I am expecting a healthy retrace before the FMOC meeting and rate decision on 13 June.
The June rate hike is priced in but there are some doubt around another 2 in the year. A hawkish FED that gives confidence in another 2 hikes post the June hike will drive the bullish case.
The trade wars have not been priced in over the past week and should that flair up we could see the bears take control again especially if the FED comes out dovish
The June rate hike is priced in but there are some doubt around another 2 in the year. A hawkish FED that gives confidence in another 2 hikes post the June hike will drive the bullish case.
The trade wars have not been priced in over the past week and should that flair up we could see the bears take control again especially if the FED comes out dovish