FED Minutes Released:
· Even if economic data is improving, there will be no recent changes in interest rates,
· Many FED members believe that the downward pressure in inflation is temporary,
· Some FED members said that if there is an upward pressure on inflation, interest rate hikes can be made,
· Some FED members do not have vote for any interest rate cuts even if inflation is below 2%.
· Trade wars between the US and China are not given much space in the minutes,
XAUUSD remains under bearish pressure.
As described on the chart.
· Even if economic data is improving, there will be no recent changes in interest rates,
· Many FED members believe that the downward pressure in inflation is temporary,
· Some FED members said that if there is an upward pressure on inflation, interest rate hikes can be made,
· Some FED members do not have vote for any interest rate cuts even if inflation is below 2%.
· Trade wars between the US and China are not given much space in the minutes,
XAUUSD remains under bearish pressure.
As described on the chart.
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