Live Q&A Webinar – Wed 18 Sept: Fed cuts rates but seen as hawkish, USD rises (and the AUD is falling…)

Mark NugentDaily Alert, Q&A Webinar, Sept 2019

Live Q&A Webinar – Wed 18 Sept: Fed cuts rates but seen as hawkish, USD rises (and the AUD is falling…)

The Fed cuts interest rates by 25bp as expected and the statement was seen as hawkish due to there being three dissenters and the language on the economy was not downgraded. The USD rises. The change in risk sentiment from last week’s “on” to a more muted “neutral” this week has caused the AUD to fall. So I will looking closely at the AUDUSD for a short.

Elsewhere, WTI gives back two thirds of the gap-up seen on Sunday as the Saudis get production up and running and will meet any shortfall in orders from stock. This fall is helped by both inventory numbers showing unexpected stock builds.

Steve showed us the power of the “backtester” build into MT4. This is a useful tool to test possible trade entry signals and Expert Advisors (automated trading robots). We will be building on this in future webinars.

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