Hey tradomaniacs,
market has reacted slightly bearish this night due to the uninspiring finish in Wallstreet and statement by Jerome Powell which has caused a pullback of DXY (RISK-OFF).
Statement was overall dovish❗️
1️. Inflation below 2% (still more potential upwards)
2️. FED does whatever it takes to support economy
3️. Not out of ammo (rate-cuts, QE`s possible)
4. More stimulus needed
The entire press-conference was a dove-bomb and was overall a "What we do works and we will continue" statement.
The risk off caused a Pullback of DXY (US-DOLLAR-INDEX) which has not been able to break through the key-resistance and I see that the trend is still in tact.
SPX500 and MAJOR-PAIRS such as EUR/USD could rise again! ;-)
LEAVE A LIKE AND A COMMENT - I appreciate every support! =)
Peace and good trades
Irasor
Wanna see more? Don`t forget to follow me.
Any questions? PM me. :-)
market has reacted slightly bearish this night due to the uninspiring finish in Wallstreet and statement by Jerome Powell which has caused a pullback of DXY (RISK-OFF).
Statement was overall dovish❗️
1️. Inflation below 2% (still more potential upwards)
2️. FED does whatever it takes to support economy
3️. Not out of ammo (rate-cuts, QE`s possible)
4. More stimulus needed
The entire press-conference was a dove-bomb and was overall a "What we do works and we will continue" statement.
The risk off caused a Pullback of DXY (US-DOLLAR-INDEX) which has not been able to break through the key-resistance and I see that the trend is still in tact.
SPX500 and MAJOR-PAIRS such as EUR/USD could rise again! ;-)
LEAVE A LIKE AND A COMMENT - I appreciate every support! =)
Peace and good trades
Irasor
Wanna see more? Don`t forget to follow me.
Any questions? PM me. :-)