Traders Brace For Volatility
Yesterday was nothing to gain but this could change today as traders await the looming release of the core PCE deflator, today at 13:30 UTC. The Federal Fed’s preferred inflation gauge can influence the central bank’s monetary policy outlook. A hotter-than-expected print would boost the U.S. dollar.
So, be prepared for volatility!
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Our trading ideas for today 29/2/24:
EUR/USD
Long @ 1.0865
Short @ 1.0820
GBP/USD
Long @ 1.2685
Short @ 1.2640
DAX® (GER40)
Long @ 17640
Short @ 17540
Settings for all trades today: Entries from 8:00 am UTC, SL 25, TP 40
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.
We wish you good trades!
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