Missed tonight's week ahead session? The full replay (47 minutes) is in the Classroom under Live Session Replays, with chapters, lessons, the market map and the full transcript: https://www.skool.com/kenmacro-trading-club-8088/classroom/e757f5bb?md=6e9f5da2195d4309aae289e4510a7ade I prepared for the week live, before the open. Here is what we covered. 1. The dollar. A strong week of US data ended with payrolls: 165,000 jobs, unemployment down to 4.1% and earnings up. The data supports another Fed hike in December, and it is not fully priced in. DXY defended 101.50 and the neckline is 102.50. I expect upside pressure this week. 2. EUR/USD. The flip side. 1.1100 is a big area that has bounced price before. I am waiting for the break, the pullback and a bearish engulfing candle before a swing short towards 1.0900. If I miss it, fine. 3. This week. CPI on Tuesday is the big one. I expect sticky inflation. PPI is on Friday. Monday is likely to be choppy, so let the open show you how the market takes the weekend news. 4. US and Iran. More tit for tat over the weekend while peace talks continue. Markets react to what is outside the price, not to what is already in it. 5. Gold. After a jobs report that strong, gold should have closed with a convincing bearish candle, and it didn't. 4,040 to 4,050 is still defended. I am watching the hourly neckline around 4,080 for a break and retest. The dollar and gold can rise together. 6. NASDAQ. The weekly is very bearish and the 4 hour is a pullback flag. I am watching for it to roll over after the open. 7. The yen. USD/JPY looks like it wants higher, but 160 is intervention territory, so I am staying away. On a personal account your stop is not guaranteed. The Swiss franc taught me that the hard way. 8. The pound. A hawkish Bank of England (8 to 1, not unanimous, so check your sources) gives three ideas on my watchlist: EUR/GBP shorts on a break of 0.8330 towards 0.8250, GBP/AUD longs on a pullback into the range it broke, and EUR/AUD for a lower high.

https://www.skool.com/kenmacro-trading-club-8088/classroom/e757f5bb?md=ff29ec6f97964194bfb641f6737592de

Missed our first live New York session today? The full replay (1 hour 9 minutes) is in the Classroom under Live Session Replays: https://www.skool.com/kenmacro-trading-club-8088/classroom/e757f5bb As promised at the end of the call, here are the key points so you can refer back to them. 1. Yields and tech. A rising US 2-year yield means markets expect higher rates and higher inflation. Higher borrowing costs hit tech hardest, because so many tech and AI companies borrow heavily to fund growth. That is the macro behind the clean bearish structure on NASDAQ: lower highs, lower lows, rejection around 31K and a liquidity grab at 30K. I'm short, stop above 29K, next major area of liquidity around 27,500. 2. Oil and the midterms. Oil pulled back because the expected weekend strikes on Iran did not happen and there is optimism in the press. My view: strikes are being held off ahead of Tuesday's US midterms, and escalation is likely to resume once they are out of the way. Treat any peace deal headline, framework or unsigned MOU with a pinch of salt. Remember, oil sits at the top of everything: business costs, consumer costs, supply chains. 3. Gold. Safe haven is the one-dimensional textbook view. War fears drive inflation fears, inflation fears push yields higher, and that is the other side of gold's rollover. Weekly structure is still bearish. I'm watching 3,950 to 4,000 for a retest and a lower high, with reduced risk and only on a rejection candle. Don't jump in out of FOMO. Markets don't move in straight lines. 4. Interest rate differentials (the AUD/CAD question). Money seeks yield: whoever offers higher rates in a stable economy attracts the capital. Australian CPI came in higher and the RBA is expected to hike on Tuesday, while the Bank of Canada is at 2.5%. AUD/CAD is pulling back from parity on oil strength and profit taking, ranging roughly between 0.9750 and 1.00. I'd still expect the lower part of that range to be defended, unless oil rips on escalation.

Let's get to know each other. Reply to this post and tell me: 1. Your name 2. Where you're based 3. What you trade (FX, gold, indices, crypto or something else) 4. The one thing about the markets you most want to understand better I read every reply, and your answers help me shape the live sessions around what you want to learn. Ken

Our first live New York session is on Monday 2 November at 14:00 UK. Open the Calendar, click Live with Ken: NY session and join from there. It runs Monday to Friday at the same time. We'll look at what's moving, why it's moving and how it shows up on the chart going into the New York open. Got a market you want me to look at? Put it in the comments below and I'll get to as many as I can. Replays will go in the Classroom under Live Session Replays. Ken