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  • Bullard: It Seems Like A Good Time For ‘Insurance Rate Cut’

Added at 12:37pm

Added at 12:39pm

Added at 12:42pm

What that does mean ?
Ok then why dollar is going up now🤔
cuz they wont cut more then 0.50
delicious..
been waiting for this move since yesterday
i thk if cut then it will be 25bps at most, and mkt was worrying abt 50bps previouly
  • Post #6
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  • Edited at 1:01pm Jun 25, 2019 12:47pm | Edited at 1:01pm
Maybe EUR/USD pair Fib to 23.6 and then reverse
Let's see how much this changes, especially after Powell's statements.
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now CME fed watch (31July 2019) tools showing

34.5% for 175-200% and 63.5 for 200-225% ie everybody is expecting rate cut.... no more 225-250%
Quoting eqtrend
now CME fed watch (31July 2019) tools showing 34.5% for 175-200% and 63.5 for 200-225% ie everybody is expecting rate cut.... no more 225-250%
Wow! and it's still going. I saw it as high as 67.7% vs 32.3%. Market hasn't priced that in fully yet I don't think. Powell's speech in a few mins could be the confirmation the market might be looking for. We'll see.
No rate cut in July, is my guess
Made some pips already, waiting for Powell's speech and see what the market will offer us.
Rate cut or no cut in July don't matter... its his tone (dovish or stand pat) Highly unlikely hawkish
Quoting Haas9
Ok then why dollar is going up now🤔
someone is buying
Very interesting to see if price can close above 200 EMA for the day.
Jeez! I think the way that price settles in the next 12 hours will tell us a lot about whether this bull market in gold will continue.

The more that gold prices resist/come back from the pressure down right now the more confidence that we can have in a continuation of the bull trend for gold into the longer term.
Quoting bulltrap
Jeez! I think the way that price settles in the next 12 hours will tell us a lot about whether this bull market in gold will continue. The more that gold prices resist/come back from the pressure down right now the more confidence that we can have in a continuation of the bull trend for gold into the longer term.
you still need to sell your gold for cash
Quoting mae4206
{quote} you still need to sell your gold for cash
My bullion dealer should be good for it. Many of them even allow transactions in BTC/BCH.
"an insurance rate cut"... like giving paracetamol for a 37.3 ºC "fever"...
would sound more honest if he'd say "Fed caves to political pressure"
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