Fed FOMC meeting scheduled from 26 – 27 July is not expected to raised interest rate, Yellen interest rates guidance into the next 6 months could turn the tide.
With this backdrop, the market is not expected to experience a steep correction until all the central bankers have their say. After the July month end, traders should be ready for a sharp correction in August.
Like the BREXT all over again its going to be `Sell On News’ with so much priced into the expectation of Central Bankers monetary stimulus this month.
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