The fall is knocking on the door, which is also an interesting period for Risk On Assets.
What has happened so far?
During June 2023, The Federal Reserve decided to Pause a historical Fed Funds Interest Rate Hiking period. Risk On assets Bitcoin and Stocks performed fairly well in that period, And the Dollar fell in the same period. By the end of July and two month period with NO Official meeting from the Feds, they decided to Hike 25% once again. Stocks topped with some Sideways trading, and #Bitcoin followed. Now end of September the Fed decided to Pause again, in the same time Risk OFF, the dollar made 10 straight weeks off highs, and ended the week almost at $105,6. Which is a resistance point from earlier this year. Given its a RATE Pause period, and stocks have retraced we might be in for some Dollar weakness and RISK ON for Bitcoin and Stocks.
What has happened so far?
During June 2023, The Federal Reserve decided to Pause a historical Fed Funds Interest Rate Hiking period. Risk On assets Bitcoin and Stocks performed fairly well in that period, And the Dollar fell in the same period. By the end of July and two month period with NO Official meeting from the Feds, they decided to Hike 25% once again. Stocks topped with some Sideways trading, and #Bitcoin followed. Now end of September the Fed decided to Pause again, in the same time Risk OFF, the dollar made 10 straight weeks off highs, and ended the week almost at $105,6. Which is a resistance point from earlier this year. Given its a RATE Pause period, and stocks have retraced we might be in for some Dollar weakness and RISK ON for Bitcoin and Stocks.