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Breaking news

Federal Reserve Leaves Interest Rates Unchanged, Maintains Monthly Asset Purchases

Real Time News
  • Both the S&P 500 and $DXY are up immediately after the statement. Has the Fed executed the perfect dismount? (some olympics pun in there)
  • Fed leaves rates unchanged, QE unchanged, announces two new repo facilities, and only says that "progress" - but not "substantial" -has been made. Bond markets are seeing this with an ever-so-slightly hawkish hue; long-end flattening, butterflies show higher intermediate rates.
  • The Fed has cut another line from its massive stimulus program by saying they have made progress towards criteria for Taper. Their principal hurdle is now the warning around the Covid economic risk https://t.co/VdjspRzJqO
  • Standing Repo Facility Summary: - Will take Treasuries, Agencies, Agency MBS - Standing Repo Facility Rate will be 0.25% - Operation limit of $500 B, effective July 29
  • Federal Reserve announces launch of Standing Repo Facility, effective July 29 $USD $DXY
  • $USD catching a quick bid after the statement release. support plays out https://t.co/gDaVJFc604 https://t.co/oy4UJS0R3V
  • The Fed holds rates - no surprise. But says it has made progress towards its economic goals as a precondition of taper: https://t.co/7nqJDDzqYC
  • 🇺🇸 Fed Interest Rate Decision Actual: 0.25% Expected: 0.25% Previous: 0.25% https://www.dailyfx.com/economic-calendar#2021-07-28
  • Indices Update: As of 18:00, these are your best and worst performers based on the London trading schedule: France 40: -0.15% US 500: -0.18% FTSE 100: -0.21% Germany 30: -0.23% Wall Street: -0.39% View the performance of all markets via https://www.dailyfx.com/forex-rates#indices https://t.co/kHQEDOnDc4
  • Here is my scenario table again for the #FOMC decision. Focus is on the statement and the Press conference https://t.co/SPKmSrDcuy
USDCHF Bears Reject Run at 9400

USDCHF Bears Reject Run at 9400

Jamie Saettele, CMT, Sr. Technical Strategist

Daily Bars

eliottWaves_usd-chf_body_usdchf.png, USDCHF Bears Reject Run at 9400

Prepared by Jamie Saettele, CMT

“The USDCHF has responded to the April pivot of 9251. Still, treat strength as corrective until evidence is sufficient to warrant a bullish bias. The next bearish level of interest is the gap from May at 9184. After trading into congestion from the 9/12 and 9/13 highs, the USDCHF spent most of Monday trading lower. Favor the downside below Monday’s high (9391). Exceeding that level would shift focus to 9410/30.

LEVELS: 9238 9284 9319 9391 9420 9483

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.

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