The Federal Reserve’s battle to keep inflation in check has been ongoing for some time. According to St. Louis Fed President James Bullard, the best course of action at this time is to focus on raising interest rates. This will allow the labor market to remain strong while the possibility of financial stresses subsides. Despite these factors, Bullard acknowledges that there is still a long way to go before inflation is back to its 2% target. This means that continued pressure must be applied to ensure that this goal is achieved. While it may not be an easy journey, Bullard believes that staying the course will ultimately lead to success. More INFO
Market projections for fx markets and commodities
EURUSD sellers preference. Sell at 1.0920 to TP 1.0910. Then sell at 1.09 to TP 1.0885. Below 1.0880 to TP 1.0870.
Buyers only at 1.0940 to TP 1.0950 and possible extention to 1.0960.
GBPUSD sellers preference. Sell at 1.2430 to TP 1.2420. sell at 1.2410 to TP 1.2390.
Buyers at 1.2450 to TP 1.2460
USDCAD buyers preference to 1.35 and 1.3530. Then buy at 1.3540 to TP 1.3450. Ideally no sell strategies above 1.3450. Sellers only below 1.3450 to TP 1.3430.
XAGUSD sell at 24.80 to TP 23.70. Then sell at 24.60 to TP 24.50. Buyers only above 25.0
XAUUSD sell at 2000.0 to TP 1995.0. Then sell at 1990.0 to 1984. Ideally no buyers below 2020.0
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