Mixed Fed’s Statement Brings Mixed Market!

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The Fed’s speech today was somehow mixed, at a near-term it could be negative (dovish), but on a long-term, it could be positive (hawkish) .. Urgent: The speech showed the split of policymakers on inflation. As I see, this development could bring sideways market or in other words; the USD may consolidate with an upside bias in the medium term, in short term, it may correct lower a bit before going up again……..

Anyway, this is a breaking news, I’d like to keep an eye on the daily closure for USD Index first, for better understanding the impact of the meeting on the market. I’ll be back with updates soon, keep in mind that our technical analysis remains valid… stay tuned…

 

 

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