📊 The press conference of the US Federal Reserve Governor Jerome Powell ends, and the#dollarindex is at 108.06 points, up by approximately 1.05%, and the price of#goldfalls to $2,604 per ounce, and the#Bitcoincurrency falls near $101,000, and the#Dow_JonesIndustrial Index records 42,902.51 points, down by 1.26%.
🔴 This is the strategic shift in Fed policy that is pushing market prices higher now, and gold lower.
• The Fed is cutting by 25 basis points even as most officials have halved the number of cuts they expect for next year compared to their September estimates. The September baseline program now shows the interest rate falling to just 3.75% to 4% in 2025, and to 3.25% to 3.5% in 2026. Four officials forecast one or no additional cuts next year.
👈 This comes as officials are raising their inflation forecasts.
Analyst says those who don’t think XRP can reach $589 aren’t crazy enough
A prominent figure in the XRP community believes that those who cannot envision XRP rebounding to the famous three-digit target are not “crazy” enough. It is worth noting that XRP has been one of the best performers in the ongoing bull market. It closed November up 283% and is now up 23% in December. XRP is trading at $2.41 and has been consolidating within that range for the past seven days.
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🛢 Oil rises slightly amid supply glut risks as EU approves new round of sanctions threatening Russian oil flows, but weak demand concerns cap gains. https://t.me/+uKILKVreIs43MGRk
✅ Five rules for the professional trader: 1. Wait for the right entry 2. Determine the loss before entering 3. Accept what the market gives 4. Focus on the process, not the profit and loss 5. Take a break 🤝🏼📊
🔴 The Nasdaq index exceeds the 20,000-point barrier for the first time in its history, as technology stocks rise..#Nvidiaand#Teslarise 2%, with Nvidia's profits exceeding 180% since the beginning of 2024.
The market is almost uninterested and does not react because we want it to go down. If the news was negative for the dollar, the market would have gone up.