BTC/USD - Biden Won Investors on USD Won
Powell says it's not the time to talk taper
The first news that jolted the market today was initial jobless claims and it was a reminder that the jobs market still has plenty of recovering to do. It led to a steady drop in Treasury yields and the dollar.
That peaked as Powell began to speak and offered no indication of a taper. However later in his speech he highlighted some optimism about the economy and then bonds started to wild, pushing yields higher. Or maybe there were sellers waiting in the weeds ahead of Biden's big stimulus speech.
We got a leak on that topic late with a 1.9T price tag. I'd characterize the reaction to that as mixed-to-disappointing. Rates remained near the highs but stopped moving up. The dollar generally chopped sideways but remained soft.
The first news that jolted the market today was initial jobless claims and it was a reminder that the jobs market still has plenty of recovering to do. It led to a steady drop in Treasury yields and the dollar.
That peaked as Powell began to speak and offered no indication of a taper. However later in his speech he highlighted some optimism about the economy and then bonds started to wild, pushing yields higher. Or maybe there were sellers waiting in the weeds ahead of Biden's big stimulus speech.
We got a leak on that topic late with a 1.9T price tag. I'd characterize the reaction to that as mixed-to-disappointing. Rates remained near the highs but stopped moving up. The dollar generally chopped sideways but remained soft.
Trade closed: target reached
Closed Short On BTC !!!
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