Hey tradomaniacs,
I will be very cautious today as the entire situation is a bit tricky.
Yesterdays statement by Jerome Powell has still been dovish, but kept its policy decision unchanged which could have been a dissapointment for those who expected more financial injections for the market.
Also important to note is that he ignored questions about asset-bubbles such as Bitcoin and Gamestop and said his business is to support the economy ignoring the fact that the FED has created one of the biggest bubbles in history.
The past has shown that this dishonesty causes uncertainy and so sell-offs in the stockmarket, which is boosting the US-Dollar
These moves can often reverse very quickly with upcoming news-flows as prices are getting cheaper and more attractive with these sell-offs, which is the reason why I hesitate to participate on these moves down by majors vs. USD.
Keep in mind that stimulus is still an important topic for the market and could quickly cause sudden euphoria.
For now I`m watching the stockmarket and want to see whether important key-support-zones can break or not 👉
I will be very cautious today as the entire situation is a bit tricky.
Yesterdays statement by Jerome Powell has still been dovish, but kept its policy decision unchanged which could have been a dissapointment for those who expected more financial injections for the market.
Also important to note is that he ignored questions about asset-bubbles such as Bitcoin and Gamestop and said his business is to support the economy ignoring the fact that the FED has created one of the biggest bubbles in history.
The past has shown that this dishonesty causes uncertainy and so sell-offs in the stockmarket, which is boosting the US-Dollar
These moves can often reverse very quickly with upcoming news-flows as prices are getting cheaper and more attractive with these sell-offs, which is the reason why I hesitate to participate on these moves down by majors vs. USD.
Keep in mind that stimulus is still an important topic for the market and could quickly cause sudden euphoria.
For now I`m watching the stockmarket and want to see whether important key-support-zones can break or not 👉
Note
Note
Still patiently waiting for stocks to move! Lot of indicies have re-tested important zones such as SPX500, DAX30 and FTSE100.
Volume is low here and indicates potential reversals which would result in a falling US-Dollar, which is currently struggeling to find momentum at its resistance-zone.
DAX 30👉
FTSE100 👉
Note
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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.