I don’t like analyzing charts at the end of the day. Asia tends to be less volatile and the price changes are not as significant as during the European and American sessions. However, this time I see a clear gold channel worth showing. Today’s FED only confirmed the strong position of the USA, and it seems that since yesterday informed investors already knew what position they should have …
The Federal Open Market Committee, at its annual organizational meeting this week, unanimously reaffirmed its “Statement of Longer-Run Goals and Monetary Policy Strategy.” The reaffirmed statement is identical to the statement adopted in August 2020 following the Committee’s review of its monetary policy strategy, tools, and communication practices, which included numerous public Fed Listens events around the country. The Committee first adopted a framework statement in 2012.federalreserve.gov
The more important issue seems to be the statement made and published on federalreserve.gov
The Federal Reserve is committed to using its full range of tools to support the U.S. economy in this challenging time, thereby promoting its maximum employment and price stability goals.
The COVID-19 pandemic is causing tremendous human and economic hardship across the United States and around the world. The pace of the recovery in economic activity and employment has moderated in recent months, with weakness concentrated in the sectors most adversely affected by the pandemic. Weaker demand and earlier declines in oil prices have been holding down consumer price inflation. Overall financial conditions remain accommodative, in part reflecting policy measures to support the economy and the flow of credit to U.S. households and businesses.
The Committee seeks to achieve maximum employment and inflation at the rate of 2 percent over the longer run.federalreserve.gov