U.S Dollar Shines Ahead Of Fed Rate Decision!

USA J
USA J

Despite positive data from, the Euro-Zone, the U.K, Switzerland, and the flat U.S inflation data today, the US dollar rose as expectations that the fed will hike the rates tomorrow…

In Fed’s Oct statement, Fed officials said that they would contemplate a rate hike at their next meeting, set for Dec. 15-16…

As a result; the investors chose to buy the U.S dollar today. The EURUSD dips to 1.0904 levels, according to the 4-hour chart, the pair is under pressure as long as trades below the 1.0973 levels, support comes at the 1.0860 levels, above 1.0973 will restore the upside momentum and open the 1.1059 levels…

GBPUSD: so far, the pair dipped to 1.5028 levels, further down is likely towards the 1.4975 levels, immediate resistance comes at the 1.5106 levels ahead of the 1.5183 levels… (main)…

The US dollar index jumped to 98.29, further upside is likely towards the 98.75 levels…

Anyway, all majors will remain under pressure against the U.S dollar till tomorrow, will the Fed hike the rates????tomorrow¬†we’ll find out???

 

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