Lewis Huang said cooling expectations for further aggressive Federal Reserve rate hikes are reducing macro pressure on global markets, with chart structures in gold and U.S. equities regaining focus.
Bitget CFD chief analyst Lewis Huang said expectations for further aggressive Federal Reserve rate hikes are cooling, a shift he said is easing macro pressure on global markets. In an online livestream, Huang said that could move trading behavior away from news-driven swings and back toward technical analysis (price-chart based market study), with chart patterns in gold, U.S. equities, and major stock indexes becoming more relevant.