The Federal Reserve Open Market Committee (FOMC) maintained the federal funds rate in the 5.25% to 5.50% range and announced it would continue its balance sheet runoff. The Fed adjusted its language to acknowledge the recent strengthening in economic data, stating “recent indicators suggest that economic activity has been expanding at a solid pace. Job […]
The post Fed Holds Rates, Signals No Rush to Start Cutting appeared first on Action Forex.
Daily Pivots: (S1) 1.6190; (P) 1.6214; (R1) 1.6230; More… EUR/AUD’s fall from 1.6598 resumed by breaking through 1.6161, and intraday bias is back on the downside. Deeper decline should be seen to 1.5996/6002 key support Read more…
Daily Pivots: (S1) 1.0497; (P) 1.0554; (R1) 1.0600; More… EUR/USD is still extending consolidation above 1.0495 temporary low, and intraday bias stays neutral. Outlook remains bearish with 1.0760 support turned resistance intact. On the downside, Read more…
Daily Pivots: (S1) 1.2618; (P) 1.2666; (R1) 1.2702; More… Intraday bias in GBP/USD remains neutral for the moment, as consolidation continues above 1.2596 temporary low. Outlook stays bearish with 1.2842 support turned resistance intact. On Read more…