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Forex news -forex broker review => Forex => Topic started by: forex4you on Aug 13, 2024, 07:18 am

Title: Trade ideas thread: Whre is the fun in the sidelines
Post by: forex4you on Aug 13, 2024, 07:18 am
Trade ideas thread: Whre is the fun in the sidelines

I'm cautious on risk assets at the moment but I can see the case for optimism:

1) The Fed put is there. It worked last week.

2) The recessionary winds are blowing but you can't underestimate the US consumer

3) Certainly a better entry point than it's been

4) AI has run a long way but it's real and there are hints that OpenAI has something cooking

But maybe the risk on/off trade isn't the one right now as there is an excellent opportunity to get back in the USD/JPY trade now that the BOJ has waved the white flag.

But I'm open to all ideas, post 'em below.



                This article was written by Adam Button at www.forexlive.com.

Source: Trade ideas thread: Whre is the fun in the sidelines (https://www.forexlive.com/news/trade-ideas-thread-whre-is-the-fun-in-the-sidelines-20240812/)

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