{"id":63537,"date":"2023-05-24T10:48:44","date_gmt":"2023-05-24T07:48:44","guid":{"rendered":"https:\/\/ironfx-com-php8.wp-dev.int.theitops.net\/?p=63537"},"modified":"2024-07-10T15:13:39","modified_gmt":"2024-07-10T12:13:39","slug":"feds-may-meeting-minutes-due-out-today","status":"publish","type":"post","link":"https:\/\/www.ironfx-id.com\/nl\/feds-may-meeting-minutes-due-out-today\/","title":{"rendered":"Fed\u2019s May meeting minutes due out today"},"content":{"rendered":"<p>During today\u2019s Asian session, the RBNZ Hiked by 25 basis points as was widely expected, however the banks forward guidance it was implied that the door for further rate hikes is open, having stated that \u201chigh interest rates are still needed to achieve the MPC\u2019s objectives.\u201d, despite the statement the markets appear to have priced in that the bank has reached its terminal rate, sending the Kiwi lower. Yesterday, the US Preliminary Manufacturing PMI for May came in lower than 50, indicative of a contraction in the sector. Furthermore, House Speaker McCarthy told House Republicans during a closed GOP meeting yesterday that they \u201care nowhere near a deal yet\u201d, intensifying fears that the US may default on its debt as the two sides appear to have reached an impasse and with the \u2018X-Date\u2019 nearing, market worries are intensifying day by day as a deal has not been reached. In the US Equities markets we note Apple\u2019s deal with chipmaker Broadcom Inc, for the development of chips domestically in the US, amplifying the desire of companies to reduce their dependency on Taiwan and Chinese made components as tensions continue to run high. The FOMC May meeting minutes are due out today, potentially indicative a dovish sentiment as the rhetoric from Fed Policymakers has been slightly dovish the past few days. Moving on to the European markets, today\u2019s UK CPI rates showed signs of persisting inflationary pressures in the economy, despite increasing at a slower rate. In the European equities market, we note EU Competition regulators appealing to the bloc&#8217;s highest court to force Apple to pay $14.3 billion in back taxes. In addition, we also note the decision by UK regulators to force Meta (#FB) to sell image platform Giphy to Shutterstock, citing competition concerns, further weakening investor confidence in the UK\u2019s appeal as an investment hub following the prohibition of Microsoft\u2019s and Activations $69 billion deal.<\/p>\n\n\n\n<figure class=\"wp-block-embed is-type-video is-provider-youtube wp-block-embed-youtube wp-embed-aspect-16-9 wp-has-aspect-ratio\"><div class=\"wp-block-embed__wrapper\">\n<iframe title=\"Fed\u2019s May meeting minutes due out today\" width=\"750\" height=\"422\" src=\"https:\/\/www.youtube.com\/embed\/OCMGwO1pGWs?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" allowfullscreen><\/iframe>\n<\/div><\/figure>\n\n\n\n<p>EUR\/USD appears to be moving in an upwards fashion, despite the RSI indicator currently having a figure of below 50, implying bearish tendencies. After failing to break below support at 1.0760 (S1) on two occasions, with the addition of the bouncing off from the RSI figure of 30, we now hold a bullish outlook for the pair. For our Bullish outlook to continue, we would like to see a clear break above the 1.0830 (R1) level with the next possible target for the bulls being the 1.0890 (R2) resistance ceiling. Should the bears take over we may see the pair breaking the 1.0760 (S1) support line and aim for the 1.0675 (S2) support level.<\/p>\n\n\n\n<p>AUD\/USD continued edging lower despite yesterday\u2019s Preliminary PMI figures, coming in higher than expected, with the pair currently testing support at 0.6595 (S1). We tend to maintain a bias for a bearish motion for the pair as the RSI indicator is below 50 and is currently near 30, implying a bearish sentiment. For our Bearish outlook to continue, we would like to see a clear break below support at 0.6505 (S2) with the next possible target for the bears being the 0.6415 (S3) support base. Should the pair find extensive buying orders along its path, we may see AUD\/USD breaking the 0.6660 (R1) resistance line and aim for the 0.6730 (R2) resistance level.