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Lacois: Passive Income and Renko Charts: A Blog for Investors
Lacois: Passive Income and Renko Charts: A Blog for Investors

Master precision trading with Renko charts. Combine them with covered calls & DRIPs for passive income. Unlock financial freedom through strategic insights.

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Lacois: Passive Income and Renko Charts: A Blog for Investors

Master precision trading with Renko charts. Combine them with covered calls & DRIPs for passive income. Unlock financial freedom through strategic insights.

The Euro Settled at 1.2420 after the Non-Eventful FOMC

Posted on January 31, 2018January 24, 2023 By rosered44

The euro is back to where it was yesterday at 1.2420 after the FOMC meeting.

10264 The euro is back to where it was yesterday at 1.2420 after the FOMC meeting.

The EUR/USD began to move higher during the Asian session, and reached as high as 1.2480 during the European session before it drifted lower toward 1.2420 right before the FOMC rate decision announcement.

The announcement provided no surprises.  The interest rates were left unchanged.  The Fed’s goal to raise the rates to 2% this year remains the same, which means there will be 2 rate hikes.  The Fed also expected solid economic growth in the U.S., rising inflation, and a tight labor market.  All in all, the markets were not spooked in any way.

The interesting factor here is inflation.  While the U.S. is expecting the inflation to rise, the ECB is not. 

There has not been any trading activity from my MT4 EA since the last update.

The strategy can be found here.

The latest result can be found here.

Forex

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