Volume drying up every day now. Sellers exhausted & could be the bottom.
The 1 pip drop the other day was due to one seller with less than 40,000 shares.
The media now starting to mention rate pause following next hikes & 10 year bond yields softening. The worst may be over. A de-escalation in Ukraine may be the catalyst required to get markets moving higher again. Fundamentals are slowly changing regarding high inflation & high interest rates.
NEW YORK (Reuters) - World shares rose on Thursday and the U.S. dollar edged lower, a day after minutes from the U.S. Federal Reserve's May meeting indicated the central bank would remain flexible and might pause rate hikes later in the year.The minutes of the Fed's May meeting, released on Wednesday, showed a majority of Fed officials supported the well-telegraphed rate hikes of 50 basis points each in June and July.
Analysts at Bank of America (NYSE:BAC) said the Fed could pause its tightening in September if the economy deteriorates.
The minutes from the Federal Open Market Committee's (FOMC) most recent monetary policy meeting calmed fears that the U.S. central bank could turn more hawkish, a concern which has fed into market volatility in recent weeks.
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