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Pre-FOMC Price Action Setups: DXY, EUR/USD, Gold, GBP/USD, USD/CAD
Fed day is almost upon us as the bank’s September rate decision is scheduled for tomorrow. There’s minimal expectation for any actual change at that meeting but there is the widely held belief that the bank will use tomorrow’s meeting to set the stage for the rest of the year. With that said, it makes little sense to be too confirmed in either direction as the bank will get more data before the next rate decision on November the 1st, so we’re likely in for the usual smattering of ‘data dependency’ that we’ve become accustomed to over the past few months. But, how strongly they indicate another possible ... (full story)