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Today is FOMC
Just like I told my community and clients, today’s FOMC , markets will expect the report to have significant impact due to the geopolitical situations and the implications so far.
As I stated in my pinned article last week , the surge in oil threatens higher inflation in the US which invariably turns the Feds away from pausing or lowering interest rates to hiking. This is bad for gold, bad for Bitcoin, good for dollar.
So in short, if today’s FOMC gives a signal for a hike , prepare for more blood in risk markets, if today’s FOMC signals for a pause or lowering of rates, prepare for recovery.
Personally I have this buy/long outlook in gold #Xau $Xau , explained in detail to community members what’s happening and the expectations on gold.