Daily Alert – Thursday 1st June 2023: Fed voters indicate June pause

Mark NugentDaily Alert, June 2023

Daily Alert – Thursday 1st June 2023: Fed voters indicate June pause

Good morning.

The US debt bill passed in the House of Representatives and now will make its way to the senate. Elsewhere, Fed officials indicated they may pause in June to gauge the effect of previous hikes. This is not a promise, and anything can happen, but these pronouncements are often planned. Sentiment was risk-off.

My EURGBP short is doing rather nicely and is currently sitting at more than 2x risk in the money. I closed half the trade last night.

Later today we have Eurozone inflation and the minutes from the last European Central Bank meeting.

I’ll be back tomorrow with a brief video of last week’s EURUSD trade and your Performance Report for May and year-to-date.

VIP Club members can see today’s video, all brief trading videos, the Monthly and YTD Performance videos, the Trading Video Course and download the MTM Indicators software HERE