The pound, the euro, and other major currencies rose against the US dollar in initial response to the Federal Reserve's decision to raise US interest rates by 25 basis points.
The following are the most recent pieces of Forex technical analysis from around the world. The Forex technical analysis below covers the various currencies on the market and the most recent trends, technical indicators, as well as resistance and support levels.
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With investors leaning toward the Federal Reserve raising US interest rates by 25 basis points and fending off rising market expectations for a rate cut later in the year,
The GBP/USD has moved higher in early trading this morning, building on upwards momentum generated late on Wednesday after the U.S. Federal Reserve acted.
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The USD/INR is near the 82.1500 ratios as of this writing having essentially started the day’s trading session with a large gap lower.
In Wednesday's trading session, the S&P 500 experienced a minor pullback, primarily driven by investors taking profits ahead of the crucial FOMC meeting.
Silver experienced an initial rally during Wednesday's trading session as markets eagerly await the FOMC statement.
The DAX has been relatively quiet during the trading session on Wednesday as the markets wait for the FOMC results.
Natural gas markets experienced a slight decline during Wednesday's trading session, with the possibility of threatening the $2.00 level.
The AUD/USD has experienced a rally, as market participants eagerly await the results of the FOMC meeting and the subsequent interest rate situation.
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Gold markets have experienced a period of relative calm during Wednesday's trading session, as investors anxiously await the Federal Reserve's statement and results from the FOMC meeting.
The GBP/USD exchange rate experienced a slight rally during Wednesday's trading session as market participants awaited the results of the FOMC meeting.
The West Texas Intermediate (WTI) Crude Oil market experienced modest gains during Wednesday's trading session, as market participants awaited the results of the FOMC meeting.
The Euro experienced a slight rally during Wednesday's trading session, testing the 1.08 level, an area known for its previous resistance.
The US dollar experienced a slight rally during Wednesday's trading session, indicating signs of life as the market anticipates the FED rate decision.
The GBP/USD price continued its recovery process after the latest interest rate decision by the Federal Reserve and the strong UK consumer inflation data.