A quick market analysis after today's Federal speech
Today, the market was tense and leaning towards decline due to anticipation of Jerome Powell's speech, the head of the U.S. Federal Reserve, with fears of a hawkish tone regarding interest rate hikes.
But the surprise? 😌
The speech didn't bring anything scary, it was general and focused on banking regulation without any hints about monetary policy.
🚀 The result: Buyers are gradually returning to the market, and a rebound and price increases are expected in the coming sessions.
📉 The decline was fear... and the calm speech restored confidence.