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đ FOMC Frenzy: Will Powell Hit the Gas or the Brakes? đđ¸
Another week of money making, thanks for checking back in to The Trading Brief! FOMC is coming in HOT this weekend! This weekâs edition is sponsored by Mood Gummies!
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Listen up traders, this is what we have in store:
NEWS
The FOMC Meeting: Where Your Financial Future Gets Decided... Over Coffee
Ah yes, the much-anticipated Federal Open Market Committee (FOMC) meeting, that thrilling bi-monthly event where a group of highly caffeinated economists gather to decide if we should all be panicking or just mildly concerned. If youâve never heard of the FOMC meeting, let me explain: itâs like the Oscars for people who get excited about interest rates. But instead of red carpets and celebrities, you get Jerome Powell in a suit that probably costs more than your car, discussing inflation with all the excitement of a PBS special.
For futures traders, this meeting is the Super Bowlâexcept you have no idea which team will win, or if you're even watching the right sport. One minute the marketâs up, the next itâs down, and somewhere in between, youâre refreshing your portfolio like itâs Tinder on a Friday night.
So, whatâs the big deal this time? Well, rumors are swirling that Powell and his merry band of economic wizards might actually hit the brakes on rate hikes. Or maybe theyâll floor the gas. Or perhaps theyâll just look at each other and shrug because, letâs be honest, no one really knows. Not even them. But hey, confidence is key, right?
Traders Be Like:
Futures traders are already breaking out in cold sweats, watching the CME FedWatch tool like itâs a suspense thriller. Will they raise rates? Will they pause? Will Powell finally acknowledge that crypto exists? Itâs anyoneâs guess, but one thingâs for sure: volatility is about to skyrocket like GameStop stock circa 2021.
Now, if you're a day trader, youâre probably planning to ride these FOMC-induced waves like a wannabe surfer who just bought a board on Craigslist. Some might call that reckless. Others call it âan opportunity.â Either way, good luck.
What It Means for the Market:
For the rest of us, the FOMC meeting could mean everything or nothing at all. If rates go up, mortgage applications might spike as everyone rushes to lock in the âcheaperâ interest ratesâwhich, at this point, is like rushing to buy the last avocado at Whole Foods because itâs only $3.99 instead of $4.59.
If rates stay put, expect some cautious optimism from the markets. Or maybe theyâll tank anyway, because apparently, the stock market is powered by hopes, dreams, and a lingering sense of dread.
In summary, the upcoming FOMC meeting promises to be as unpredictable as ever. Futures traders will likely experience the full spectrum of human emotions in a single trading session, while the rest of us cling to the hope that someone in the room knows what theyâre doing. So grab your popcornâor maybe a strong drinkâand tune in. Who knows? This might just be the financial circus we didnât know we needed.
EVENTS
Important Data Events - Week 38
đ = less important
đ´ = more important
Monday, September 16
8:30a EST | đ Empire State Manufacturing Index |
Tuesday, September 17
5a EST 8:30a EST | đ German ZEW Economic Sentiment đ´Retail Sales |
Wednesday, September 18
2a EST 8:30a EST 10:30a EST 2p EST 2:30p EST 6:45p EST 9:30p EST | đ´CPI (GBP) đ Building Permits đ Crude Oil Inventories đ´Federal Funds Rate đ´FOMC Statement đ´GDP (NZD) đ´Unemployment Rate |
Thursday, September 19
7a EST 8:30a EST 10a EST 9p EST | đ´Monetary Policy Summary (GBP) đ´Unemployment Claims đ Existing Home Sales đ 1&5 y Loan Prime Rate (CNY) |
Friday, September 20
2a EST 8:15a EST 8:30a EST 11a EST 2p EST | đ´ Retail Sales (GBP) đ´ BOC Gov Macklem Speaks đ´Retail Sales (CAD) đ ECB President Lagarde Speaks đ FOMC Member Harker Speaks |
WEEKLY TRADING LEVELS
FUTURES INDICIES
Enjoy this list of levels that have been curated for you! These levels are some major support and resistance levels that have been identified as areas of interest.
Use them to guide your charting, happy trading! âď¸
ES 5720 5668 5558 5522 5438 5327 | NQ 19848 19694 19577 19397 19286 19185 |
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Thank you for tuning in! Feel free to refer your friends if you enjoyed the publication.
Peace out, happy trading! đ
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