Short @ 3070
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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