[This Week] Market Summary you NEED
2023 is here, and the markets are living up to their reputation for volatility. After all, volatility has defined global markets in 2022. From the Fed’s outsized rate hikes to geopolitical tensions and the crypto winter all contribute to major market movements. Although the Fed is trying to achieve a soft landing for the economy in 2023, the central bankers know that the process would not be easy. The International Monetary Fund (IMF) chief Kristalina Georgieva said this week that 2023 is going to be a tough year for the global economy as the United States, China and Europe are experiencing a slowdown. She added that the IMF expects one-third of the world economy to be in recession in 2023. As these trends play out, there will be potentially major movements in stock, Forex, commodity and crypto markets. As always, our top analysts will be keeping a close eye on the markets. And when they see any exciting opportunities to potentially profit from, you will be the first to hear them. (Click hereto get their latest market predictions). With that, let’s quickly have a look at some of the top market stories this week… Here’s what moved the markets most: 1. The Federal Reserve’s December monetary policy meeting minutes showed the central bank is worried about any market perception that its commitment to fighting inflation was flagging. The minutes also showed that policymakers do not envisage interest rate cuts in 2023. 2. The U.S. jobs market closed out 2022 on a high note as employers added 235,000 jobs in December. The U.S. ADP private payrolls report showed the goods-producing sector increased by 22,000, while service providers added 213,000 jobs. This meant a strong labor market despite the Fed’s attempt to tame inflation and suggested more room for interest rate hikes. 3. Eurozone inflation rose at an annual rate of 9.2% in December, down from the double-digit levels of 10.1% in November and 10.6% in October. This was seen on the back of lower energy prices and sparked hopes that the consistent rise in inflation has finally peaked. 4. November’s Job Openings and Labor Turnover (JOLTS) report showed the job openings fell less than expected in November as the labor market remains tight. 5. China’s December manufacturing activity contracted sharply as the nation saw a surge in Covid infections which hit demand. The Caixin Manufacturing Purchasing Managers Index (PMI) read 49.0 in December, weaker than last month’s reading of 49.4. All in all, it was a busy week jam packed with some big macro developments! These events can likely move the Forex and may offer some of the best potential market opportunities if you have a solid strategy in place. Click here to get this strategy in our upcoming session! See you next week! To your success, Jared Martinez Founder, Market Traders Institute |
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| TRADE OUR PREDICTION Market Reset Prediction - Dollar Rush 2023 After sifting through over 50 years of data and half a century of price action we’ve come to a crazy conclusion for a major currency pair. Hint: We have a prediction for the dollar and are looking to trade a few USD pairs. Make sure you’re not left behind! Click here to prepare for what could be the biggest USD trade of 2023. We’re predicting… 9015+ PIPs potential opportunity in Q1 2023!* Join us every Wednesday for live updates!!! Click Here & Trade with us 👉 |
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| TRENDS WE ARE TALKING ABOUT |
| Tuesday 7:00 PM EST New Year New You: Politicians Can Provide Big Opportunities Politics can be a huge catalyst for market motion. As traders, this is how we capture the "lightning in a bottle" - watch LIVE now. REGISTER FOR FREE → |
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NEW TRADING TOOLS: New SmartTrader Release The SmartTrader team is excited to announce several updates! You can find the detailed release notes here. There is just one step you need to take to ensure your charting data is not lost. Make sure to reload the website! You can do this by clicking the “refresh” button (looks like a circular arrow) in your internet browser. |
Failing to do this one step may cause all your data to be lost. Click HERE for more information on this update. |
WORDS TO LIVE BY "Trading always offers another opportunity, it’s called TODAY” – Jared Martinez, FXChief® and Market Traders Institute Founder |
*9015 PIPs opportunity from a standard lot position. 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. All trading carries substantial risk. Please see our full risk disclaimer. **These results are based on simulated or hypothetical performance results that have certain inherent limitations. Unlike the results shown in an actual performance record, these results do not represent actual trading. Also, because these trades have not actually been executed, these results may have under-or over-compensated for the impact, if any, of certain market factors, such as lack of liquidity. Simulated or hypothetical trading programs in general are also subject to the fact that they are designed with the benefit of hindsight. No representation is being made that any account will or is likely to achieve profits or losses similar to these being shown. |
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