FOMC meeting Minutes were published yesterday evening. There was nothing new in them but the market did seem to expect a bit more hawkishness. An absence of a clear signal that rates will go up in December was perhaps the main driver behind the broad dollar selling that followed the publication.
Cable rose to as high as 1.5295 in the hours after the release. 1.5300 - 1.5340 band, which includes 50 and 200 DMA, is the first stronger resistance before the confluence of 100 DMA and the descending t…
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