[Week 14 - 2022] Trades Recap and Trade Setups

Hey Traders,

Last weeks NFP release keeps the Fed on target for 50 basis hike at May and likely during the June meeting as well. With just 4 other meetings left till the end of year, an average increase of 25 basis at each meeting could hit a high of around 2.5%, in line with the target rate the FEDs official speak off.

Stock indices enjoyed the rally earlier on the week as news of de-escalation of war pops up but gave back most of the gain after the NFP release as markets shifts focus onto the the rise of interest rate and it's contractionary impact on the economy.

Upcoming Economic Release:

Credit: ForexFactory.com Time: +8 GMT

Dollar Index (DXY)