Market sentiment turned negative on Tuesday, November 18, as investors recalibrated their expectations regarding the Federal Reserve's interest rate trajectory. The USD faced pressure against major currencies, with the EUR/USD trading at 1.0890, reflecting a modest gain of 0.25%. The dollar index slid 0.3%, indicating a broader loss in the greenback's appeal amid cautious trading.
The market's reassessment stemmed from recent economic data and comments from Fed officials that suggested a more hawkish stance might be necessary to curb inflation. Consequently, the GBP/USD dipped to 1.2715, while the AUD/USD showed resilience, holding at 0.6445. As traders digest these developments, volatility is expected to persist, with key support and resistance levels being closely monitored for potential breakout opportunities.
About FX Killer Trader Incubation Program
Want to become a professional trader? FX Killer offers a completely free professional trader training program. We provide systematic courses, practical training, and professional mentorship to help you grow from beginner to full-time trader.
👉 Join Free Training Program | Trading Psychology Assessment
Data Source: FX Killer Analysis Team Updated: 2025-11-18 06:52
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.