Market news:
Fed's June interest rate meeting - kept interest rates unchanged for the fourth consecutive time. The dot plot shows two rate cuts this year, but the number of officials who expect no rate cuts this year has risen to 7, and the rate cut expectations for next year have been reduced to 1. Powell continues to call for uncertainty, and the current economic situation is suitable for waiting and watching. He also expects tariff-driven inflation to rise in the coming months.
Technical analysis:
Today's buying and selling boundaries:
1.1489
Support and resistance levels:
1.1558
1.1532
1.1516
1.1463
1.1446
1.1420
Trading strategy:
If the price breaks through 1.1489, consider buying in, with the first target price of 1.1516
If the price breaks through 1.1463, consider selling in, with the first target price of 1.1446
Fed's June interest rate meeting - kept interest rates unchanged for the fourth consecutive time. The dot plot shows two rate cuts this year, but the number of officials who expect no rate cuts this year has risen to 7, and the rate cut expectations for next year have been reduced to 1. Powell continues to call for uncertainty, and the current economic situation is suitable for waiting and watching. He also expects tariff-driven inflation to rise in the coming months.
Technical analysis:
Today's buying and selling boundaries:
1.1489
Support and resistance levels:
1.1558
1.1532
1.1516
1.1463
1.1446
1.1420
Trading strategy:
If the price breaks through 1.1489, consider buying in, with the first target price of 1.1516
If the price breaks through 1.1463, consider selling in, with the first target price of 1.1446
Trade active
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.