US Dollar tumbles across the board after FOMC statement. Fed leaves rates unchanged as expected, signals no rate hike over the rest of the year. Powell’s press conference to start at 18:30 GMT. The US dollar dropped across the board following the release of the FOMC statement. Equity price rose and US yields decline. The EUR/USD pair was hovering around 1.1350 before the release of the FOMC statement and then jumped to 1.1414, reaching the highest level since March 1. The pair was holding near the top with a strong bullish momentum. The Federal Reserve kept rates unchanged as expected at 2.25-2.50%. The projections from the FOMC staff show no hikes in 2019 and one hike in 2020 and a downgrade to growth forecasts. The central bank announced a taper in the balance sheet rolloff. The reduction program will end in September. EUR/USD Levels to watch To the upside, resistance levels might be seen at 1.1420, 1.1450 and 1.1480/85. On the flip side, support could now be located at 1.1345 (US session low), 1.1320 (20-day moving average) and 1.1305 FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next GBP/USD jumps as Fed statement says “No rate hikes this year only one in 2020” FX Street 4 years US Dollar tumbles across the board after FOMC statement. Fed leaves rates unchanged as expected, signals no rate hike over the rest of the year. Powell's press conference to start at 18:30 GMT. The US dollar dropped across the board following the release of the FOMC statement. Equity price rose and US yields decline. The EUR/USD pair was hovering around 1.1350 before the release of the FOMC statement and then jumped to 1.1414, reaching the highest level since March 1. The pair was holding near the top with a strong bullish momentum. The Federal Reserve kept rates… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
