The big picture of course is something that we have to pay attention to, as the interest rates continue to move wildly.

19:00 GMT, United States, Interest Rate Decision

Actual 3.75%

Forecast 3.75%

Previous 3.75%

The FOMC decided to keep US interest rates wi…

DXY edged higher by 0.3% on Wednesday, rising from a session low near 98.57 to trade close to 98.91 in the wake of the FOMC decision.

BNY’s Bob Savage relays National Institute of Economic and Social Research (NIESR) analysis that an escalation of the Iran conflict and prolonged Strait of Hormuz closure could severely hit the United Kingdom (UK) economy.

The 200 bar MA is at 0.58259. A break below would be move bearish. The 100 bar MA is at 0.58675

The Dollar Index (USDIDX) is gaining for the second consecutive session, adding another 0.15% an hour before the final Fed decision under Jerome Powell’s leadership. The US cur…

USD/JPY trades higher on Wednesday around 160.25, up 0.40% on the day and reaching a one-month high, close to the March 30 peak at 160.46.

USDJPY currency pair recently reversed from the support zone between the key support level 157.50 (which stopped the previous correction iv) and the lower daily Bollinger Band.

The EURUSD price settles lower during its recent intraday trading, preparing to break the key support at 1.1690, with the continuation of the negative and dynamic pressure that is represented by its trading below EMA50, reducing the chances for the price recovery on the near-period, especially with its trading alongside bearish corrective trend line on the short-term basis, noticing the negative signals from the relative strength indicators.

The GBP/USD pair is broadly sideways around 1.3500 during the European trading session on Wednesday. The Cable consolidates as investors await monetary policy announcements by the Federal Reserve (Fed) and the Bank of England (BoE).