From what I've seen in the last two days, Fed Chairman Mr. Powell is trying to calm the markets about the paths that will be taken in relation to US interest rates. There are rumors that the Fed may raise interest rates more than 3 times this year and that is bad for the stock market. Investors migrate to US Treasuries because interest rates are high and it is safer.
He said today that he sees no reason for interest from public bonds to rise to higher levels and that was a bear kick for the USD.
I see good opportunities to buy the EUR.USD in relation to this as we are closing today with a huge hammer and this demonstrates that the pair will seek levels above.
He said today that he sees no reason for interest from public bonds to rise to higher levels and that was a bear kick for the USD.
I see good opportunities to buy the EUR.USD in relation to this as we are closing today with a huge hammer and this demonstrates that the pair will seek levels above.
