So, Fed meeting came and went. And it is for sure that it left something in its wake, that is for sue. So, what was the decision of Fed on interest rates and what is going to wait for us the future?

It seems that after all, American economy is lacking stimuli. For the third time in a row Fed meetings are ending with the same results – cut interest rates. Does this mean that the business is really bad for USD now? Well, seeing how Fed is promising us a pause after this cut, they are hoping that all of the measures taken are going to be enough to stabilize American economy in the wake of trade war.

Dollar itself did not take the news lightly. We can see that the chart for American currency slid immediately after the decision became known to the public. Despite of the signs of a breakout, it is still unclear whether traders are ready to come back to USD after such a decision was announced. It is possible that another rally is going to take us some time and is going to some very slowly.

Watch out for the currencies that might use this opportunity to surge against the greenback. Pay extra attention to pound and euro that have always been the next in line for volatility after the greenback itself.

Do not miss any of the breakouts with our trading signals.