SP500 and Gold gaps have been filled. Hawkishness at FED projections and conference have been exaggerated imo (partly to close gaps). I wouldn't be suprised big up reversals tomorrow as happened many times after FED meetings. To be honest, I'm not so convinced the idea of really hawkish FED or new FED Chairman.
Warsh has told just what a serious FED president should say and tried to become convincing about inflation. But is he or is FED really too serious about inflation target?
They didn't do anything so far while inflation is already high (so actually less real interest rate now comparing to a few months ago). And if Iran deal is signed, oil will be not increasing anymore, so there will be less inflation pressure in following months.
It seems to me that they talk hawkish but act dovish. Nice shakes but I still tend to buy gold and SP500. Probably, I will try to long at Asia session.
Daily chart looks bearish on the other hand considering last day candle. So, longing here Gold or SP500 is quite risky, we may see some more bearishness. But, as long as Iran deal holds, I am bullish Gold in bigger timeframes. I don't expect 4000 or below, on the contrary we will gradually climb up 4500 and further in following weeks imo (again if no more Iran war).
Just my opinions not a trade advice.
Warsh has told just what a serious FED president should say and tried to become convincing about inflation. But is he or is FED really too serious about inflation target?
They didn't do anything so far while inflation is already high (so actually less real interest rate now comparing to a few months ago). And if Iran deal is signed, oil will be not increasing anymore, so there will be less inflation pressure in following months.
It seems to me that they talk hawkish but act dovish. Nice shakes but I still tend to buy gold and SP500. Probably, I will try to long at Asia session.
Daily chart looks bearish on the other hand considering last day candle. So, longing here Gold or SP500 is quite risky, we may see some more bearishness. But, as long as Iran deal holds, I am bullish Gold in bigger timeframes. I don't expect 4000 or below, on the contrary we will gradually climb up 4500 and further in following weeks imo (again if no more Iran war).
Just my opinions not a trade advice.
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