GBPUSD : is expected to increase again
Updated
The dollar price in the international market rose slightly, with the US dollar index increasing by 0.1 point to 106.31 points. In a speech at the New York Economic Club, Federal Reserve Chairman Jerome Powell signaled a dovish stance through comments at an economic forum, even as U.S. newspapers warned that the Fed could resume rate hikes.
The strength of the US economy and continued tightening of the labor market may justify higher interest rates. The recent rise in bond yields has prevented financial conditions from tightening too much. The U.S. Treasury's benchmark 10-year bond yield is set at 5%, and currently stands at around 4.9%. According to CME Group's FedWatch tool, the federal funds futures market predicts the Fed will raise interest rates by 30% in December, up from 39% before Powell's remarks, raising the possibility of a November rate hike. is said to be low.
The strength of the US economy and continued tightening of the labor market may justify higher interest rates. The recent rise in bond yields has prevented financial conditions from tightening too much. The U.S. Treasury's benchmark 10-year bond yield is set at 5%, and currently stands at around 4.9%. According to CME Group's FedWatch tool, the federal funds futures market predicts the Fed will raise interest rates by 30% in December, up from 39% before Powell's remarks, raising the possibility of a November rate hike. is said to be low.
Comment
BUY NOW GBPUSD 1.21421 💵➡️TP1: 1.2165
➡️TP2 : 1.2195
❗️ SL 1.209
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.