Yes, I know it doesn’t sound like a rational thing to say, “bad is good”. However sometimes markets are not fundamentally rational but more technically motivated. So, when was already clear that investors would cheer any FED rate cuts, the disastrous non-farm payrolls number last Friday was a golden parachute, because it basically means an open road for Powell and his buddies at the board to speed things up.
Photo by Sharon Mccutcheo.
Marco Silva is a Financial Market Specialist with 20 years of experience, with transactions in 12 different countries, involving numerous financial instruments, Specialist in Technical Analysis, Capital Manager, Investment Advisor, Financial Hedging Operations and Algorithm trading developer. Economic Commentator TV and RTP Information for the Financial Markets, Responsible for the Department of Economy / Markets of TVL.
© 2019 High Leverage FX - All Rights Reserved.
© 2019 High Leverage FX - All Rights Reserved.