FEBRUARY 4 – FEBRUARY 10, 2024Explore boundless trading opportunities with our cloud-based charting platform, the ultimate hub for analyzing forex, cryptocurrency, and stock markets all in one place.
With this tool, you can take control of your trades like never before!
Set customized alerts and unlock a range of advanced features. Grab your trading software here
Hi,
What a wild week it was for the markets!
The Federal Reserve, in its fourth consecutive meeting, held interest rates steady. But the real story lies in what’s coming next.
Fed Chair Jerome Powell tempered expectations of an imminent rate cut, particularly for March.
The Federal Open Market Committee showed no rush to reduce rates, highlighting the importance of gaining confidence in inflation consistently edging closer to the 2% target.
Although the Fed acknowledged substantial progress in inflation, it insists on awaiting additional data to validate this downward trajectory. The unanimous decision to retain the federal funds rate target range at a 22-year peak of 5.25% to 5.5% highlights this pivot.
Additionally, the central bank confirmed its plan to gradually trim its balance sheet, at a rate of up to $95 billion monthly, with a comprehensive review slated for their March meeting.
Our top analysts are trading this news in the market for potential gains. Click here to see their trade strategy.
Here’s a scoop of other market movers from the week:
1. Robust U.S. Jobs Market: In a positive stride, the U.S. economy added 353,000 jobs in January, maintaining an unemployment rate of 3.7%. Growth was evident in professional and business services, healthcare, retail trade, and social assistance.
How might this impact economic policies and market dynamics? Our analysts break it down. Click here to know more.
2. Eurozone Data: The Eurozone approached the new year cautiously, with its GDP showing a standstill compared to the previous quarter and only a modest 0.1% growth year-on-year. Preliminary estimates suggest an overall 0.5% growth rate for the entire year of 2023.
3. BoE Maintains Key Rate:The Bank of England mirrored the U.S. Federal Reserve’s policy by keeping its key interest rate unchanged for the fourth consecutive meeting.
4. IMF’s Global Growth Forecast: The International Monetary Fund (IMF) revised its global growth projection upward to 3.1% in 2024, a 0.2 percentage point increase from the previous October projection. This upgrade reflects improvements in China, the United States, and prominent emerging markets and developing economies.
5. Tech Giants’ Earnings:Microsoft presented a modest revenue forecast of $60 billion to $61 billion for the next quarter. The tech giant reported a stellar 17.6% year-over-year revenue surge, accompanied by a net income of $21.87 billion. Meanwhile, Alphabet (formerly Google) saw its fastest revenue growth since early 2022, with a 13% increase.
So, that’s the scoop for this week!
To help you make sense of it all, we’ve got an exclusive strategy guide. Grab your copy >>
To your success,
Tad DeVan
Senior Currency Strategist
Market Traders Institute.
TRADE OUR PREDICTION
An Indicator for Q1 Opportunity
There’s always an indicator from the markets BEFOREthey make big moves.
We believe our predictioncould be that early indicator this time.
It is because the first quarter of 2024 is all about a few exclusive assets that look to be set to explode exponentially.
We’ve been talking about this exclusive opportunity…
…how current factors could shake the economy…big banks…global markets…and simultaneously kick off a potentially massive move in USOIL and this currency pair with a neat 5,500 PIPSof trading opportunity!
I want to make sure you know where we’re positioning our trades.Click here to see this opportunity
TRENDS WE ARE TALKING ABOUT
Monday 11:00 AM EST
The USD Was Up 9 weeks in a Row. The JPY Can Be Your Next Trade. See it LIVE
The strong move in the Dollar came from rising interest rates. The Bank of Japan can lead the Yen the same way. Even a hint of rate movement can send the Yen on a massive run. See how to trade it LIVE.REGISTER FOR FREE →
Monday 1:30 PM EST
The ABCD Pattern with AUTOMATION in the FOREX Market
See the method and tools our traders are using to get results in the market, LIVE.
REGISTER FOR FREE →
Monday 7:00 PM EST
See How Our Students Use the Hybrid Trading Room to Get RESULTS in the FOREX
Replicating what works is the key to success. Instead of trial and error, you can replicate our trades. See How to do it in this LIVE Webinar and be ready to trade the FOREX as soon as Wednesday.
REGISTER FOR FREE →
*Predictions are not a guarantee of this or any result. Information provided on this prediction is for general information purposes only. We offer no representation or warranty with regard to this prediction. No prediction is personalized or otherwise directed at any individual or particular circumstances. We disclaim and will not accept any liability for losses associated with this prediction.
**Predicted movements expected to last from 1st January, 2024 through 31st March, 2024.
Copyright © 2024 Market Traders Institute
2301 Lucien Way Maitland, FL, 32751
International: 407.585.2417 USA & Canada: 866.787.8558
Click here to Manage Your Email Preferences
All trading carries significant risk. Please see our full risk disclaimer.