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The ADP comes in weaker and sends the dollar lower ahead of the FOMC decision.

Get a detailed technical analysis of the EURUSD, USDJPY, and GBPUSD ahead of the FOMC rate decision on Feb 1, 2023.
The US ADP employment report came in weaker than expected, leading to a drop in the value of the US dollar. The Fed is expected to raise rates by 25 basis points to 4.75%, making it crucial to watch what Fed Powell has to say.
This morning's forex technical report provides an in-depth look at the technical levels, bias, risk levels, and targets of these major currency pairs. Stay informed and be prepared.
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