As we noted in our FOMC meeting preview report, there was always going to be only an outside chance of any changes to monetary policy at today’s Fed meeting…and as it turned out, that’s exactly what we saw. Despite the lack of immediate policy changes though, the tone of the statement and Jerome Powell’s press […]
The post FOMC Meeting Recap: Flexible Statement But Hawkish Powell Has Risk Appetite Reeling appeared first on Action Forex.
Daily Pivots: (S1) 191.63; (P) 192.85; (R1) 193.67; More… GBP/JPY’s fall from 199.79 continues today and intraday bias stays on the downside. As noted before, corrective rise from 180.00 could have completed with three waves Read more…
Daily Pivots: (S1) 161.17; (P) 161.64; (R1) 162.30; More…. EUR/JPY’s fall from 166.67 continues today and intraday bias stays on the downside. As noted before, corrective rebound from 154.40 could have completed with three waves Read more…
Kiwi rebounded broadly during Asian session, supported by a less dovish-than-expected rate cut from RBNZ. While the 50bps reduction to 4.25% had been widely anticipated, RBNZ’s updated forecasts, which suggest a slower pace of easing Read more…