The FOMC meeting was an out and out exercise in understanding positioning, rates pricing and market sentiment. This was a factor we brought up in the FOMC preview and we’ve seen these dynamics play out. While the market thoroughly expected a 50bp hike today, the focus from traders was on the appetite to hike by […]
The post FOMC Reaction – When 50bp is Considered Dovish appeared first on Action Forex.
TheStreet aims to feature only the best products and services. If you buy something via one of our links, we may earn a commission. When you’re feeling drained — and it’s only the middle of Read more…
The UK private sector contracted sharply in April, with the flash PMI Composite falling from 51.5 to 48.2, the lowest reading in 29 months. PMI Manufacturing dropped from 45.3 to 44.0, a 20-month low. PMI Read more…
Gold pulls back after sharp rally to all-time high. Bearish candlestick pattern emerges; overbought signals confirmed. Sellers eye a close below 3,290 to target lower levels. Gold opened Wednesday’s session with a downside gap, extending Read more…