$ETH - Edges lower!
$ETH - H&S - Taking us to 1.2k - Even when merge occurs that's in sept - Powell speech shifted the markets into gear dxy heads higher and higher rates 75 are here to continue further - data dependent. 21st sept FOMC.
Restrictive policy: July print - CPI lower however just 1 data. This will need to continue to set back the hikes.
Have a great weekend,
TJ
$ETH - H&S - Taking us to 1.2k - Even when merge occurs that's in sept - Powell speech shifted the markets into gear dxy heads higher and higher rates 75 are here to continue further - data dependent. 21st sept FOMC.
Restrictive policy: July print - CPI lower however just 1 data. This will need to continue to set back the hikes.
Have a great weekend,
TJ
Comment:
reaching key areas of $1,250 area of support will be key.
Comment:
We are at key support!