RAPID UPDATE GBP/USD TP @: 1.34260 SL @: 1.34867 Unfo | Focal Community Group (FXSignals)

RAPID UPDATE
GBP/USD
TP @: 1.34260
SL @: 1.34867

Unfortunately, most investors do not understand the movements and correlations on the markets and have punished the dollar for the time being after high inflation figures - but of course it also means, as we have correctly traded, that the pressure on the Fed to tighten its monetary policy has increased extremely. Earlier rate hikes are now much more likely. We can also see this in the Treasury yields.y. The important 10-y Treasury yield is now already 7 basis points higher - which also puts pressure on the gold price. I see that most are still SHORT in gold, which I still think is right (short term) - we were too far ahead of the market this time