No Fed PIVOT!!
Alright folks let's dive into this one.
Key pointers:
1. The fed reassured this week that there will be no pivot. This erased like a rubber all rallies that took place in record style in the stock market.
2. The AUDUSD was tremendously volatile more than it's usual.
3. It was supposedly suppose to breakout with a stronger relief rally however the reassuring of the fed made this of no reality as such we see chaotic price action of what was suppose to be bullish.
4. The behavior of the DXY gave quite an insight into the move of oppositions of the Dollar but to be honest i didn't take notice. My fault it shows that there is more downside to be had.
5. Lasty, much more to say but. we broke past the yearly low which was a tremendous feat. given the strength it took to reach there and the short covering.
Expectations:
I. I do believe we may test what it out there at 0.6200's Will that be this coming week is the question and to be honest with you it could very well be. It definitely has the power and strength to.
II. This expectation is supported by the increasing in bets/longs calls in the VIX which suggest that there wll be tremendous volatility. As such we should see some. strong price action so get ready!!!
Key pointers:
1. The fed reassured this week that there will be no pivot. This erased like a rubber all rallies that took place in record style in the stock market.
2. The AUDUSD was tremendously volatile more than it's usual.
3. It was supposedly suppose to breakout with a stronger relief rally however the reassuring of the fed made this of no reality as such we see chaotic price action of what was suppose to be bullish.
4. The behavior of the DXY gave quite an insight into the move of oppositions of the Dollar but to be honest i didn't take notice. My fault it shows that there is more downside to be had.
5. Lasty, much more to say but. we broke past the yearly low which was a tremendous feat. given the strength it took to reach there and the short covering.
Expectations:
I. I do believe we may test what it out there at 0.6200's Will that be this coming week is the question and to be honest with you it could very well be. It definitely has the power and strength to.
II. This expectation is supported by the increasing in bets/longs calls in the VIX which suggest that there wll be tremendous volatility. As such we should see some. strong price action so get ready!!!
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