GBPAUD hits Target

Stuart Cowell HFM

GBPAUD hits Target – GBPAUD hits intra-day target set in the morning after 1.6500 level rejected. Meanwhile based on today’s closing a possible Long Daily position might taken. Currently we are looking ahead Oil inventories and the significant FOMC statement. In FOMC meeting today, no major changes are expected . The Fed is universally expected to leave its 1.00% to 1.25% rate band in place. Additionally, it’s unlikely that the Committee will announce the start of the balance sheet unwind, or quantitative tightening, QT, just yet. The rate decision is mostly dependent on inflation at this point and the slowdown in price pressures should keep policy on hold for now.

Author

Stuart Cowell

HFM

With over 25 years experience working for a host of globally recognized organisations in the City of London, Stuart Cowell is a passionate advocate of keeping things simple, doing what is probable and understanding how the news, c

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