Markets today experienced a sense of anticipation and caution, with a tendency to decline, in anticipation of the speech by US Federal Reserve Chair Jerome Powell. Investors were concerned that Powell might adopt a hawkish tone regarding interest rate hikes.
However, the surprise was in the nature of the speech, which generally focused on banking regulation, without mentioning changes in monetary policy.
**Market Reaction:**
* **Gradual Rise:** Buyers have started to gradually return to the market.
* **Positive Expectations:** A rebound in prices and slight increases are expected in the upcoming sessions.
* **Analysis:** The initial drop was driven by fear, while the calmness of the speech restored confidence in the market.
I hope this is clear and helpful!
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