With its back up against a wall, the US Federal Reserve has pledged to begin tapering its asset purchase program. Beginning later this month, the Federal Reserve will reduce the number of US Treasury Securities it purchases each month by US $10 billion and the number of Mortgage-Backed Securities by US $5 billion.
How did the USD react to the Federal Reserve...
My previous analysis and signal hit SL. Am giving GBPUSD a final shot this week.
With News release by Fed Chair Powell, we might just gain some bullish power (if and only if US inflation numbers are good).
Buy within the yellow box if price reverts.
Disclaimer: This is just my idea. Am not liable for the end results if adapted by anyone. Trade...
I've been calling this FED induced bullishness on US30, the NFP was not a reflection of what ADP prepared us for, the current NFP numbers superseded the projection as well as previous numbers. Now I'm looking to see a series on new highs on indices, but tread carefully as we've seen Gold's flash crash on Monday.
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WATCH OUT GUYS 👉 ALL THIS COULD REVERSE during the Press-Conference, which is why I decided to take a little bit of profit here and rather wait❗️
"The Federal Reserve kept interest rates and its monthly pace of bond buying unchanged Wednesday, even as it acknowledged an improved economic backdrop as vaccine roll outs gather pace."
It seems like the market has...