Moods worsened in the afternoon after Fed's Daly said that the Fed would likely raise rates by 50 basis points at a couple of Fed meetings, and that policymakers will discuss whether rate hikes at 25, 50, or 75 basis points are needed. The fact that the Fed is still considering a 75bp hike on the one hand causes investors to flee the equity and precious metals markets, and on the other hand a strengthening of the US dollar and higher bond yields.
US100 rebounded from the 14200-14270 resistance zone again. This area is marked with the previous price reactions and the upper limit of the 1: 1 structure. Source: xStation5
US OPEN: SpaceX pushes Amazon off the TOP 5 podium. Wall Street awaits Warsh's debut
Nasdaq near record high 🔼 Is a double top forming?
European stocks on the rise again 🔼 EU50 near record high
Daily Summary: Markets Euphoric Following a Breakthrough in U.S.-Iran Relations