DXY is looking like it needs a boost, and the FED just may have given it, saying larger Rate hikes on the way
PA coming up under 200 MA as well as 768 fib line
likely to be resistance
MACD just above 0 so has room
StochRSI overbought
Ordinarily I would say that PA probably range under 200 But now, well, It may push harder today before close for the weekend.
FED DEFIANTLY trying to Boost $ and this will be Negative for Markets
It should be remembered that the FEDERAL RESERVE is a PRIVATE group of representatives of BANKS. It is NOT a Governmental organisation and its only reason for existence is to protect and strengthen the $, by any means it can. Raising interest rates increases the amount of money banks take back and so, by consequence, reduce the amount of moeny available for other markets.
THAT is centralised Finance.
The Very Thing that BITCOIN IS NOT
Take care
PA coming up under 200 MA as well as 768 fib line
likely to be resistance
MACD just above 0 so has room
StochRSI overbought
Ordinarily I would say that PA probably range under 200 But now, well, It may push harder today before close for the weekend.
FED DEFIANTLY trying to Boost $ and this will be Negative for Markets
It should be remembered that the FEDERAL RESERVE is a PRIVATE group of representatives of BANKS. It is NOT a Governmental organisation and its only reason for existence is to protect and strengthen the $, by any means it can. Raising interest rates increases the amount of money banks take back and so, by consequence, reduce the amount of moeny available for other markets.
THAT is centralised Finance.
The Very Thing that BITCOIN IS NOT
Take care