Wednesday, 26 September 2018

NAFTA Uncertainty Surpasses Fed, RBNZ Volatility. USD/CAD Reverses

Both the US and New Zealand Dollar saw high volatility on the Fed, RBNZ rate decisions. But USD/CAD held on to directional bias amidst NAFTA uncertainty. Asia Pacific shares may fall.

NZD/USD Buoyed by RBNZ Comments. Trade Wars and Consumer Confidence Next.

The New Zealand Dollar gained against its US namesake, as the RBNZ kept its OCR at 1.75% and noted signs of inflation pick-up. Trade wars may cause a reversal, however.

Dow Jones Drops as the Fed Hikes: Support Potential Remains

The Dow is dropping after the third rate hike out of the Fed this year, but it was the removal of a supposedly inconsequential word from the statement that appeared to get attention.

USD Undecided After Fed Hikes Rates to 2.00%-2.25%, Powell Speech

The US Dollar saw a slight bump during Fed Chairman Powell’s news conference where he soothed concerns about a change in the Fed’s language.

US Dollar Index Forecast: Every Hike Takes Us Closer to Cycle’s End

US Dollar Bulls appear to be a needy bunch. Despite the most favorable fundamental backdrop via the Fed, the US Dollar continues to sell-off and now faces critical support.

Weekly Technical Perspective on the Canadian Dollar (USD/CAD)

The US Dollar is down more than 3% against the Loonie since the June highs with major event-risk on tap. Here are the key levels that matter on the USD/CAD weekly chart.

US Dollar Tests Resistance at Prior Support Ahead of the Fed

Today brings the Federal Reserve's September rate decision to markets, and there isn't much question around today's 25 basis point hike. But what happens next?

USD Firms Ahead of FOMC Decision, Oil Eases on API Build - US Market Open

The US Dollar is firmer ahead of the FOMC rate decision. Expectations is for the Federal Reserve to raise interest rates by 25bps to 2.00-2.25%.

Preview for September FOMC Meeting and Outlook for US Dollar

The Federal Reserve will definitely issue a 25-bps rate hike today, but that much is already priced in for the US Dollar.

Bitcoin, Ether, Ripple, Litecoin - Charts Mixed and of Interest | Webinar

The cryptocurrency market remains in a bear trend, but a couple of the larger tokens are showing signs of a potential pull-back – will they play out?

S&P 500, Dow Jones and Nasdaq Eying Further Gains, Fed Provides Risk

Markets remain somewhat cautious ahead of the FOMC rate decision, in which the central bank is expected to raise interest rates.

Trading Outlook for EUR/USD, USD/JPY, Gold Price & More

The euro is trying to make good on a breakout from last week as the Fed arrives, traders can use the channel in USD/JPY as a guide, while avoiding gold until a break occurs.

GBPUSD Outlook Buffeted by FOMC Rate Outlook and Brexit News

Sterling’s relief rally off the recent 1.3055 level against the US dollar has stalled for now with prices trading in a tight range. Volatility is likely to return as the FOMC rate decision and the latest Brexit news hove into view.

Brent Crude Oil Price Ignores Trump, Reachest Highest Since 2014

The price of Brent crude oil continues to advance strongly despite US President Donald Trump’s calls for producers to increase output.

FTSE Chart Analysis – Rally Picks Up Pace, Has Prior Lows to Overcome

The FTSE has continued to rally with momentum since bottoming earlier this month; it has resistance at hand, but a break above could put the index in open space for further gains.

EURGBP Technical Outlook: DownTrend Remains in Place

EURGBP continues to nudge lower, after hitting a recent one-year high just under 0.9100, as the contentious Italian budget release nears.

USD Price at Risk as the FOMC Prepares to Raise US Interest Rates

The USD could fall back after the Federal Reserve increases US interest rates later today.

US Dollar May Celebrate Even a Status Quo Fed Policy Stance

The US Dollar may find scope for gains even if the Federal Reserve delivers a status quo announcement as policy divergence retakes the spotlight from sentiment trends.

Tuesday, 25 September 2018

USD Prices Eye Fed, Powell for Next Trend Move as Asia Stocks Up

The US Dollar, which has been in a near-term downtrend, eyes the Fed rate decision and Chair Jerome Powell for its next move. Asia Pacific benchmark stock indexes traded higher, NZD rose.


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Gold, Crude Oil Prices May Fall as US Dollar Gains After FOMC

Gold and crude oil prices may fall as the US Dollar gains following a much-anticipated monetary policy announcement from the Federal Reserve.


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ECB Leaves Rates Unchanged, Rate Cut Looms, EUR/USD Steady Ahead of Press Conference

The European Central Bank left all three official rates unchanged as expected. Traders are now focusing on the press conference for any clue...