finitemonk

Fed Rate Decision : Wrong Footing the Markets?

FX:EURUSD   Euro / U.S. Dollar
162 views
1
162 0
The weeks recent behaviour seems anticipatory of no rate rise. The pattern on this pair, a triple three which appears very near completion and subsequent downward move suggests there may be something between a very strong indication to an actual rise, possibly raising rates by a 'test market reaction' 0.05 to 0.3.

Also taking into account indices which seem on the last leg. Any rate rise may rapidly attract capital out of stocks to fixed income, becoming a self-fulfilling (and perpetuating) flight to safety.

Only reserve I have technically is PMs which I would prefer to go a bit higher, say gold up to 1231 ideally to make a more definite small c wave of (b). Another option more bullish seems less likely but this current 5 wave triangle could be a leading diagonal of something more meaningful / substantial up. First we would need a correction tho'.

Double whammy tomorrow : US GDP 12:30, 18:00 Fed Rate Decision (times: GMT )
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
HE עברית
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out