Folks,
It has been a busy time. It seems FEAR had taken hold and GREED had to take a back seat for the time being. Russia announcement of mobilization moments before FOMC seems to have caused great anxiety. I failed to anticipate the speed of the fall in EURUSD.
As we all know now, the 'increase' in the 09/2022 dot plot is 'smaller' at 1.00%. Market is anticipating another 75bps in 11/2022 and a final 50bps in 12/2022. Probably another 25bps early in 2023. As you can see, we are actually there NOW, near 4.40%. Whatever it is, it seems the US02Y movement UP is taking a breather now. At least some sanity remains. We are now at the crossroad. Now all eyes is on whether it moves UP beyond 4.40%. It if does, we can expect EVERYTHING ELSE to continue FALLING - Stocks, Crypto, FX, Gold etc. The only thing to rise is $$$$$.
There is a REAL risk of a GLOBAL RECESSION coming. Dollar would do well until the Fed Pivot. So we continue to look at US02Y to see if it dips below 50MA.
Good Luck.
P/S : As always, do not just believe what I say. Use your common sense.
It has been a busy time. It seems FEAR had taken hold and GREED had to take a back seat for the time being. Russia announcement of mobilization moments before FOMC seems to have caused great anxiety. I failed to anticipate the speed of the fall in EURUSD.
As we all know now, the 'increase' in the 09/2022 dot plot is 'smaller' at 1.00%. Market is anticipating another 75bps in 11/2022 and a final 50bps in 12/2022. Probably another 25bps early in 2023. As you can see, we are actually there NOW, near 4.40%. Whatever it is, it seems the US02Y movement UP is taking a breather now. At least some sanity remains. We are now at the crossroad. Now all eyes is on whether it moves UP beyond 4.40%. It if does, we can expect EVERYTHING ELSE to continue FALLING - Stocks, Crypto, FX, Gold etc. The only thing to rise is $$$$$.
There is a REAL risk of a GLOBAL RECESSION coming. Dollar would do well until the Fed Pivot. So we continue to look at US02Y to see if it dips below 50MA.
Good Luck.
P/S : As always, do not just believe what I say. Use your common sense.
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.
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.