Powell retains cautious stance
As I have marked out in one of my previous ideas called "Us midweek idea". Price has held at this level 39147.29 - 39013.54.
Fed Chair Powel announced that the recent readings on both job gains and inflation have come in higher than expected so the Fed has retained a cautious stance towards future rate cuts, suggesting that the U.S. central bank will continue to study more data before a rate-cutting cycle is started
We may see a rebound from this point if this zone can hold up to 40023.09 in the near future or even possible at the release of NFP on Friday.
Fed Chair Powel announced that the recent readings on both job gains and inflation have come in higher than expected so the Fed has retained a cautious stance towards future rate cuts, suggesting that the U.S. central bank will continue to study more data before a rate-cutting cycle is started
We may see a rebound from this point if this zone can hold up to 40023.09 in the near future or even possible at the release of NFP on Friday.
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