FACTS:
Silver rises with Nasdaq (semi-conductor)
Nasdaq might attempt a rebound
Silver is a safe haven (Still)
Silver is more than 50?% off it's ATHs from the 70s... (how is that possible? cme)
This could be a GREAT time to look at silver (and AGQ ETF)
THE NEWS:
So finally the rumors of an increased rate hike was the time to go short (sell) and the actual results was the news to buy...
Usually we say 'Buy the Rumors- Sell the News' but this time it was the other way around.
⚠️🇺🇸🍿👀 Below i will inform you about the FEDS press conference, especially the best ones.
- Real GDP growth accelerated this quarter ✔️good news
- participants lowered their economic activity forecasts with an average real GDP growth forecast below 2% to 2,4 ✔️ok
- we will continue to significantly reduce the balance sheet and reiterate that a rate hike at the meetings is appropriate ✔️ok
- inflation surprised (lol) and we will change forecasts ✔️normal, expected
- raising by 75 is our flexible and responsive approach to data ( inflation ) ✔️ok, priced in?
- the economy is very strong and well positioned to implement tighter monetary policy ✔️Great to hear
Question: What is the prognosis? Everything depends on the data. ✔️told you employment data is Key
- we are quickly raising rates to a normal level, 50-75 are discussed in July ✔️ok
- a rate of 3%-3.5% is suitable for reducing inflation ✔️✔️✔️GREAT! CME prognosis was for 4-5%
- we want to see a serious decline in monthly inflation figures ✔️good luck, make friends with Putin
- the goal is to bring inflation down to 2% and to keep the labor market strong ✔️bla bla ..will take time you need to control energy prices
so..overall good things were said. Especially that rates will not be over 3,5%. great news really
SILVER TECHNICAL ANALYSIS:
24,28 is resistance. We expect that to break and then test the 28,4$
Price has 35% chances of flying to 39$
One Love,
the FXPROFESSOR
(DYOR, they say I'm crazy, don't listen to me.. I'm long on Silver since yesterday maybe i am biased 🙂)
Silver rises with Nasdaq (semi-conductor)
Nasdaq might attempt a rebound
Silver is a safe haven (Still)
Silver is more than 50?% off it's ATHs from the 70s... (how is that possible? cme)
This could be a GREAT time to look at silver (and AGQ ETF)
THE NEWS:
So finally the rumors of an increased rate hike was the time to go short (sell) and the actual results was the news to buy...
Usually we say 'Buy the Rumors- Sell the News' but this time it was the other way around.
⚠️🇺🇸🍿👀 Below i will inform you about the FEDS press conference, especially the best ones.
- Real GDP growth accelerated this quarter ✔️good news
- participants lowered their economic activity forecasts with an average real GDP growth forecast below 2% to 2,4 ✔️ok
- we will continue to significantly reduce the balance sheet and reiterate that a rate hike at the meetings is appropriate ✔️ok
- inflation surprised (lol) and we will change forecasts ✔️normal, expected
- raising by 75 is our flexible and responsive approach to data ( inflation ) ✔️ok, priced in?
- the economy is very strong and well positioned to implement tighter monetary policy ✔️Great to hear
Question: What is the prognosis? Everything depends on the data. ✔️told you employment data is Key
- we are quickly raising rates to a normal level, 50-75 are discussed in July ✔️ok
- a rate of 3%-3.5% is suitable for reducing inflation ✔️✔️✔️GREAT! CME prognosis was for 4-5%
- we want to see a serious decline in monthly inflation figures ✔️good luck, make friends with Putin
- the goal is to bring inflation down to 2% and to keep the labor market strong ✔️bla bla ..will take time you need to control energy prices
so..overall good things were said. Especially that rates will not be over 3,5%. great news really
SILVER TECHNICAL ANALYSIS:
24,28 is resistance. We expect that to break and then test the 28,4$
Price has 35% chances of flying to 39$
One Love,
the FXPROFESSOR
(DYOR, they say I'm crazy, don't listen to me.. I'm long on Silver since yesterday maybe i am biased 🙂)
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🌐FOREX SPECIAL: fxprofessor.com/forex-special 💡💙💬 Public Telegram: www.t.me/fxprofessor88 💎