&nbsp; &nbsp;<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-other-highlights-for-the-day\"><strong>Other highlights for the day:<\/strong><\/h2>\n\n\n\n<p>Today in the European session, we note the release of the UK\u2019s CPI rates for April, Germany\u2019s Ifo indicators for May and the UK\u2019s CBI trends for industrial orders for May. On the monetary front, we note that BoE Governor Bailey and ECB President Lagarde are due to speak . In the American session, we note for oil traders the release of the US EIA weekly crude oil inventories figure while on the monetary front, BoE Governor Bailey is to take the podium once again and Fed Board Governor Waller is also scheduled to make statements. The highlight of the day though may be the release of the Fed\u2019s May meeting minutes in the late American session.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-eur-usd-h4-chart\"><strong>EUR\/USD H4 Chart<\/strong><\/h2>\n\n\n\n<figure class=\"wp-block-image size-full\"><img fetchpriority=\"high\" decoding=\"async\" width=\"977\" height=\"473\" src=\"\/wp-content\/uploads\/2023\/05\/image-113.png\" alt=\"support at one point zero seven sixty  and resistance at one point zero eight thirty, direction upwards\" class=\"wp-image-63538\" title=\"eur-usd-four-hour-chart\"\/><\/figure>\n\n\n\n<p>Support: 1.0760 (S1), 1.0675 (S2), 1.0575 (S3)<\/p>\n\n\n\n<p>Resistance: 1.0830 (R1), 1.0890 (R2), 1.0975(R3)<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-aud-usd-h4-chart\"><strong>AUD\/USD H4 Chart<\/strong><\/h2>\n\n\n\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" width=\"977\" height=\"472\" src=\"\/wp-content\/uploads\/2023\/05\/image-114.png\" alt=\"support at zero point six five nine five and resistance at zero point six six six zero, direction downwards\" class=\"wp-image-63540\" title=\"aud-usd-four-hour-chart\"\/><\/figure>\n\n\n\n<p>Support: 0.6595 (S1), 0.6505 (S2), 0.6415 (S3)<\/p>\n\n\n\n<p>Resistance: 0.6660 (R1), 0.6730 (R2), 0.6815 (R3)<\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" width=\"1999\" height=\"486\" src=\"\/wp-content\/uploads\/2023\/05\/image-115.png\" alt=\"\" class=\"wp-image-63541\" title=\"benchmark-24-05-2023\"\/><\/figure>\n\n\n\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"1067\" height=\"618\" src=\"\/wp-content\/uploads\/2023\/05\/image-119.png\" alt=\"\" class=\"wp-image-63552\" title=\"table-24-05-2023\"\/><\/figure>\n\n\n\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"1583\" height=\"1124\" src=\"\/wp-content\/uploads\/2023\/05\/image-116.png\" alt=\"\" class=\"wp-image-63542\" title=\"morning-releases-24-05-2023\"\/><\/figure>\n\n\n\n<p class=\"translation-block\">If you have any general queries or comments relating to this article please send an email directly to our Research team at <a href=\"mailto:research_team@ironfx.com\" target=\"_self\">research_team@ironfx.com<\/a><\/p>\n\n\n\n<p>Disclaimer:<br>This information is not considered as investment advice or an investment recommendation, but instead a marketing communication. IronFX is not responsible for any data or information provided by third parties referenced, or hyperlinked, in this communication.<\/p>","protected":false},"excerpt":{"rendered":"<p>During today\u2019s Asian session, the RBNZ Hiked by 25 basis points as was widely expected, however the banks forward guidance<\/p>","protected":false},"author":15,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-63537","post","type-post","status-publish","format-standard","hentry","category-uncategorized","blog-category-financial-news","entry"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.3 (Yoast SEO v27.3) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Fed\u2019s May meeting minutes due out today<\/title>\n<meta name=\"description\" content=\"Discuss recent issues in the financial markets as well as comment on possible further possible development\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.ironfx.com\/nl\/wp-json\/wp\/v2\/posts\/63537\/\" \/>\n<meta property=\"og:locale\" content=\"nl_NL\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Fed\u2019s May meeting minutes due out today\" \/>\n<meta property=\"og:description\" content=\"Discuss recent issues in the financial markets as well as comment on possible further possible development\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.ironfx-id.com\/nl\/feds-may-meeting-minutes-due-out-today\/\" \/>\n<meta property=\"og:site_name\" content=\"Complete Turnkey Introducing Brokers (IB) Solution at IronFX\" \/>\n<meta property=\"article:published_time\" content=\"2023-05-24T07:48:44+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-07-10T12:13:39+00:00\" \/>\n<meta name=\"author\" content=\"IronFX Team\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.ironfx-id.com\\\/nl\\\/feds-may-meeting-minutes-due-out-today\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.ironfx-id.com\\\/nl\\\/feds-may-meeting-minutes-due-out-today\\\/\"},\"author\":{\"name\":\"IronFX