US30USD - Looks little Toppy!
Keeping it simple, we need reasons for the market to move, data may be one of them this week, there is also targets institutions layout so without having a bias, the momentum however seems to shows its hand towards the shorting side. To not be bias, must be recognised the conscious fact institutions have set their targets at higher levels so definitely not a sure thing.
There was a reason the FED J Powell wasn't allowed to say Rate Cuts or Hikes in his speech yesterday, this is because they do not know if a rate hike is out of the question although they understand they will have to reduce rates at some point. This for me means discounting a rate hike as a possibility would be reckless.
The charting also shows we are in the middle of the VAH & VAL so very neutral ATM with a hint of short.
There was a reason the FED J Powell wasn't allowed to say Rate Cuts or Hikes in his speech yesterday, this is because they do not know if a rate hike is out of the question although they understand they will have to reduce rates at some point. This for me means discounting a rate hike as a possibility would be reckless.
The charting also shows we are in the middle of the VAH & VAL so very neutral ATM with a hint of short.
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