Powell confirmed his expectation that the central bank will raise interest rates (at least) two more times, but his acknowledgement that “the disinflationary process has begun” has given traders more confidence that those will be the last two hikes of this cycle and that the Fed will be on hold midway through Q2. Meanwhile, his repeated focus on “core services ex-housing” provides a clear inflation metric for traders to watch to evaluate whether what the central bank will do in the coming months. Here this is not actually FED dovish but not hawkish.
US labour market performing very well; Yesterday JOLTS Job Openings 11.01M from 10.44M, Tomorrow NFP data with Publish; Technical chart says Data Will be Favour for Dollar.
Dollar now create a bullish butterfly pattern from 100.5xx or Fibonacci 1.42 support.
US labour market performing very well; Yesterday JOLTS Job Openings 11.01M from 10.44M, Tomorrow NFP data with Publish; Technical chart says Data Will be Favour for Dollar.
Dollar now create a bullish butterfly pattern from 100.5xx or Fibonacci 1.42 support.