The Federal Reserve decided to keep the current policy unchanged as widely expected, with no additional information about the timing of the tapering. In fact, in this meeting, the Fed mentioned tapering twice only.
NZD/USD: tipping out
2020-05-21 • Updated
Since the beginning of May, the NZD/USD has been moving within a larger channel within the support A-A' at 0.5924 and the resistance B-B' at 0.6150. Recently it appears to have completed the upswing A'-B' and is tipping out, bouncing down from the resistance of 0.6150. The question is whether it will make a local drop to test the support of the Moving Averages, all gathered below 0.6060, or it will go lower to visit the tactical and psychological support at 0.6000. If the latter takes place, very likely it will not stop until it comes down to complete the full cycle at 0.5924.
Support: 0.6060; 0.6000; 0.5924
All eyes are headed towards the Federal Reserve's decision today, which is likely to have a notable impact on the markets, depending on what the Fed decides to say.
What will happen? FOMC statement will be announced at 21:00 MT (GMT+3) on Wednesday, July 27…
As we discussed in the previous article devoted to gold, the price is growing extremely fast after a dovish FOMC’s statement…
What happened? Facebook presented an earnings report on July 28…
In our FOMC Meeting live coverage on YouTube yesterday, we sent out a short signal on USD/JPY around 25 minutes after the decision and right before the press conference.