Need to know – Thursday 04:00 AEST / Wednesday 13:00 BST with Jay Powell’s press conference at 04:30 AEST. Broad Expectations – Of 94 economists polled by Bloomberg, eight have a 75bp (or 0.75%) hike as their call and 86 are calling for a 50bp hike. The market places a 97% chance of a 75bp […]
The post FOMC Meeting Preview – The Meeting the World is Watching appeared first on Action Forex.
EUR/USD rebounded after initial dip to 1.1653 last week, but stayed in range below 1.1848. Initial bias remains neutral this week first. Rise from 1.1408 is extended to continue as long as 1.1642 support holds. Read more…
USD/JPY’s steep decline last week indicates medium term topping at 160.71, on bearish divergence condition in D MACD. But as a temporary low should be formed at 155.48, initial bias is turned neutral this week Read more…
GBP/USD’s rise from 1.3158 resumed last week but a temporary top should be formed after hitting 1.3657. Initial bias is turned neutral this week for consolidations first. Further rally is expected as long as 1.3453 Read more…