Possible Gold/BTC/Crude oil Bearish catalysts for today
Today there is a big possibility at FED’s Evans and Williams Speech which happens at 19:00 and 21:05 GMT +0 (London time) Respectively,
to see BTC and Cryptos , Crude oil and Gold going lower at the same time.
Would I get into a trade set up to short the markets? I could do that for the very short term that I understand what each and every comment of those speeches will cause to the markets.
In general I want to see their commentary changing from Dollar Dovish to Dollar Hawkish which is a short term Catalyst to get on shorts in all 3 markets.
If you ask me the best play in all 3 Assets will be loading to the Long side and not Short…
The bigger picture in terms of Global Macro shows to me Bullish expectations to all 3 markets in the long run.
That’s why if I see any bearish flows going into the events appearing in the markets I will be surely looking to add longs (eventually if the preposition is leaning towards a shift because markets will be already pressured enough from Brainard shifting from Dove to Hawk at Tuesday).
So my general market sentiment in all the 3 markets I mention is hawkish but meanwhile I have some expectations to get better entries in all of them with today’s FED’s Speeches.
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