Market Update:
This week, central bankers from around the world gathered in Jackson Hole, Wyoming, for the annual global central bank meeting. They planned not only to exchange research and enjoy the beautiful mountain scenery, but also to defend Federal Reserve Chairman Jerome Powell. Powell has come under sustained attack from US President Trump for his refusal to cut interest rates. Trump has also promised to replace Powell with a more compliant candidate after his term ends next year. This offensive has unnerved global policymakers, who worry that central bank independence, seen as key to controlling inflation, could be undermined.
Technical Analysis:
Today's Buy/Sell Levels:
62.47
Support and Resistance Levels:
63.64
63.21
62.92
62.02
61.74
61.30
Trading Strategy:
On the upside, consider buying on a breakout above 62.92, with the first target at 63.21.
On the downside, consider selling on a breakout above 62.47, with the first target at 62.02.
This week, central bankers from around the world gathered in Jackson Hole, Wyoming, for the annual global central bank meeting. They planned not only to exchange research and enjoy the beautiful mountain scenery, but also to defend Federal Reserve Chairman Jerome Powell. Powell has come under sustained attack from US President Trump for his refusal to cut interest rates. Trump has also promised to replace Powell with a more compliant candidate after his term ends next year. This offensive has unnerved global policymakers, who worry that central bank independence, seen as key to controlling inflation, could be undermined.
Technical Analysis:
Today's Buy/Sell Levels:
62.47
Support and Resistance Levels:
63.64
63.21
62.92
62.02
61.74
61.30
Trading Strategy:
On the upside, consider buying on a breakout above 62.92, with the first target at 63.21.
On the downside, consider selling on a breakout above 62.47, with the first target at 62.02.
Professional and scientific market analysis can help us achieve stable profits. Therefore, I will share some professional market analysis of different products from time to time every day, hoping to help you make profits.
t.me/+4Van3rZryZtkOGVh
t.me/+4Van3rZryZtkOGVh
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Professional and scientific market analysis can help us achieve stable profits. Therefore, I will share some professional market analysis of different products from time to time every day, hoping to help you make profits.
t.me/+4Van3rZryZtkOGVh
t.me/+4Van3rZryZtkOGVh
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.