Our Urgent Market Update reviews important real-time market developments and their impact on high-probability trading opportunities. Today, we expect further downside market moves and this video breaks down in a little more detail exactly why we are of this opinion.
We start with looking at Jerome Powell’s senate and house testimony in Washington on Tuesday and Wednesday of this week. We saw significant selling on Tuesday on the back of Powell’s testimony but not so much on Wednesday. This gives buyers some hope that prices may move higher, however, this might be short-lived.
Additionally, we discuss US Bond Yield, inversion, higher rates for longer, sticky inflation and a very strong jobs market underpinning everything. All things considered, our bias is for further downside. As always, the question is when will this move kick in again? Let’s find out…
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