The big takeaway from today’s FOMC meeting is that the Fed really hasn’t changed its view very much from October. Powell has indicated in the past that interest rates will remain at a sufficiently restrictive levels for some time until the Fed sees enough evidence that inflation is clearly moving lower. In addition, he has […]
The post What to Make of December’s FOMC Meeting? appeared first on Action Forex.
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Key Highlights Gold started a fresh decline from $5,240 and traded below $5,120. A major bearish trend line is forming with resistance at $5,075 on the 4-hour chart. WTI Crude Oil surged toward $102 before Read more…
Japan’s trade data for February revealed a mixed but resilient picture, with exports rising 4.2% yoy to JPY 9,572B, comfortably above expectations. Imports also strengthened, up 10.2% yoy to JPY 9,514B, resulting in a trade Read more…