Overview: FED meeting today about the interest rate!!!Today, fundamentally, it's a important day for the U.S. Dollar. So, we hope between the short-term and medium-term a recuperation of the U.S. economic. Because, if you noticed it, the indicators of all U.S. economical calendar showing a recovery of the economy in the unemployment, aid, aid financial, and more that Federal Government want to help and support unemployment and companies.
Keys Fundamentals:
1. Dollar down ahead of FED meeting
2. Dollar edges lower; FED meetin looms large
3. The FED meeting is the main event in town, being the central bank's first get together since FED Chairman Jerome Powell announced a more relaxed approach to inflation at the Jackson Hole Symposium in late August.
4. Francesco Pesole wrote in the research note that Federal Reserve latest policy shift has fueled expectations that rates will stay lower for longer until 2028 to get a target to 2%. and is therefore offereing-and will likely continue offer in the foreseenble future-a reason to stick to US Dollar shorts position and hold the American currency a sell-the-rally approach on any US Dollar signs of reprise.
So, I believe that United States it's going to reprise the economic and there open up the economic and businness commerce that was in bad conditions of the covid-19, we hope to medium term a recuperation of the U.S. Dollar against the enemy par.
Also guys, the position in short was activated in hours of the night on my country Puerto Rico at 3 a.m. New York's time.
So, good luck of this trade!!!
