ttfx098_

ttfx098_

As traders, we know not to sell at a support levels. I've been bullish on UJ since the new year.

ttfx098_

markets have been crazy at the top of the week. Powell speaks today about the future of inflation, interest rates, and employment. I forecast a hawkish perspective until we see move evidence of inflation lowering.

ttfx098_

Pounds are currently overpriced with the current market conditions

ttfx098_ Updated 

Powell has set the tone to ease interests rates if necessary. This isn’t a decline of inflation. This is a way feed can prolong a recession. Powell is holding all he can hold.

ttfx098_

With a tight but slowly growing US jobs market, the FEDS are still hawkish. Last week, the market reacted sideways to job reports and NFP. This week the Powell speak before inflation is released.

ttfx098_

AUDUSD is testing a 4H/D resistance level. Rule #1 Never buy at resistance.

ttfx098_

DXY has been consolidating over the last couple of days. This comes from oil prices dropping and a tight yet growing job market. DXY is holding a 4H support level. Market open may test that daily support level and revisit $105 resistance. Overall, I'm still bullish.