<p>A Goldman Sachs note from later Friday (info via Reuters) has analysts at the bank making more pessimistic forecasts ahead due to a more aggressive Federal Reserve tightening policy through the rest of this year:</p><ul><li>“higher rates path combined with recent tightening in financial conditions implies a somewhat worse outlook for growth and employment next year“</li></ul><p>Goldman Sachs have revised their projection for next week’s Federal Open Market Committee (FOMC) meeting. GS expects the FOMC to hike 75 basis points, up from 50 basis points previously.</p><ul><li>sees 50 bp hike in November</li><li>sees 50 bp hike in December</li><li>sees the fed funds rate peaking at 4-4.25% by the end of 2022</li></ul><p>-</p><p>Economic forecasts:</p><ul><li>sees GDP growth of 1.1% in 2023 (down from its preivous tip of 1.5% growth from the fourth quarter of 2022 to the end of 2023).</li><li>unemployment rate at 3.7% by the end of 2022 (from prior call of 3.6%), to 4.1% by the end of 2023 (from 3.8%)</li></ul><p>Sep, Nov, & Dec dates below:</p>

This article was written by Eamonn Sheridan at forexlive.com.

<p>Breakout or Fakeout? There are reasons to see the USD moving even higher after 4 currencies made new multi-year lows vs the USD last week. Can the USD buying momentum continue in the new trading week?.</p><p>In this video, Greg Michalowski, talks of the breaks and why they occurred and then looks at the technicals that will keep the momentum of the break going OR fakeout the dollar buyers – at least in the short term. </p>

This article was written by Greg Michalowski at forexlive.com.

<p>In the video below, Greg Michalowski takes a look at the sense of site and outlines its importance – and why it is so essential – in your trading. </p><p>The sense of sight needs help from tools applied to the price action, but if done properly, you will be able to see and believe more in your trading. Enjoy and learn.</p><p>The video goes hand in hand with another video titled „Making Sense of your Senses in your trading“. You can watch that video too by clicking on the play button below.</p><p>Good fortune with your trading. </p>

This article was written by Greg Michalowski at forexlive.com.