Trade ideas thread: Whre is the fun in the sidelines

August 12, 2024 at 11:09PM
I’m cautious on risk assets at the moment but I can see the case for optimism:

1) The Fed put is there. It worked last week.

2) The recessionary winds are blowing but you can’t underestimate the US consumer

3) Certainly a better entry point than it’s been

4) AI has run a long way but it’s real and there are hints that OpenAI has something cooking

But maybe the risk on/off trade isn’t the one right now as there is an excellent opportunity to get back in the USD/JPY trade now that the BOJ has waved the white flag.

But I’m open to all ideas, post ’em below.

This article was written by Adam Button at www.forexlive.com.