🚨 UPDATE: CRITICAL #FOMC DAY 🚨
The Fed rate decision drops TODAY at 2:00 PM ET.
Why it matters for #Crypto & #GOLD
The Consensus: Markets expect a hold at 3.50%–3.75%.
The Trigger: Watch the wording. If Fed Chair Warsh signals a potential rate hike due to sticky oil prices, the USD will spike, forcing Crypto & Gold lower.
The Bullish Scenario: Any hint that cooling June CPI data could lead to a pause or cut will weaken the USD and rocket Crypto & Gold higher.
Trading Strategy: Volatility will be extreme. Manage your risk, or stay flat until the 2:30 PM ET press conference. 👽 #XAUUSD #forex
The Fed rate decision drops TODAY at 2:00 PM ET.
Why it matters for #Crypto & #GOLD
The Consensus: Markets expect a hold at 3.50%–3.75%.
The Trigger: Watch the wording. If Fed Chair Warsh signals a potential rate hike due to sticky oil prices, the USD will spike, forcing Crypto & Gold lower.
The Bullish Scenario: Any hint that cooling June CPI data could lead to a pause or cut will weaken the USD and rocket Crypto & Gold higher.
Trading Strategy: Volatility will be extreme. Manage your risk, or stay flat until the 2:30 PM ET press conference. 👽 #XAUUSD #forex