Bias: BEARISH
Fundamental:
+FEDS and CB more hawkish & looking to combat inflation- the inevitable rate hikes
+Fed Bullard to see AS MUCH as 100bps by July 2022 with support of other FED members pushing the possibility of such monetary policy move.
(He will be speaking at 16.00)
+Market optimism is still holding
Technical:
+Looking for buyers to take profit around 1977-75 at new intraday highs & capitalize on sells from this region.
Fundamental:
+FEDS and CB more hawkish & looking to combat inflation- the inevitable rate hikes
+Fed Bullard to see AS MUCH as 100bps by July 2022 with support of other FED members pushing the possibility of such monetary policy move.
(He will be speaking at 16.00)
+Market optimism is still holding
Technical:
+Looking for buyers to take profit around 1977-75 at new intraday highs & capitalize on sells from this region.