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  • Powell: Semiannual Monetary Policy Report to the Congress

    From federalreserve.gov

    Chairman Brown, Ranking Member Scott, and other members of the Committee, I appreciate the opportunity to present the Federal Reserve's semiannual Monetary Policy Report. The Federal Reserve remains squarely focused on our dual mandate to promote maximum employment and stable prices for the benefit of the American people. Over the past two years, the economy has made considerable progress toward the Federal Reserve's 2 percent inflation goal, and labor market conditions have cooled while remaining strong. Reflecting these developments, the risks to achieving our employment and inflation goals are coming into better ... (full story)

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BUY usd... this news more hawkish
Powel very hawkish again
Mind you, interactive session just started.
no cut rate until the end 2024 ..... still dovish ....
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Really hawkish.... Buying USD in the next hour
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bullish comment
Tell me something I don't know pal.
Quoting hesron
no cut rate until the end 2024 ..... still dovish ....
How is this dovish, Hesron?
https://www.myfxbook.com/members/mitiblotch/mt5-10567385/9464692
Based on Jerome Powell's speech analysis, the US dollar is expected to remain strong in the near term, which may lead to a decline in the EUR/USD exchange rate. Levels closer to 1.07 or lower could be seen, with continued downward pressure on the euro due to expectations of sustained restrictive monetary policies by the Federal Reserve.
Successful trading is knowing yourself, not the market.
demo5 All Time Return: 177.6%
The greatest risk is WW111 which your boss created.
"elevated inflation is not the only risk we face. Reducing policy restraint too late or too little could unduly weaken economic activity and employment." First time I have ever seen Powel hedge on the 2% goal.
Quoting Mitiblotch
{quote} How is this dovish, Hesron?
you can see pa .... in gold still bullish .... bulls big trader , next target 2402/2422 ....
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USD seems quite suspicious, Sell BTCUSD, Buy XAUUSD (Short term)
Quoting hesron
{quote} you can see pa .... in gold still bullish .... bulls big trader , next target 2402/2422 ....
Before testifies Gold mood was bullish for rate cut expectation in September but no rate cut soon. So Gold will go bearish although trying to support bull sentiment and it will be fail
As long as the Israeli conflict persists Gold won't drop significantly. Although currently in H&S situation 0n H4.
Quoting Ftmofx
{quote} Before testifies Gold mood was bullish for rate cut expectation in September but no rate cut soon. So Gold will go bearish although trying to support bull sentiment and it will be fail
we will be see in September ..... but until the end 2024 , no cut rate ... without reversal how gold going down .....
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Okay now its clear. Powell , UEDA and whole FED and BOJ memebers are long at USDJPY, GBPJPY and CHFJPY. There is no other explanation of this manipulation for JPY pairs. No MM can make this move. Retailers are all dead.
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