With Powell Chairman of the Fed For Another 4 Years, We Recap The Moves Today in Markets, the USD, and Oil
Cory
November 22, 2021
Ed Moya Senior Market Analyst at OANDA joins us to recap the re-appointment of Jerome Powell as the Chairman of the Federal Reserve. We discuss the news heading into the announcement and market reaction today. The focus being on the US Dollar’s continued rise, oil’s reversal and the S%P and NASDAQ hitting new all time highs earlier this morning.
King dollar rules, commodities drool.
Oil just starting to weaken.
PM dead-cat bound OVER.
By end of year, oil will be at 60.
Gold will be at 1700.
Silver will be at 19.