The pair is correcting down after yesterday's growth amid the outcome of the Fed’s meeting and the speech of its head Jerome Powell. But despite the decline of the pair, market participants will use it to resume its purchases.
Technical side:
The price is located above the middle Bollinger band, …
Wednesday, April 28th, today’s news—markets are mixed amid the earnings reports and ahead of the Fed's meeting. Deutsche Bank reported the best profit in seven years, The Fed is expected to confirm its easy monetary policy even as economic recovery is picking up pace, dollar and Treasury yields are up. The price …
The pair is consolidating in anticipation of the Fed’s meeting outcome and especially Jerome Powell’s speech. If he hints at a certain time frame for a downward change in the volume of purchases of government bonds, this will lead to a decrease in the price of the pair. At …
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