🔵 To make things clear for everyone today:
🔹 At 18:00 GMT, the US interest rate decision will be announced, and it is expected to remain at 5.50%.
🔷 The detailed announcement won't be as important as Fed Chair Powell's speech, which will begin half an hour after the interest rate decision.
⬅️ There are two possible scenarios:
🔷 Scenario 1: The Federal Reserve celebrates the decline in inflation and announces a rate cut in September, causing the dollar to drop sharply.
🔷 Scenario 2: The Federal Reserve remains vague about the timing of the next rate cut, tying it to economic data, which would disappoint the markets and push the dollar higher.