Dollar eases slightly, stocks edge up, yields dip after FOMC ...Middle East

The initial reaction to the FOMC rate decision is for a marginally lower dollar:EURUSD: The EURUSD moved to a new session high and in the process extended above the 200-hour moving out of 1.06902, but still remains below its 100-hour moving average of 1.07018. As noted in the video before the decision, getting about both the 200 and 100-hour moving averages are needed to increase the bullish bias. So far that has not happened.USDJPY: The USDJPY is modestly lower, but remains above the swing area outlined in the video outlining key levels through the release at 157.23. The 100-hour moving average at 156.994 is also a level that would need to be broken to increase the bearish bias. GBPUSD: Th

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Last updated : 01 May 2024 clock 09:17 PM

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Dollar eases slightly, stocks edge up, yields dip after FOMC ...Middle East

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