🇺🇸 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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