Market Event which could bring trading opportunities
Most likely, key players will interpret the same from the FED comments and market price action. Here are my first view which will remain until performance and momentum on and of those assets are stable. Market participants are likely to BUY EQUITES GOLD / SILVER BONDS Market participants are likely to SELL VOLATILITY and USD
There are multiple key point to carry forward for future market analysis. FIRST The Fed is concerned about the economy and the coronavirus spread. It is taking actions that I would not have expected to see. Fed is ordered banks to cap dividends and the Fed will not allow share buybacks. If you are serious
Note the market internals, they are control by the bears. Volatility is high enough for a large move on US Equities. If large players engage here you can see prices lower in the next few days. Maybe Pension Funds are re-balancing the Equity exposure for the rest of the summer or looking at the earnings.
The U.S. Federal Reserve signaled it would provide years of extraordinary support for an economy facing a torturous slog back from the coronavirus pandemic, with policymakers projecting a 6.5% decline in gross domestic product this year and a 9.3% unemployment rate at year’s end. The dollar extended losses against its peers, while Treasuries and gold
The main stock indexes keep pushing higher and the selling volume is minimal. Similarly to March 2020 where the market pushed lower to seeking buyers now the market needs to push higher to find sellers. Here you have find the historical data of selected instruments that I track The Earning Data from US and Europe