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The Fed and Swiss Bank increase interest rates


News of the day, Thursday, 16 June

The U.S. Federal Reserve raised rates by 0.75% to 1.75%, which is the largest rate hike since 1994.

Asian shares fell following the Fed’s decision, with Hang Seng down 1.31% and MSCI’s broadest index of Asia-Pacific shares outside Japan down 0.46%.

Oil prices …

EUR/USD currency pair analysis

The euro against the dollar was unable to break the resistance level 1.0475, as the bullish correction stopped near this level and then rebounded strongly and approached the main support level 1.0330. The price is likely to test it during the upcoming sessions and try to break it and reach …

GBP/USD currency pair analysis

The pound against the dollar failed to break the resistance level at 1.2185 and rebounded from it strongly to the downside, thus continuing the bearish path that is expected to extend to the 1.1900 level. With negative pressure from the moving averages and also from the stochastic indicator.

Therefore, the …

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