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<p>The US dollar has strengthened 20-30 pips across the board following the FOMC statement and US equities have fallen.</p><p>Powell has developed a recent reputation for delivering comments that are more-dovish than the FOMC statement, so we could see these moves fade in the run-up to his press conference, which will start at 2:3

<p>The full statement from the January 2024 Federal Reserve meeting:</p><p>January 31, 2024</p><p>Federal Reserve issues FOMC statement</p><p>For release at 2:00 p.m. EST</p><p>Recent indicators suggest that economic activity has been expanding at a solid pace. Job gains have moderated since ear

<ul><li>Prior was 5.25-5.50%</li><li>Recent indicators suggest that economic activity has been expanding at a solid pace</li><li>Removes reference to 'additional policy firming'</li><li>The Committee does not expect it will be appropriate to reduce the target range until it has gained greate

<p> The early Statistics Canada estimate for 1.2% annualized growth in Q4 is well above the Bank of Canada's MPR forecast for a flat reading. It came as November GDP rose 0.2% compared to the 0.1% advanced reading and December accelerated to +0.3% m/m.</p><p>CIBC highlights that the upside surprise came from sectors where sup

<ul><li>Attack in Jordan was planned by umbrella group called Islamic Resistance of Iraq</li></ul><p>I wonder if the White House is repeatedly saying this as some kind of a bluff? Or saying it because they're planning to strike in Iran (drone factories?) but still want to dissuade Iran from fighting back?</p>

<ul><li>Inflation is a smaller problem, but is still a challenge</li></ul><p>They're all singing from the same choir book.</p> This article was written by Adam Button at www.forexlive.com.

<p>Saddle up and get ready to the FOMC decision at 2 pm ET. As a reminder, there won't be an updated dot plot released with this decision but Federal Reserve Chairman Jerome Powell will hold his usual press conference at 2:30 pm ET.</p><p>As a reminder, here is the most-recent FOMC decision and I've highlighted portions

<p>The EURUSD raced higher in the US morning session but after breaking through the 200 day MA and moving up toward the 100 bar MA on the 4-hour chart, momentum faded and the price rolled over.</p><p>THe price has since moved back down toward the 200 day AM at 1.0840. That MA will be the barometer […]

<p>The price of crude oil is down around -$2.00 on the day or -2.56% and in the process is testing the 200 hour MA at $75.78. The last time the price tested that MA, although the price briefly moved below, the buyers stalled the fall, and pushed the price higher. Do buyers come in again? […]

<p>European stocks held up better than in the US ahead of the FOMC decision. French industrial data was poor but German CPI was below estimates.</p><ul><li>Stoxx 600 -0.1%</li><li>German DAX -0.5%</li><li>UK FTSE 100 -0.3%</li><li>French CAC -0.3%</li><li>Italy MIB +0.5%</li