Consequences of Powell's statement: King Dollar dethroned, indexes with incredible bounce

Today, the statement of Fed Chairman Jerome Powell was made. Here are the highlights:

• We do not have a clear path for interest rates
• The impact of interest rates is uncertain, it may take a year or more to feel
• The gradual lifting move was designed to balance the risk of excessive fast or slow interest rates
• Interest rates are still below historical standards
• We have enough arguments to support the US economy as strong
• We expect stable economic growth, low unemployment and near-end inflation
• We observe very carefully economic data
• We have anxiety about stepping up corporate lending, which may be a catalyst for economic slowdown
• We do not see a serious threat to stock markets

The US dollar reacted with a strong impulse down the commentary on the unclear path to monetary policy historically low interest rates. The indices and gold included strong upward movements as a result of Powell's more "dovish" mood.

EUR/USD H4

GOLD H4

DJIA H4

The complete comment: "While most FOMC players make their predictions on the basis of forecasting, there is no clear-cut and outlined path for our policy, and we will carefully observe what economic and financial data tell us."

Another key point: "We have therefore begun to raise interest rates gradually to levels that are more normal in a healthy economy, and interest rates are low compared to previous historical figures and remain below the level of what is considered a" neutral level "for the economy - neither sharply rising interest rates nor declining interest rates.

Read more:

• Risk off after the escalation in the Middle East, markets are recovering in a period of calm
• The macroeconomic events for today’s trading calendar
• The US government has confirmed the attacks, Trump is calling an emergency staff meeting
• Has the war between Iran and the US started?
• US markets remain under pressure, traders await Iran’s response