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Dow Jones Technical Analysis - The all-time high is in sight

Last week, the Fed hiked interest rates by 25 bps bringing the FFR to 5.25-5.50% as widely expected. The policy statement was left unchanged, so the market couldn’t get any signal for the next moves. In fact, the focus was not on the decision itself, but on the forward guidance. Fed Chair Powell in his press conference repeated the message that they are data dependent and that all options are on the table, which means that they could either hike in September if the data remains strong or pause i... Read More

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Posted: Jul 31 2023, 08:33

Author Name: forexlive

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