AROUND SIX MONTHS!

That was the only thing what market heard yesterday from Yellen’s speech. Which means probably start to increase the interest rate sooner than earlier had been expected by analysts. Not in 2100 just in 2050. Ho-ho-ho. Market’s answer was selling on that FED’s update.

On this Yellen’s speech the market couldn’t make the third day rally in row and finally close in negative territory. Tonight Asia turned into red too. The risk off mood stopped for a while maybe for one or two days. This is a now the new fear not the Russian invasion on the market. The market couldn’t exist without fear at all investors are always looking for new scary things and news. The up and down movement is continuing further. And the volatility stays with us for few months.

The BFM Assets Team.