FOMC disappoints market...but...

22/3/2018
FOMC disappoints market.

Early this morning, the FOMC increased interest rates to 1.75% but did not provide a strong indication for 4 rate increases this year. This resulted in the USD losing ground across all major currency pairs. Chair Powell provided a positive but measured press conference.

Today, we are likely to see the USD regain some strength as the market recovers from the news.
Beyond Technical AnalysisEUREURUSDForexSELLTrend AnalysisUSD

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