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The U.S. dollar continued to lose pips against its major counterparts as more traders digested the Fed’s less hawkish than expected policy decision.
So the Fed is NOT ready to bring rate hikes back on the table. Will the NFP report convince the FOMC gang to keep their rates higher for longer?
I’m seeing a textbook trend setup on the 4-hour time frame of USD/CHF. Will we see another channel bounce this time?
Financial markets had a mixed run in the past trading sessions, as there were plenty of factors in play even before the highly-anticipated FOMC decision was announced.
As expected, the Federal Open Market Committee (FOMC) kept interest rates on hold at 5.50% during their May meeting. Here’s how USD pairs reacted.
Processing market information and making quick trading decisions can be a challenge for most of us. Here are some tips that might help.