The market stays cautious before the NFP tomorrow and also Jerome Powell next move as a new FED. What have we decided to do? Work on the Cross Pairs.
The Federal Open Market Committee (FOMC) is firmly committed to fulfilling its statutory mandate from the Congress of pro- moting maximum employment, stable prices, and moderate long-term interest rates. The Committee seeks to explain its monetary policy decisions to the public as clearly as possible. Such clarity facilitates well-informed decision making by households and businesses, re- duces economic and financial uncertainty, in- creases the effectiveness of monetary policy, and enhances transparency and accountability, which are essential in a democratic society.
Inflation, employment, and long-term inter- est rates fluctuate over time in response to eco- nomic and financial disturbances. Moreover, monetary policy actions tend to influence eco- nomic activity and prices with a lag. Therefore, the Committee’s policy decisions reflect its longer-run goals, its medium-term outlook, and its assessments of the balance of risks, includ- ing risks to the financial system that could im- pede the attainment of the Committee’s goals. Read More @ https://www.federalreserve.gov/monetarypolicy/files/FOMC_LongerRunGoals.pdf
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