The ‘disinflationary process has started’ according to Fed chair Jerome Powell at last night’s FOMC press conference, a comment that pushed the greenback to a fresh multi-month low
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The ‘disinflationary process has started’ according to Fed chair Jerome Powell at last night’s FOMC press conference, a comment that pushed the greenback to a fresh multi-month low
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Gold prices rallied the most in almost 2 weeks as markets continued to bet against the Federal Reserve. What did Jerome Powell say and what are key levels to watch?
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The Euro raced north after Fed commentary saw the US Dollar crash on the markets’ interpretation of a dovish tilt from the Chairperson. Will an ECB move do the same for Euro?
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The US Dollar slide has continued after the New York close post the Fed hiking rates and Powell putting a dovish tilt in the mindset of the market. How low will USD go?
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The Federal Reserve hiked its benchmark rate another 25 basis points and Powell held the door open for further hikes, but neither risk assets nor the Dollar took the group for its word. Scrutinize the progress on trends like that from EURUSD with event risk like the ECB and unresolved themes like recession ahead.
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