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House approves $2.5T additional spending and taxes, and Gold goes down and Dollar Up???

Posted by Mr.Copper @ 15:14 on November 19, 2021  

Probably an over reaction. And futures players may be afraid to hold positions over the weekend. On my 6 mo chart the Dollar is right on the climbing 5 day moving average but too far above the 20 day so it most likely drop soon.

Parts:

  • The House passed President Joe Biden’s $1.7 trillion social spending and climate bill, and the Senate aims to approve it before Christmas.
  • The Senate will likely make changes to the paid leave program and tax policy in the House version of the plan.
  • Senate Majority Leader Chuck Schumer will need all 50 member of his caucus to back the bill.
  • If the chamber makes any changes to the package, the House will have to vote on it again.
  • https://www.cnbc.com/2021/11/19/house-passes-build-back-better-act-what-happens-next-in-the-senate.html

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Post by the Golden Rule. Oasis not responsible for content/accuracy of posts. DYODD.