🇺🇸 Happy FED Day! 🇺🇸
Here's what to know ahead of today's #FOMC rate decision:
🕒 Time of Release: 2:00 PM ET
🏦 Forecast: 5.50%
📉 Previous: 5.50%
📜 FOMC Statement: 2:00 PM ET
🎤 Powell Press Conference: 2:30 PM ET
🔰 #DXY. Update:
🔹 Current Level:106.22
🔹 The USD is trading higher as the Fed's two-day meeting begins.
🔹 Market expects a hawkish hold with focus on Powell's messaging.
🔹 USD boosted by higher employment cost index data.
🔰 Key Data to Watch:
🔹 ADP Non-Farm Employment Change
🔹 ISM Manufacturing PMI
🔰 USDJPY Update:
🔹 Testing the golden Fibonacci level.
🔹 Mixed opinions on future movement and potential Bank of Japan intervention.
🔰 Market Sentiment:
🔹 Anticipating a dovish Fed to keep the dollar bid neutral.
Note: Only 1 Hours 45 Minutes Left
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