MARKET UPDATES

What's new:
Global / US - Last week, GDP was much lower than HOW TO
expected. The high interest rates are clearly taking effect. JOIN PAFTI
This caused markets to rally and the USD to slide down as
future rate hikes were being priced out.
Japan - BoJ Governor Ueda had his first conference.
1) LEARN HOW TO TRADE
Surprisingly he mentioned that they will continue easing. FOR FREE AT PAFTI.PH
This greatly weakened the JPY.
Australia - The RBA just recently and unexpectedly raised
rates by 25bps which pushed the AUD upwards.

Week ahead: 2) OPEN AND FUND LIVE

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Notes:
The main event will be the FED rate hike. Most of the
market will be choppy for the week until then. There
might be some volatility during the news release. It
might be prudent to wait for the dust to settle next week
for a clearer bias. For now, let's stick with short term
trades with proper risk management. Try to stay out of
the market during the news if you don't have a proper
plan for it. 3) REGISTER TO JOIN
USD - The FED is expected to raise rates by 25bps. The main DISCORD CHANNEL
movement will come during Powell's speech. Let's wait for
some key points to have a clear directional bias.
EUR - The ECB will also have a rate decision after the FED on
Thursday. However, the main catalyst will be the CPI data
release on Tuesday. Higher data will indicate that inflation is
still persistent and might have a higher rate path in the
future. If so, the we look for opportunities to continue VISIT THIS LINK TO START:
buying the EUR. However, as the EUR is very much
overbought, it might be better to look for bearish setups WWW.PAFTI.PH/JOINPAFTI
given there are no surprises in CPI data. Better yet, if it's DISCORD

much lower than expected, then that gives more room to the
downside for EUR.

May 2, 2023 PAFTI.PH

ECONOMIC CALENDAR

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TRADE SETUPS

EURCHF H4 FUNDAMENTAL
Look for opportunities to go long at the break of the trendline. Best to LONG TERM
BIASES
be confirmed with high EUR CPI data.

USD - WEAK BEARISH

EUR - NEUTRAL
GBP - NEUTRAL
JPY - BEARISH
CHF - NEUTRAL
AUD - WEAK BULLISH
NZD - NEUTRAL
CAD - NEUTRAL
US EQUITIES - NEUTRAL
EU EQUITIES - NEUTRAL

Corn H4 Notes:
Look for opportunities to go short on break of trendline or using the Use the PAFTI Signature
PAFTI SS. Strategy to look for the
specific ENTRY, STOP LOSS
and TAKE PROFIT. It can be
found here:
https://www.pafti.ph/paftia
cademy
Setups and biases can be
invalidated if pullbacks are
too far or when there is a
change in fundamentals or
sentiment during the week.
Join our Discord channel for
all setups
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