Technical Analysis
Technically speaking, 1.6% had been a very important level, as we tested 6 times, before continuing higher.
Now the 10sma which has been working very well year-to-date, is lining up with the 1.6% level.
I expect some selling to reach the 10sma at 1.6%, for a bounce to 2%.
Dot Plot Summary
7/18 FOMC officials are predicting higher short-term interest rates by the end of 2023, as compared to 5/17 at the December meeting (i.e., a growing percentage who see an earlier start for rate hikes). Notably, four officials now expect a rate hike at some point next year.
Technically speaking, 1.6% had been a very important level, as we tested 6 times, before continuing higher.
Now the 10sma which has been working very well year-to-date, is lining up with the 1.6% level.
I expect some selling to reach the 10sma at 1.6%, for a bounce to 2%.
Dot Plot Summary
7/18 FOMC officials are predicting higher short-term interest rates by the end of 2023, as compared to 5/17 at the December meeting (i.e., a growing percentage who see an earlier start for rate hikes). Notably, four officials now expect a rate hike at some point next year.
노트
The 2% target is not my own opinion, but of Schwab's Chief Income Strategist.She was right on target with 1.6% level since 2020. However, technical analysis suggest she might be right again.
If you want to dig deeper, there are great free online resources, please let me know if you would like to have those, and I will be happy to share.
Have a great weekend everybody
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면책사항
이 정보와 게시물은 TradingView에서 제공하거나 보증하는 금융, 투자, 거래 또는 기타 유형의 조언이나 권고 사항을 의미하거나 구성하지 않습니다. 자세한 내용은 이용 약관을 참고하세요.