Powell at Jackson Hole was ‘Loud and Clear’
Powell at Jackson Hole was ‘Loud and Clear’
Jim Welsh of Macro Tides sits down with Blake Morrow and talks about the market following the Jackson Hole Speech from Federal Reserve Chairman Powell. He thinks that Powell has been very direct in relaying what the FOMC is looking for with the economy in order to adjust monetary policy.
Jim matches up the 2022 and 2023 speeches to illustrate what the FOMC may be looking for with GDP and the Labor market.
Jim does believe the breakout in the US Dollar should be respected at this time, and that gold could still move towards the 1850 level before rallying to new all-time highs.
He also gives his technical view of the US Dollar DXY and the TLT bond market and thinks that 10yr yields come indeed continue to push higher. Jim gives his technical view of the Semiconductor index following the NVDA earnings and how that could weigh on the S&P 500.
#trading_news #trading_analysis #trading_interview #tradersummit #markets #market_analysis #forex #forex_trading #forex_trading_interview #Jim_Welsh #SPX #USD #S&P500 #Bonds #Gold #interest_rate_news #Fed #FOMC
//SPONSOR – EIGHTCAP ✅ https://www.eightcap.com/en/?cxd=3624…
Eightcap was founded in Melbourne, Australia, in 2009 with a simple, clear mission: to provide exceptional financial services to their clients. The broker is committed to building a home for MT4 and MT5 traders. This fundamental principle remains at the core of everything they do at Eightcap, and they believe staying true to it is pivotal to their success. Now with five offices across the globe and regulation in multiple locations, they provide clients worldwide with the ability to trade on a broad range of markets across FX, Indices, Cryptos, Commodities and Shares.
They are an award-winning broker who is focused on traders security and peace of mind. They deliver a personalized trading experience and create an ultra-efficient technology infrastructure for traders to trade on. That’s why they have been awarded the Best Global Forex MT4 Broker 2020 at the Global Forex Awards and, more recently, been named the Best Crypto Broker at the AtoZ Market Awards, 2021.
JWelsh@SmartPortfolios.com
20230826
