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Breaking news

FOMC leaves rates unchanged as expected; SEPs show Fed to keep rates on hold through 2020

Real Time News
  • Risk appetite remains firm as the twisting US Treasury yield curve signals a relaxation in US recession fears. Get your market update from @CVecchioFX here:https://t.co/pHv6F27bLO https://t.co/i1P0UdzttT
  • Fed Chair Powell: - Standing repo facility is overshadowed by our focus on bill purchases and fundamental issues #FOMC $DXY
  • Powell says they would need to see a significant and persistent increase inflation before they would lift rates. Dollar takes it on the chin https://t.co/dFH2YbqMjk
  • Fed Chair Powell: - at 3.5% unemployment we still see slack in labor market #FOMC $DXY
  • Fed Chair Powell: - Some uncertainty around trade would be removed from USMCA #FOMC $DXY
  • $USD $DXY | US Dollar Index slumps to 97.10, its lowest level since August 09 as Powell speaks post-FOMC rate decision https://t.co/L4L8ii1gaa
  • The #FOMC announced it would not change the Federal Funds rate, fulfilling market expectations. Get your market update from @PeterHanksFX here: https://t.co/VzEhofaCst https://t.co/Xg9qOeA21D
  • Fed Chair Powell: - Inflation is a real challenge, but using tools as best we can #FOMC $DXY
  • Powell: Fed stance is modestly accomodative; would want to see a significant rise in inflation before considering a hike
  • #Gold prices pressing higher to trade at intraday highs as Powell underscores no rate hikes any time soon and how the Fed is firmly dedicated to lifting inflation. Language also seems to hint at openness toward increasing asset purchases IF it becomes appropriate $XAU $GLD $GC_F https://t.co/gC7Ag1ZZ9l
AUD/USD Pressing Resistance (again); Unchanged Over the Last Year

AUD/USD Pressing Resistance (again); Unchanged Over the Last Year

2017-03-16 20:08:00
Jamie Saettele, CMT, Sr. Technical Strategist


AUD/USD Pressing Resistance (again); Unchanged Over the Last Year

Chart Prepared by Jamie Saettele, CMT

DailyFX Trading Guides and Forecasts

-AUD/USD is back at the top of the range. Since the April 2016 top, every poke above .7700 has failed. I wrote last update that “the October and December 2015 highs at .7380 is of interest as long as price is under the February high.” .7380s might not be in the cards following the surge from near the 200 day average. I’m on breakout alert.

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