[Week 36 - 2022] Trades Recap and Trade Setups
Updated: Jan 20
Last Friday, Russia shut down the Nord Stream 1, causing a huge alarm in the market as the Europe will be in a dire energy situation as Winter is approaching, potentially increasing the cost of everything in the region (inflation). With EUR/USD trying to maintain parity, it would not be long that the EUR will continue its slide. Moreover, risk asset was struck upon the decision made by Russia, retracing all the upside movement and closed near the low of the week. One of the key highlight is Powell's speech next week, it is likely that market will continue its slide if he asserts his hawkish tone.
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