There is arguably just one to take note of on the day, as highlighted in bold below.
There’s been a mixed reaction to the Fed so far as broader markets are still digesting the developments from yesterday. The dollar is firmer but stocks look to be bouncing back, though it doesn’t take much to convince dip buyers these days. But amid a slight bounce back in the dollar, we are seeing large expiries in EUR/USD come into play.
The one today will be at the 1.1800 mark and could very well play a part in locking price action and acting more as a magnet. That as traders continue to duke it out in trying to figure out the balance in which broader markets are leaning after the Fed.
That said, the Fed decision is one that seems to have something for everyone. So, it might be tough to tip the scales too heavily on the hawkish or dovish side with what’s priced in by markets at this stage.
For more information on how to use this data, you may refer to this post here.
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