๐บ๐ธ Happy FED Day! ๐บ๐ธ
Here's what to know ahead of today's #FOMC rate decision:
๐ Time of Release: 2:00 PM ET
๐ฆ Forecast: 5.50%
๐ Previous: 5.50%
๐ FOMC Statement: 2:00 PM ET
๐ค Powell Press Conference: 2:30 PM ET
๐ฐ #DXY. Update:
๐น Current Level:106.22
๐น The USD is trading higher as the Fed's two-day meeting begins.
๐น Market expects a hawkish hold with focus on Powell's messaging.
๐น USD boosted by higher employment cost index data.
๐ฐ Key Data to Watch:
๐น ADP Non-Farm Employment Change
๐น ISM Manufacturing PMI
๐ฐ USDJPY Update:
๐น Testing the golden Fibonacci level.
๐น Mixed opinions on future movement and potential Bank of Japan intervention.
๐ฐ Market Sentiment:
๐น Anticipating a dovish Fed to keep the dollar bid neutral.
Note: Only 1 Hours 45 Minutes Left
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