XAUUSD: GOLD in the Asia-Europe session 12 OCT
Updated
Traders have been scaling back their expectations of another interest rate hike by the US Federal Reserve (Fed) before the end of the year, following a recent shift in tone from Fed policymakers. The probability of a November rate increase currently stands at just 13%.
During a speech on Tuesday, Atlanta Fed President Raphael Bostic expressed his belief that further rate hikes are unnecessary. Neel Kashkari, President of the Minneapolis Fed, also acknowledged that higher bond yields could limit the actions taken by the central bank. Similarly, San Francisco Fed Chief Mary Daly suggested that if bond yields remain high, it would have similar effects as another rate hike.
The statements made by these key figures reflect a more dovish stance from the Fed and have influenced market sentiment accordingly. Traders are now adjusting their positions based on this new information and revising their predictions for future monetary policy decisions.
During a speech on Tuesday, Atlanta Fed President Raphael Bostic expressed his belief that further rate hikes are unnecessary. Neel Kashkari, President of the Minneapolis Fed, also acknowledged that higher bond yields could limit the actions taken by the central bank. Similarly, San Francisco Fed Chief Mary Daly suggested that if bond yields remain high, it would have similar effects as another rate hike.
The statements made by these key figures reflect a more dovish stance from the Fed and have influenced market sentiment accordingly. Traders are now adjusting their positions based on this new information and revising their predictions for future monetary policy decisions.
Note
🕯 SELL GOLD | 1886 - 1883🔴 SL: 1891
🟢 TP1: 1878
🟢 TP2: 1873
Trade active
Runings + 95pips. Heading to TP2 ✔️✔️✔️Trade closed: target reached
Close Full Hit TP2 + 120pips 😮 ✅✅✅Note
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