The Fed has hiked its policy interest rate by 25 bp and left the door open for another hike, but additional tightening moves are perceived to lack commitment at current point in time.
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The Fed has hiked its policy interest rate by 25 bp and left the door open for another hike, but additional tightening moves are perceived to lack commitment at current point in time.
from DailyFX – Market News https://ift.tt/BFdJlXh
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The upcoming European Central Bank monetary policy announcement and guidance will play a crucial role in shaping the near-term directional bias of EUR/USD.
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The Federal Reserve resumed its tightening campaign at its July meeting after a brief pause last month, lifting interest rates by 25 basis points to 5.25%-5.50%, the highest in 22 years.
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EUR/USD appears to have stabilized ahead of the FOMC statement while EUR/JPY hints at a potential breakdown and the Japanese yen gains in popularity ahead of BoJ meeting
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Oil prices appear to have run out of steam as the recent rally hovered in overbought territory yesterday before a pullback this morning. Will the Fed deliver fireworks later this evening?
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