US FED FOMC Press Conference and it's impactUS FED Update:
Fed leaves rates unchanged for third straight meeting which was on expected line (Little bit of relief for the anxious ones). (Neutral to Positive)
Fed accepts that growth of economy "has slowed" since Q3 2023. (Neutral)
Fed says they are committed to bring down inflation to 2%. (Neutral to Positive)
Most Fed officials see interest rate cuts in 2024.(Positive)
Median projection shows 3 rate cuts in 2024 (Positive).
Overall it will give steroid dose to Global/Indian Markets.🚀🚀🚀. #FOMC #Powell
Nohike
SELL EURUSD towards range lows 1.07Looks like the pullback after the Brexit after a monster sell-off is fading out, 6E analysis tells us from VSA prospective that buying is going on diminishing volume with small culminations at the tops. 1.11 is the level to sell towards 1.07-1.06. It will be reinforced by extra liquidity from ECB and Draghi "euro death spell" and fears of further EUxits. Expect then a strong rebound on suitable news events, like "NO HIKE" admission from Yellen.