Max -
1.1K posts

Max -
@ForexwithMax
Trying to enlighten & provide value in the Forex space where common sense took a vacation 📊


















Market Update 18.09.2024 📈 Sentiment Summary 📊 Pretty slow & quiet start to the week as the markets await FOMC. DXY still failing to create new lows as the current sentiments & data has all been priced in & no new catalyst to support Dollar Bear continuations. To continue the Macro Bias of Dollar Bears & extend current trend creating new lows we need an aggressive 50bps rate cut with some new Dovish Comments to hold more weight. Otherwise I see a higher probability of Dollar Bulls aka pullback phases as these rate cut sentiments have been massively priced in already. Note 📝 I wouldn’t be surprised if even with 50bps if we do not get Dovish Comments we can see an upside on Dollar after very short lived downsides as the markets have been also pricing this in.











Everyone is expecting more dovish Powell, but... two years ago, the Fed chair surprised the market by delivering a hawkish speech that sent the S&P 500 tumbling 3.4%, while 10-year yields swung by 8bps intraday.
















