Fed’s Rate Cut Chatter Grows as Kashkari Backs Half-Point Drop – THIS WILL NOT STOP!! TIME FOR USD MAJOR CORRECTION AHEAD!!
The drumbeat for a Federal Reserve interest rate cut got louder on Friday, with one policy maker calling for a 50 basis point reduction. Minneapolis Fed President Neel Kashkari said he had advocated for such a move at this week’s meeting, which ended with the central bank leaving rates unchanged. Other policy makers speaking on Friday didn’t go nearly as far as Kashkari, considered one of the Fed’s more dovish officials. But their comments reinforced expectations that the Fed is on course to reduce rates, perhaps as soon as next month. President Donald Trump, who has sharply criticized Fed Chairman Jerome Powell for keeping credit too tight, said Thursday that he expects the central bank to lower rates. “Can’t win it all. Eventually he’ll do what’s right,” the president said of Powell. Read more @ https://www.bloomberg.com//news/articles/2019-06-21/fed-s-rate-cut-chatter-grows-as-kashkari-backs-half-point-drop?srnd=markets-vp
It’s going to be very interesting to see the market this week; USD will take more punches but don’y underestimate massive volatility – watch your money management and you will be all good.
MARKET SUMMARY FOR THIS WEEK
Gold Closes Above $1,400, Posting Best Week in Three Years – gold is our favourite when War & FED comes to the limelight….
Gold is back in favor. Prices have surged this month, passing $1,400 an ounce for the first time since 2013. It’s become easy to find reasons to be bullish. Everything from dovish central banks, technical indicators, negative-yielding bonds and fears of a military strike between the U.S. and Iran are all working in favor of higher bullion prices. “There has been a dramatic change in sentiment,” said Adrian Day, president of Annapolis, Maryland-based Adrian Day Asset Management… Read More @ https://www.bloomberg.com//news/articles/2019-06-21/gold-closes-in-on-1-400-as-global-central-banks-turn-dovish?srnd=markets-vp
If you want to learn how to do charting or technical & fundamental analysis – just drop a message to Sharon @ 09199104104.
High Risk Investment Warning:
Please note that Forex and other leveraged trading involves significant risk of loss, It is not suitable for all traders and you should make sure you understand the risks involved, it is recommended that you seek an independent advice, if necessary.