GBPUSD: Opportunity to explode
The dollar traded virtually unchanged at the start of the European session Wednesday, consolidating ahead of the release of manufacturing inflation data and the Fed's latest policy meeting minutes.
The USD has fallen quite a bit in recent sessions, despite growing political instability due to the conflict that broke out over the weekend between Hamas and Israel, as dovish comments from some Federal Reserve officials The state has raised hopes that the Fed is nearing the end of its interest rate hike cycle.
The USD has fallen quite a bit in recent sessions, despite growing political instability due to the conflict that broke out over the weekend between Hamas and Israel, as dovish comments from some Federal Reserve officials The state has raised hopes that the Fed is nearing the end of its interest rate hike cycle.
Comment:
The US dollar traded virtually unchanged in early European hours on Wednesday, following a holding pattern ahead of the release of key inflation data as well as the minutes of the Federal Reserve's most recent meeting .
TAKE PROFIT: 1.2310
STOP LOSS: 1.2200