Daily Pivots: (S1) 141.76; (P) 143.01; (R1) 143.67; More… Intraday bias in USD/JPY remains neutral at this point. Rebound from 139.87 might still extend higher. But outlook will stay bearish as long as 38.2% retracement of 158.86 to 139.87 at 147.12 holds, in case of another bounce. On the downside, firm break of 141.96 will […]
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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…