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Summary

Just at the market US opening bell, Ed Ponsi continued the real-time, interactive technical and fundamental analysis of the Forex markets. View and analyze live charts and news, uncover opportunities for upcoming trades, and answer participants questions.

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Editors’ Picks

AUD/USD: Extra gains in the pipeline above 0.6520

AUD/USD: Extra gains in the pipeline above 0.6520

AUD/USD partially reversed Tuesday’s strong pullback and regained the 0.6500 barrier and beyond in response to the sharp post-FOMC pullback in the Greenback on Wednesday.

AUD/USD News

EUR/USD meets support around 1.0650

EUR/USD meets support around 1.0650

EUR/USD managed to surpass the key 1.0700 barrier in response to the intense retracement in the US Dollar in the wake of the Fed’s interest rate decision and Chair Powell’s press conference.

EUR/USD News

Gold prices skyrocketed as Powell’s words boosted the yellow metal

Gold prices skyrocketed as Powell’s words boosted the yellow metal

Gold prices rallied sharply above the $2,300 milestone on Wednesday after the Federal Reserve kept rates unchanged while announcing that it would diminish the pace of the balance sheet reduction. 

Gold News

Ethereum plunges outside key range briefly as US Dollar Index gains strength

Ethereum plunges outside key range briefly as US Dollar Index gains strength

Institutional whales appear to be dumping Ethereum after recent dip. Fed’s decision to leave rates unchanged appears to have helped ETH's price recover slightly. SEC Chair Gensler has misled Congress, considering recent revelations from Consensys suit, says Congressman McHenry.

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The FOMC whipsaw and more Yen intervention in focus

The FOMC whipsaw and more Yen intervention in focus

Market participants clung to every word uttered by Chair Powell as risk assets whipped around in a frenetic fashion during the afternoon US trading session.

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