By Tanya Rawat
“Starve your distractions, Feed your Focus.”
On Hawkish comments from the Federal Reserve Chair Jerome Powell, we saw the excuse the US equity markets were looking for a sell-off. I remain bullish Dollar provided 88 levels aren’t tested and so far bearish Euro call is standing firm. While we are likely to see temporary weakness in Gold as mentioned due to Dollar strength, overall I remain bullish the commodity. In my last post, I was wary of weaker Oil on the back of Dollar strength and we are seeing continued weakness in it easing off from $67.90/barrel levels touched 26th February. I also continue to remain bullish Japanese Yen and expect it to test 105 levels versus the Dollar. While bearish US equity markets, I expect Euro weakness to act as a support for European equity indices and buoy them up soon enough. Buy dips in Europe.
Questions? Comments? Contact me at Tanya@rawatspeaks.com.
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