⬇️ENTRY: 185.000 ⛔STOPLOSS: 185.606 (61 PIPS) ✅TAKEPROFIT: 183.000 use no more than 1% risk on this trade.

DXY (USD) Soft U.S PPI and deepening concerns over labor market outlook prompt Fed jumbo rate cut bets. Market expectations for the Fed reducing interest rates by 50bps have increased significantly as the U.S annual PPI data for August came in sharply lower than expected on Thursday. I'll be trading with less risk this week as a lot of big news is coming out for the USD. All eyes on the rate decision on Wednesday. EUR EUR/USD extends last week's gains near 1.1120 as rising bets for Fed large rate cuts weigh on the US Dollar. The ECB is expected to cut interest rates once again. Until that happens I am bullish EUR/USD. JPY Yen Pierces 140 per Dollar for the first time since July 2023. The Japanese Yen rose in Asian trade against the US Dollar for the fifth straight session, piercing the 140 barrier. Bank of Japan member Junco Nakagwa said on Wednesday that the BOJ will continue to raise interest rates if the economy and inflation move as expected. I continue to be bullish on the Yen but will expect large swings and consolidation until the Fed news. XAU/USD (GOLD) Gold stabilizes at all time highs after its steep rise at the end of last week. The overall trend remains bullish, and much depends on the outcome of the Fed meeting on Wednesday. Gold is in the overbought zone according to the RSI, but in a firm uptrend on all timeframes. I still remain bullish on gold, when the Fed cut rates expect another strong move the upside breaking a new record high. Overall this week will all be about that Fed rate Decision on Wednesday, Will the Fed cut by 25bps or 50bps? Regardless, there is a cut coming. Watch your risk this week as the markets are going to have a lot of volume.

⬆️ ENTRY:2410.03 ⛔STOPLOSS: 2404.95 (461 PIPS) ✅TP1 2414.98 ✅TP2 2419.93 ✅TP3 2424.85

No trade on GBP/JPY this morning….. I didn’t get an entry signal. Will be looking at Gold during New York open !

⬇️ ENTRY: 197.068 ⛔ STOPLOSS: 197.331(25 PIPS) ✅TP 1: 196.806 🤑 ✅TP 2: 196.542 ✅TP 3: 196.279 Updates in comments ⬇️