On the H4, NZDUSD formed an expanding wedge pattern after a prolonged rise. The price bouncing off the upper trend line almost reached a vital support area, which creates two possible options. If the price falls below the support at 0.6100, breaking the lower trend line, a fall to 0.6040 can be expected; A rebound […]
Markets Markets took it slow yesterday. Neither consensus-matching European CPI (0.2% m/m, 2.5% y/y) nor the policy panel at Sintra featuring ECB president Lagarde and Fed chair Powell really moved the needle. The latter said that disinflation returned in April and May but wants additional evidence before contemplating cuts. He added, however, that risks are […]
The post FOMC June Meeting Minutes Will Offer Some Insights into the Debate appeared first on Action Forex.
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