🇺🇸 #Macro #USD #Crypto #US500
🥶Markets are frozen in anticipation of Jerome Powell today's speech.
No one doubts that the Federal Reserve will raise the rate immediately by 0.5%, which is already included in the current market decline. The only question is what course the Fed will take next:
❓Will Powell mention a probable increase by 75 basis points?
❓How fast will the FED shrink the balance sheet?
❓Will the inflation target be increased?
❓How the Fed plans to support the stock market, which has already turned bearish?
Today, at 21:00 MT time, we will find out the "global loot button" owners' plans.
☢️The crypto is trading in the range. BTC has been hanging up and down under the $40 000 mark for the last few days. If Powell says something negative, we might see the $37 000 downside breakout and subsequent move to $31 000. On the other hand, if Powell's forecasts are not so cruel, there is a chance to return to $42 000 - the primary resistance before flying to $45 000 and then $50 000.
📈US500 might plunge to 4060-4100 at the beginning of the press conference, levels that buyers defended a couple of days ago. Consider looking for BUY trades with short stop-losses around these levels.
What are you going to trade today on the FOMC meeting?
🥶Markets are frozen in anticipation of Jerome Powell today's speech.
No one doubts that the Federal Reserve will raise the rate immediately by 0.5%, which is already included in the current market decline. The only question is what course the Fed will take next:
❓Will Powell mention a probable increase by 75 basis points?
❓How fast will the FED shrink the balance sheet?
❓Will the inflation target be increased?
❓How the Fed plans to support the stock market, which has already turned bearish?
Today, at 21:00 MT time, we will find out the "global loot button" owners' plans.
☢️The crypto is trading in the range. BTC has been hanging up and down under the $40 000 mark for the last few days. If Powell says something negative, we might see the $37 000 downside breakout and subsequent move to $31 000. On the other hand, if Powell's forecasts are not so cruel, there is a chance to return to $42 000 - the primary resistance before flying to $45 000 and then $50 000.
📈US500 might plunge to 4060-4100 at the beginning of the press conference, levels that buyers defended a couple of days ago. Consider looking for BUY trades with short stop-losses around these levels.
What are you going to trade today on the FOMC meeting?
👍22❤5👏1
🇺🇸 #Macro #Economy
👌US Treasury Secretary Janet Yellen in 2021: "Inflation is under control. Investors should worry about it".
😒US Treasury Secretary Janet Yellen in 2022: "I admit my mistake. The economy experienced unexpected upheavals that we did not expect".
🥳FOMC Bullard in 2022: "At the moment, I'm not sure the chances of a recession are that high. The dollar will remain the reserve currency in the foreseeable future".
🤬2023-2024: "US500 is trading below 2000. The US dollar is not a reserve currency anymore".
Does anyone still believe the Federal Reserve?😂
👌US Treasury Secretary Janet Yellen in 2021: "Inflation is under control. Investors should worry about it".
😒US Treasury Secretary Janet Yellen in 2022: "I admit my mistake. The economy experienced unexpected upheavals that we did not expect".
🥳FOMC Bullard in 2022: "At the moment, I'm not sure the chances of a recession are that high. The dollar will remain the reserve currency in the foreseeable future".
🤬2023-2024: "US500 is trading below 2000. The US dollar is not a reserve currency anymore".
Does anyone still believe the Federal Reserve?😂
👍25😁16❤2🥰2
🇺🇸💥#Macro
🔥US CPI RELEASE!
CPI m/m:
Actual: 0.0%
Forecast: 0.2%
Previous: 1.3%
Core CPI m/m:
Actual: 0.3%
Forecast: 0.5%
Previous: 0.7%
🔥US CPI RELEASE!
CPI m/m:
Actual: 0.0%
Forecast: 0.2%
Previous: 1.3%
Core CPI m/m:
Actual: 0.3%
Forecast: 0.5%
Previous: 0.7%
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