DOLLAR INDEX
- continuation of bearish momentum
- CPI prints lower than forecasted indicating previous months of rate hike has been working out as increasing of interest rates cause dollar to strengthen and a drop in equities and commodities which is why we have been playing the bearish bias on crypto
- Now that CPI prints has showed a decrease, i am quite optimistic that the FOMC meeting will show a 50-bps rate hike as expected and sort of priced in already. We have been seeing hints of a slowdown in rate hikes which caused the equities market / crypto market and gold to rally. I need to see the FED confirms a FED PIVOT
- However, if the feds decide to raise rate hike by 75bps or 100bps which is out of the ordinary, do expect a dump in all markets.
Either way i am quite bullish in the markets hence my spot buys has been well positioned last month and is currently up a good amount. Leverage buys / sells will only be given probably after FOMC or next week when the dust settles. My bias in the markets as of now is bullish and not bearish. As all fundamentals have been in check for a minor relief rally across the markets or you can say it's a mini bull market.
Fed pivot = dollar weakness = crypto moon / stocks moon = adapting to short term bullish bias
- continuation of bearish momentum
- CPI prints lower than forecasted indicating previous months of rate hike has been working out as increasing of interest rates cause dollar to strengthen and a drop in equities and commodities which is why we have been playing the bearish bias on crypto
- Now that CPI prints has showed a decrease, i am quite optimistic that the FOMC meeting will show a 50-bps rate hike as expected and sort of priced in already. We have been seeing hints of a slowdown in rate hikes which caused the equities market / crypto market and gold to rally. I need to see the FED confirms a FED PIVOT
- However, if the feds decide to raise rate hike by 75bps or 100bps which is out of the ordinary, do expect a dump in all markets.
Either way i am quite bullish in the markets hence my spot buys has been well positioned last month and is currently up a good amount. Leverage buys / sells will only be given probably after FOMC or next week when the dust settles. My bias in the markets as of now is bullish and not bearish. As all fundamentals have been in check for a minor relief rally across the markets or you can say it's a mini bull market.
Fed pivot = dollar weakness = crypto moon / stocks moon = adapting to short term bullish bias