The US dollar weakened while equites moved higher after Fed Chair Powell dovish comments. During his speech at the Brookings Institution, Powell said:
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Policy will most likely need to remain restrictive for some time.
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It makes sense to moderate pace of interest rate increases.
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The time to slow the pace of rate hikes could come as soon as the December meeting.
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Have made significant progress toward a sufficiently restrictive policy, but still have much ground to cover.
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It seems to me probable to me rates need to ultimately go somewhat higher than policymakers thought in September
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October inflation data was a welcome surprise, but it will require much more evidence to give reassurance that inflation is actually dropping.
- We estimate that the PCE price index rose 6% in the 12 months to October, core PCE rose 5%.
- The route ahead for inflation is very uncertain.
- Economic activity growth has slowed to well below the longer-run trend, and this must be maintained.
US100 broke above the local downtrend line and is currently testing a major resistance zone at 11700 pts. Source: xStation5
เริ่มเทรดทันทีวันนี้ หรือ ลองใช้บัญชีทดลองแบบไร้ความเสี่ยง
เปิดบัญชี ลองบัญชีเดโม่ ดาวน์โหลดแอปมือถือ ดาวน์โหลดแอปมือถือ
GBPUSD erased early losses and once again approached resistance at 1.20. Source: xStation5
