Daily Pivots: (S1) 1.1306; (P) 1.1344; (R1) 1.1407; More… Intraday bias in EUR/USD remains neutral at this point. On the downside, below 1.1265 will resume the corrective fall from 1.1572 short term top. But downside should be contained by 38.2% retracement of 1.0176 to 1.1572 at 1.1039. On the upside, break of 1.1424 will suggest […]
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Summary The widely expected decision by the FOMC to keep rates on hold at today’s policy meeting was universally supported by all 12 voting members of the Committee. In its post-meeting statement, the FOMC noted Read more…
The Fed maintained its policy rates unchanged in the May meeting, as widely expected. QT continues unchanged also as expected. Powell emphasized that the Fed is in a good place amid the high uncertainty and Read more…
Key Highlights Gold found support near $3,200 and started a fresh increase. A key bullish trend line is forming with support at $3,285 on the 4-hour chart. EUR/USD is still consolidating gains below the 1.1420 Read more…