Usually prices wait for the Big news and then move, or to say it differently: one would expect the dollar to keep it's key support level on a day of a rate hike!
This is not the case though as the market/traders/investors/smart money is starting to price in a small rate hike (0.25% is expected) and a softer approach by Powell.
Anyways, I am a bit surprised to see there could be a massive drop in the price of the USD..
against other currencies but mostly against Gold, Silver and BITCOIN.
Unless we are being played by Powell and he dares come out with a bigger hike and a plan for more pain...that banks apparently cannot afford to take.
One Love,
The FXPROFESSOR
Time to scream a little louder? :
This is not the case though as the market/traders/investors/smart money is starting to price in a small rate hike (0.25% is expected) and a softer approach by Powell.
Anyways, I am a bit surprised to see there could be a massive drop in the price of the USD..
against other currencies but mostly against Gold, Silver and BITCOIN.
Unless we are being played by Powell and he dares come out with a bigger hike and a plan for more pain...that banks apparently cannot afford to take.
One Love,
The FXPROFESSOR
Time to scream a little louder? :
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