US DOLLAR GAINS AFTER FED'S HAWKISH PAUSE IN TODAY'S FOREX MARKET

New Zealand's Q2 GDP figures will be made public during the Asian session. Thursday's focus on central banks continues after the Federal Reserve, with the Bank of England's and the Swiss National Bank's choices garnering the most attention.

WHAT YOU SHOULD BE AWARE OF ON THURSDAY, SEPTEMBER 21 IS AS FOLLOWS:

The Federal Reserve unanimously decided to maintain interest rates at 5.25-5.50%. Comparing the statement to the July meeting, there were little differences. FOMC members predicted that, necessary before the year is through. During the press conference, Fed Chair Powell made it clear that the “dot plot” is not a strategy.

Analysis from NBC on the Fed meeting:

The FOMC to maintain one more raise before the year is out. Additionally, the eventual inferred speed of relaxing has pushed out, even though may not change compared to June.

On Thursday, when further US data including the weekly Jobless Claims, the Philly Fed, and Existing Home Sales are due, the effects of the Fed meeting will still be felt.

A US government will be approved before the end of the week in order to prevent a shutdown in October.

The 4.40%, the highest level since 2007, and the 2-year yield rose to 5.17%, a level last seen in 2006. The Greenback received support from higher yields. Stocks on Wall Street to hold onto gains. The Nasdaq fell by 1.53% and the Dow Jones fell by 0.22%.

The EUR/USD currency pair abruptly changed direction from 1.0730 and fell to 1.0650, showing that the bearish trend is still in place. The Consumer Confidence Index for the Eurozone is expected on Thursday. The PMIs on Friday are the most important economic data of the week.

The Bank of England's decision was impacted by the unexpectedly negative UK inflation statistics. The release of the data, but subsequently, the odds became more evenly split, favoring a halt. The BoE will make on Thursday, which is expected to cause volatility. The Monetary Policy Committee's conclusion and vote will be market participants.

Following the release of the data, GBP/USD hit a low of 1.2331 before bouncing back to 1.2420 and then reversing course to hit new lows of 1.2330.

TD SECURITIES ANALYSTS DISCUSS THE BOE AND RECENT UK DATA:

The MPC softens its forward guidance and votes hold, effectively indicating the end of the hiking cycle. However, Wednesday's downside shock to August inflation and concerns about tepid GDP growth and the MPC to soften its forward guidance.

When USD/JPY was trading above 148.00 early on Wednesday. The pair subsequently began to retrace its steps before rising to 148.30 after the Fed meeting. If the pair continues to move above 148.50.

Despite reaching its best daily close since late May, On Thursday, the Swiss National Bank will announce its decision.

NZD/USD surged to its highest level in two weeks at 0.5985 before losing all of those gains and closing the 20-day Simple Moving Average (SMA) at 0.5930. On Thursday, New Zealand will release data on credit card spending and Q2 GDP growth.

Because of a strong US Dollar and the market, failed to hold above 0.6500 and fell below 0.6450.

After losing all of their gains after the Fed, the Fed reaffirmed the “higher for longer” dictum, gold fell from its peak around $1,950 to $1,930. Silver rose to a high of $23.50 before falling back to $23.20.