GBP/USD Resumes Bearish Ways As Fed Rate Cut Bolsters Greenback
GBP/USD fell steeply during Wednesday’s American market session, extending a decline through the 200-day Exponential Moving Average (EMA) and pushing Cable positioning even further into bear country.
AUD/USD Slips As Fed’s “Hawkish Cut” Dashes December Dovish Hopes
The Australian Dollar dropped on Wednesday after the US Federal Reserve cut rates by 25 basis points but signaled that the December’s meeting remains open, after Powell said that a cut is far from a done deal.
