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USD’s upside hope killed
Price has increased in the second part of the day and has managed to resume the minor upside momentum. The greenback was ruined by the FOMC and now could drop much deeper versus all its rivals. GBP/USD moves within an ascending channel, maintains a bullish perspective in the upcoming period, even if we’ll have a minor consolidation in the upcoming weeks. As you already know, the Federal Reserve has maintained the monetary policy unchanged, the Federal Funds Rate remains steady at 1.25%, matching expectations, but unfortunately these decisions have demolished the USD. USDX plunged after the FOMC Statement and now is ... (full story)