- If Iran would retaliate, there is a heckuva lot of excess oil reserves out there.
Oil prices are now lower with the August contract now down -$0.56 at $73.36. The price is testing the 100 hour MA at $73.43
- Highly that the big beautiful Bill would be signed by 4 July
- All need to agree.
- Expect to see a final deal by the end of the week and then passing both houses by the 4th of July
- Very confident the process is proceeding very collegially.
- Feds Waller and US Pres. Trump are right about interest rates
- Inflation is at lowest level in 4 years
- No reason for the Fed to not cut rates now
This article was written by Greg Michalowski at www.forexlive.com.