Daily analytical report (22/09/16)
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Fed does nothing and makes everybody happy. Dots are lower but one hike still very probable this year.
Dovish comments makes USD weaker but good outlook on the economy pushes stocks higher. So it is generally good but not so good, well Fed style of communication, we got used to that.
EURUSD defended 1.113 support and goes higher triggering mid-term buy signal
GOLD one of the biggest winners after BoJ and Fed. 1310 USD/oz is safe.
USDCAD drops like a rock, combination of dovish Fed and stop losses triggering below 1.3130 support.
AUDUSD is about to deal with a long-term neckline, one more time…
WTI defends 43$/bbl support
USDJPY in a huge descending triangle formation. Price action says that it should eventually break the support.
Source:: Daily analytical report (22/09/16)