Team\",\"@id\":\"https:\\\/\\\/www.ironfx-id.com\\\/nl\\\/#\\\/schema\\\/person\\\/6727476356d10030d1564b38f6e699b1\"},\"headline\":\"Fed\u2019s May meeting minutes due out today\",\"datePublished\":\"2023-05-24T07:48:44+00:00\",\"dateModified\":\"2024-07-10T12:13:39+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.ironfx-id.com\\\/nl\\\/feds-may-meeting-minutes-due-out-today\\\/\"},\"wordCount\":763,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\\\/\\\/www.ironfx-id.com\\\/nl\\\/#organization\"},\"articleSection\":[\"Uncategorized\"],\"inLanguage\":\"nl-NL\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.ironfx-id.com\\\/nl\\\/feds-may-meeting-minutes-due-out-today\\\/\",\"url\":\"https:\\\/\\\/www.ironfx-id.com\\\/nl\\\/feds-may-meeting-minutes-due-out-today\\\/\",\"name\":\"Fed\u2019s May meeting minutes due out today\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.ironfx-id.com\\\/nl\\\/#website\"},\"datePublished\":\"2023-05-24T07:48:44+00:00\",\"dateModified\":\"2024-07-10T12:13:39+00:00\",\"description\":\"Discuss recent issues in the financial markets as well as comment on possible further possible development\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/www.ironfx-id.com\\\/nl\\\/feds-may-meeting-minutes-due-out-today\\\/#breadcrumb\"},\"inLanguage\":\"nl-NL\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/www.ironfx-id.com\\\/nl\\\/feds-may-meeting-minutes-due-out-today\\\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/www.ironfx-id.com\\\/nl\\\/feds-may-meeting-minutes-due-out-today\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/www.ironfx-id.com\\\/nl\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Fed\u2019s May meeting minutes due out today\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/www.ironfx-id.com\\\/nl\\\/#website\",\"url\":\"https:\\\/\\\/www.ironfx-id.com\\\/nl\\\/\",\"name\":\"Complete Turnkey Introducing Brokers (IB) Solution at IronFX\",\"description\":\"&quot;Our Introducing Brokers program offers competitive conditions tailored to our partners&#039; needs. Become an IB and enjoy the highest market rebates.&quot;\",\"publisher\":{\"@id\":\"https:\\\/\\\/www.ironfx-id.com\\\/nl\\\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/www.ironfx-id.com\\\/nl\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"nl-NL\"},{\"@type\":\"Organization\",\"@id\":\"https:\\\/\\\/www.ironfx-id.com\\\/nl\\\/#organization\",\"name\":\"Complete Turnkey Introducing Brokers (IB) Solution at IronFX\",\"url\":\"https:\\\/\\\/www.ironfx-id.com\\\/nl\\\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"nl-NL\",\"@id\":\"https:\\\/\\\/www.ironfx-id.com\\\/nl\\\/#\\\/schema\\\/logo\\\/image\\\/\",\"url\":\"\\\/wp-content\\\/uploads\\\/2021\\\/07\\\/ironfx-forex-trading.jpg\",\"contentUrl\":\"\\\/wp-content\\\/uploads\\\/2021\\\/07\\\/ironfx-forex-trading.jpg\",\"width\":1200,\"height\":627,\"caption\":\"Complete Turnkey Introducing Brokers (IB) Solution at IronFX\"},\"image\":{\"@id\":\"https:\\\/\\\/www.ironfx-id.com\\\/nl\\\/#\\\/schema\\\/logo\\\/image\\\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/www.ironfx-id.com\\\/nl\\\/#\\\/schema\\\/person\\\/6727476356d10030d1564b38f6e699b1\",\"name\":\"IronFX Team\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"nl-NL\",\"@id\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/92d752eefdd58f84a80c87c45e25d421800364fdd26cd623e15031af029eebef?s=96&d=mm&r=g\",\"url\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/92d752eefdd58f84a80c87c45e25d421800364fdd26cd623e15031af029eebef?s=96&d=mm&r=g\",\"contentUrl\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/92d752eefdd58f84a80c87c45e25d421800364fdd26cd623e15031af029eebef?s=96&d=mm&r=g\",\"caption\":\"IronFX Team\"}}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Fed\u2019s May meeting minutes due out today","description":"Discuss recent issues in the financial markets as well as comment on possible further possible development","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.ironfx.com\/nl\/wp-json\/wp\/v2\/posts\/63537\/","og_locale":"nl_NL","og_type":"article","og_title":"Fed\u2019s May meeting minutes due out today","og_description":"Discuss recent issues in the financial markets as well as comment on possible further possible development","og_url":"https:\/\/www.ironfx-id.com\/nl\/feds-may-meeting-minutes-due-out-today\/","og_site_name":"Complete Turnkey Introducing Brokers (IB) Solution at