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Technical analysis from forex.com covers the US dollar ahead of the June 2024 FOMC meeting. The dollar held support between 103.88 and 104.08 after a weak manufacturing PMI and a strong services PMI and payrolls.
The focus shifts to the Fed's economic projections.
The price-action setup reflects expectations for Fed policy that move the dollar. This is routine market commentary with no new fundamental shock to commodity supply or demand.
forex.comJames StanleyJun 7, 2024Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
