In this post I will mention what price action to expect ahead and for what reasons
FUNDAMENTAL KEY QUOTES
1- U.S. interest-rate-setters have begun a discussion about scaling back bond purchases, kind of. “You can think of this meeting as the talking-about-talking-about meeting, if you like,” Federal Reserve Chair Jerome Powell said at a press conference after the central bank released forecasts that show it anticipates two rate increases by the end of 2023, projecting a faster-than-anticipated pace of tightening.
2- ECB holding interest rate at 0,keeping the PEPP and the buying bonds program unchanged.
3- U.S. economic recovery (calendar upbeat data)
What price action to expect ahead?
- ACCORDING TO THE RECENT FUNDAMENTALS AND THE FED TAKING ACTIONS TO CONTROL THE ONLY ECONOMIC PROBLEM IN U.S. WHICH IS THE INFLATION I WOULD SAY THAT THE DOWNTREND HAS GAINED A MASSIVE STRENGTH TARGETING EXCHANGE RATE OF 1.18-1.19 (1.1750-1.1950) , THEREFORE THE BUYING OPPOURTUNTIES STAYS AT THE RANGE OF (1.1765-1.1800).
- THIS PICTURE REMAINS ONLY TILL UPCOMING NEWS AND DATA THAT MAY CHANGE THE PRICE RANGE, SO I WILL UPDATE ACCORDINGLY --
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As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.