USD, Metals And Tech
As expected, S&P 500 declined into Powell, and then lifted off, giving one final stop hunt late in the day – lifting off, led not by tech, but tech earnings didn‘t stand in the way. So, what‘s to lead today, and how does the chart structure for indices look at the moment?
Much could be said about FOMC and what it did for the dollar, I have to highlight yesterday‘s Bessent assurance the US wasn‘t intervening in the interests of BoJ, knocking down gold and lifting the dollar for a while.
Many moving parts that clients are benefiting from, covered in the premium Telegram channels and daily analytics. Get ready for another volatile day, and earnings are in focus, as regards what they do to price moves… will discuss it more tomorrow here (more client coverage by then).
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