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Comments on the Fed before the FOMC

Short
TVC:GOLD   CFDs on Gold (US$ / OZ)
On Wednesday this week, the Fed will announce the first monetary policy decision of 2024. This event will likely create many attractive trading opportunities, but there will also be many unpredictable fluctuations.

Currently, the FOMC is expected to continue to keep the basic interest rate unchanged in the range of 5.25% to 5.5% in the coming days, and the Fed may also gradually shift to a dovish tone at the press conference after the meeting. meeting. The reason for this is that, although the US economy is still very strong, policymakers may have to take a more dovish attitude because the delay in changing monetary policy may may cause unnecessary losses to the labor market.

There are still no signs that the Fed will be prepared to cut interest rates at its March meeting, but if this happens, the market may witness a sharp drop in US government bond yields, which will help the stock market and gold price benefit.

In case the Fed decides to keep interest rates unchanged next March and opposes market expectations of loosening monetary policy, US government bond yields and the USD will increase again and put pressure on the market. stock market and gold price.
Comment:
SELL XAUUSD 2033 -2036

SL 2042
TP 2020
TP2 2010

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