Wednesday, 27 July 2022

S&P 500 Rallies to Six-Week-Highs, US Dollar Sinks to Support on FOMC

The Fed hiked by 75 while keeping the door open for more, and this led to a strong response in stocks as the S&P 500 hit a fresh six-week-high.

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ECB Leaves Rates Unchanged, Rate Cut Looms, EUR/USD Steady Ahead of Press Conference

The European Central Bank left all three official rates unchanged as expected. Traders are now focusing on the press conference for any clue...