Instrument: EURUSD
Bullish Preference:
Buy position is envisaged if price trades above 1.07907 with take profit at 1.07941
Bearish Preference:
Sell position is envisaged if price trades below 1.07717 with take profit at 1.07677
Fundamentals:
2:30pm USD Core PPI m/m
USD PPI m/m
8:00pm USD Federal Funds Rate
USD FOMC Economic Projection
USD FOMC Statement
8:30pm USD FOMC Press Conference
Comment:
The U.S. dollar edged higher in early trade Wednesday, boosted by sticky inflation ahead of the latest Fed meeting, while sterling is hit by weak growth numbers.
However, recent signs have pointed to a soft landing, as the Federal Reserve meets for the final time this year, concluding later today.
Analysis: SCRUM Team