IronFX","article_published_time":"2023-05-24T07:48:44+00:00","article_modified_time":"2024-07-10T12:13:39+00:00","author":"IronFX Team","twitter_card":"summary_large_image","schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.ironfx-id.com\/nl\/feds-may-meeting-minutes-due-out-today\/#article","isPartOf":{"@id":"https:\/\/www.ironfx-id.com\/nl\/feds-may-meeting-minutes-due-out-today\/"},"author":{"name":"IronFX Team","@id":"https:\/\/www.ironfx-id.com\/nl\/#\/schema\/person\/6727476356d10030d1564b38f6e699b1"},"headline":"Fed\u2019s May meeting minutes due out today","datePublished":"2023-05-24T07:48:44+00:00","dateModified":"2024-07-10T12:13:39+00:00","mainEntityOfPage":{"@id":"https:\/\/www.ironfx-id.com\/nl\/feds-may-meeting-minutes-due-out-today\/"},"wordCount":763,"commentCount":0,"publisher":{"@id":"https:\/\/www.ironfx-id.com\/nl\/#organization"},"articleSection":["Uncategorized"],"inLanguage":"nl-NL"},{"@type":"WebPage","@id":"https:\/\/www.ironfx-id.com\/nl\/feds-may-meeting-minutes-due-out-today\/","url":"https:\/\/www.ironfx-id.com\/nl\/feds-may-meeting-minutes-due-out-today\/","name":"Fed\u2019s May meeting minutes due out today","isPartOf":{"@id":"https:\/\/www.ironfx-id.com\/nl\/#website"},"datePublished":"2023-05-24T07:48:44+00:00","dateModified":"2024-07-10T12:13:39+00:00","description":"Discuss recent issues in the financial markets as well as comment on possible further possible development","breadcrumb":{"@id":"https:\/\/www.ironfx-id.com\/nl\/feds-may-meeting-minutes-due-out-today\/#breadcrumb"},"inLanguage":"nl-NL","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.ironfx-id.com\/nl\/feds-may-meeting-minutes-due-out-today\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/www.ironfx-id.com\/nl\/feds-may-meeting-minutes-due-out-today\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.ironfx-id.com\/nl\/"},{"@type":"ListItem","position":2,"name":"Fed\u2019s May meeting minutes due out today"}]},{"@type":"WebSite","@id":"https:\/\/www.ironfx-id.com\/nl\/#website","url":"https:\/\/www.ironfx-id.com\/nl\/","name":"Complete kant-en-klare oplossing voor introducerende brokers (IB) bij IronFX","description":"&quot;Our Introducing Brokers program offers competitive conditions tailored to our partners&#039; needs. Become an IB and enjoy the highest market rebates.&quot;","publisher":{"@id":"https:\/\/www.ironfx-id.com\/nl\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.ironfx-id.com\/nl\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"nl-NL"},{"@type":"Organization","@id":"https:\/\/www.ironfx-id.com\/nl\/#organization","name":"Complete kant-en-klare oplossing voor introducerende brokers (IB) bij IronFX","url":"https:\/\/www.ironfx-id.com\/nl\/","logo":{"@type":"ImageObject","inLanguage":"nl-NL","@id":"https:\/\/www.ironfx-id.com\/nl\/#\/schema\/logo\/image\/","url":"\/wp-content\/uploads\/2021\/07\/ironfx-forex-trading.jpg","contentUrl":"\/wp-content\/uploads\/2021\/07\/ironfx-forex-trading.jpg","width":1200,"height":627,"caption":"Complete Turnkey Introducing Brokers (IB) Solution at IronFX"},"image":{"@id":"https:\/\/www.ironfx-id.com\/nl\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/www.ironfx-id.com\/nl\/#\/schema\/person\/6727476356d10030d1564b38f6e699b1","name":"IronFX Team","image":{"@type":"ImageObject","inLanguage":"nl-NL","@id":"https:\/\/secure.gravatar.com\/avatar\/92d752eefdd58f84a80c87c45e25d421800364fdd26cd623e15031af029eebef?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/92d752eefdd58f84a80c87c45e25d421800364fdd26cd623e15031af029eebef?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/92d752eefdd58f84a80c87c45e25d421800364fdd26cd623e15031af029eebef?s=96&d=mm&r=g","caption":"IronFX Team"}}]}},"_links":{"self":[{"href":"https:\/\/www.ironfx-id.com\/nl\/wp-json\/wp\/v2\/posts\/63537","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.ironfx-id.com\/nl\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.ironfx-id.com\/nl\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.ironfx-id.com\/nl\/wp-json\/wp\/v2\/users\/15"}],"replies":[{"embeddable":true,"href":"https:\/\/www.ironfx-id.com\/nl\/wp-json\/wp\/v2\/comments?post=63537"}],"version-history":[{"count":0,"href":"https:\/\/www.ironfx-id.com\/nl\/wp-json\/wp\/v2\/posts\/63537\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.ironfx-id.com\/nl\/wp-json\/wp\/v2\/media?parent=63537"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.ironfx-id.com\/nl\/wp-json\/wp\/v2\/categories?post=63537"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.ironfx-id.com\/nl\/wp-json\/wp\/v2\/tags?post=63537"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}