Baltic dry Index reach 500 first time in 2016 . Is this silver lining of economy recovery on the process.
a few notes from Minutes of FOMC March 15-16 , 2016
– After declining for five consecutive months, industrial production rose in June …..
-Real personal consumption expenditures (PCE) appeared to have risen at a solid pace in the second quarter. …
– Activity in the housing sector improved somewhat in recent months but remained slow. Starts of new single-family houses declined in June but rose for the quarter as a whole…
All added up to a brighter future.
Part 2 continue AUDUSD from yesterday
It is bounce off nicely from Daily 21 . for the next 2 days is the moment of truth. is the Bear in control from Sell zone or The Bull comtinue
driving the Price up from here.
The 4 H shows an sell zone for the Bear to sell. Fibonacci 38% to 61% area. As for the Bull is Long from bounce off Daily 21.