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Hello everyone, today Avatrade Aihua Foreign Exchange will bring you "[Aihua Ava Foreign Exchange Decision Analysis]: The decisive battle against the Federal Reserve! The risk of the war may make the "voy sound" linger?". Hope it will be helpful to you! The original content is as follows:
Finance markets remained relatively calm early Wednesday as investors awaited policy announcements from the Federal Reserve. In addition to policy statements, the U.S. central bank will also release a revised summary of economic forecasts (SEP). The U.S. Economic Calendar will release the number of unemployment claims and new home starts for the first week of May.
The US dollar (USD) benefits from safe-haven flows as www.avaforexcn.comments from U.S. President Donald Trump suggest that the United States may be directly involved in the Israeli-Iran conflict. "We now have total control over the sky in Iran," Trump said, adding that Ayatollah Ali Khamenei was "an easy target." The U.S. dollar index rose 0.7% on Tuesday, while major Wall Street indexes fell 0.7% to 1% on the day. In early Wednesday, the U.S. dollar index remained at a negative value area around 98.50, while U.S. stock index futures rose slightly.
The market generally expects that the Federal Reserve will maintain its policy interest rate within the range of 4.25%-4.5%. Interest rates, inflation and growth forecasts in the SEP may trigger market reactions. Later in the meeting, Fed Chairman Jerome Powell issued a policy statement and answered media questions.
Basic foreign exchange market trends:
Euro/USD rebounded after falling more than 0.5% on Tuesday and stabilized above 1.1500. Later this trading day, several European Central Bank (ECB) policy systemsThe finalist will make a speech.
The UK's National Statistics Office reported earlier on Thursday that, as expected, annual inflation in the UK, measured by changes in the Consumer Price Index (CPI), fell slightly from 3.5% in April to 3.4% in May. Monthly, CPI rose 0.2% after rising 1.2% last month. The GBP/USD did not respond immediately to these data, and the last trading price rose slightly above 1.3450 on the day. The Bank of England will announce its interest rate decision on Thursday.
Data from Japan showed that during the early Asian session, machine orders fell by 9.1% month-on-month in April. The U.S. dollar/yen fell slightly after closing ups in the first three trading days, trading around 145.00 in the European session on Wednesday.
Bulle market fundamentals:
Gold consolidation sideways, slightly higher than US$3,380.
WTI crude oil fell by more than 2.00% during the day and is now at US$73.66 per barrel; Brent oil is now down 1.9%.
Analysis of major currency trends:
Euro: The intraday bias of the euro/dollar remains neutral at this point. A further rebound is expected when the 1.1372 support level is intact. Breakthrough of 1.1572 will continue the upward trend from 1.0176. The next target is a 61.8% forecast from 1.1064 to 1.1927 to 1.0176 to 1.1572. However, a breakout of 1.1372 support will indicate a short-term peak and turn down to get a deeper pullback.
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