Right before the Fed speaks, markets move in interesting directions. Powell spoke at 09:00 on these charts.
Gold caught a bid
Dow surges up
Dollar dives
10 year plummets & bounces back
Bitcoin is least affected
These are but a few of the assets that are heavily impacted by fed bs.
So just before the Powell Fed speech we get all this interesting action & big movement. Is this Traders positioning themselves on guessing what will be said or a whole lot of insider trades just before the all important guidance speech?
I call shenanigans