Stocks were firstly down on Monday, as market was again dealing with uncertainty, as there were talk by Trump who want someone who will replace Powell, who will more likely to cut rates. But if the Fed’s independence comes into question, it could seriously shake investor confidence. Trust in the system is already under pressure, especially with tariffs and Trump’s growing involvement across the board.
But apparently, Trump is taking a step back after saying he’s not looking to get rid of Powell, and interestingly, stocks have started to recover despite investors being unsure when or if the Fed might cut rates. At the same time, the US dollar has also bounced, showing that the positive correlation between the dollar and stocks is still holding. At the same time gold soared to new highs but it's now reversing. Is time for a pause and maybe is Silver going to be next mover?
More about gold, silver and other markets in webinar below.
Get Full Access To Our Premium Elliott Wave Analysis For 14 Days. Click here.
作者：Gregor Horvat，文章来源FXStreet，版权归原作者所有，如有侵权请联系本人删除。
风险提示：以上内容仅代表作者或嘉宾的观点，不代表 FOLLOWME 的任何观点及立场，且不代表 FOLLOWME 同意其说法或描述，也不构成任何投资建议。对于访问者根据 FOLLOWME 社区提供的信息所做出的一切行为，除非另有明确的书面承诺文件，否则本社区不承担任何形式的责任。
FOLLOWME 交易社区网址: followme.asia
加载失败()