The Fed maintained its monetary policy unchanged as widely expected. The updated median ‘dots’ still signal two more 25bp rate cuts by the end of the year. Median rate projection for 2026-27 shifted 25bp higher, but the distribution of views within FOMC remained little changed. Market reaction was generally muted. We still expect the Fed […]
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Daily Pivots: (S1) 0.8623; (P) 0.8632; (R1) 0.8645; More… Intraday bias in EUR/GBP is turned neutral first with current recovery. On the downside, decisive break of 0.8610 key support carry larger bearish implications and pave Read more…
Daily Pivots: (S1) 1.6243; (P) 1.6290; (R1) 1.6320; More… Intraday bias in EUR/AUD remains on the downside, and fall from 1.6842 should target 1.6125 low. Decisive break there will resume whole fall from 1.8554. On Read more…
Daily Pivots: (S1) 0.9152; (P) 0.9168; (R1) 0.9181; More…. Intraday bias in EUR/CHF stays neutral for the moment. Rise from 0.8979 is expected to continue as long as 0.9155 cluster support (38.2% retracement of 0.8979 Read more…