NOK traders will be on their toes as the Norges Bank prepares to release its rate decision which many are anticipating will be a hike. However, after today’s FOMC meeting, the question is can they afford to?
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Wednesday, 20 March 2019
Caveats to a EURUSD Break and Questions for S&P 500 Slip After Fed
The Fed has made clear that it is easing up the reigns on normalization, but the favorable turn in monetary policy is being met with the same lackluster response as the seeming turn in trade wars. What does this mean for markets and trading?
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Nikkei 225 Technical Analysis: Uptrend Hangs On, But Looks Tired
The Nikkei 225 has risen reliably for much of this year, but its rise is starting to appear a little stretched. Bulls need to challenge the top of both range and up-channel
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Gold Price Forecast Brightens amid Drop in US Treasury Yields
Gold prices may see further gains as US Treasury yields continue their break lower in the near-term.
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Australian Dollar Gains As Jobless Rate Falls Below 5%
The Australian Dollar spiked up on news that domestic unemployment had fallen below 5% for the first time since 2011. Job creation slowed markedly though.
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US Dollar Down, S&P 500 Shows Weakness After Decidedly Dovish Fed
The US Dollar fell as the S&P 500 trimmed sharp gains on a more dovish Fed that downgraded economic projections and rate hike estimates. AUD/USD may rise on a rosy jobs report.
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Currency Volatility: Brexit Latest Puts UK and British Pound at EU’s Mercy
The British Government officially stated the UK will not leave the EU on March 29, but PM Theresa May has requested a Brexit extension to June 30.
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NZDUSD Uptrend Extends, 4Q GDP Data Ebbs Near-Term Showdown Fears
NZD/USD unexpectedly rose, closing at its highest since December on lackluster fourth quarter New Zealand GDP data which might have reduced near-term economic slowdown fears.
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Dow Jones Grasps for Direction After Dovish Fed, Weaker Dollar
The March meeting of the Federal Reserve brought sobering US growth forecasts with it. Now, the Dow Jones must balance a dovish Fed with a weaker domestic economy.
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Slowing New Zealand GDP to Rattle Post-Fed NZD/USD Rally
New Zealand’s GDP report may rattle the NZD/USD rally following the FOMC meeting as the growth rate is expected to narrow to 2.5% from 2.6% in the third-quarter of 2018.
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US Dollar Dives After March FOMC Meeting Reveals Dovish Fed
The US Dollar added to recent losses as Federal Reserve officials struck a dovish tone in March’s monetary policy meeting after disappointing growth and inflation forecasts.
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How Central Banks Impact the Forex Market
Central banks play a major role in the economy. Learn how their policies and interest rate hikes can impact currency trading.
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Oil Weekly Price Outlook: Crude Rally Testing Critical Resistance Zone
Crude oil has rallied nearly 10% from the yearly low with price now testing a key technical resistance zone. Here are the levels that matter on the WTI weekly chart.
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FOMC Preview: EUR/USD to Eye Monthly-High on Dovish Forward-Guidance
A material shift in the Federal Reserve’s forward-guidance may fuel the recent advance in EUR/USD if the FOMC shows a greater willingness to abandon the hiking-cycle.
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Gold, EURUSD Test Resistance as USD Goes into FOMC on Back Foot
Today's FOMC rate decision takes place amidst a backdrop of short-term USD-weakness, running in contrast to the bigger-picture theme of strength. Will Dollar bulls make a comeback?
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US Market Open: Top 3 Market Drivers - Brexit, FOMC and Trade Risk
Brexit continues to direct Sterling while the latest FOMC meeting later today will shape US dollar moves in the short-term. In the background, US-China trade talks continue to garner market attention.
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Trading Outlook for Gold Price, Crude Oil, Dow Jones & More
Gold is vulnerable to selling in the days ahead, crude oil continues to be steadily higher but reaching towards resistance, while stocks may be due for a set-back but remain constructive.
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Sterling (GBP) Price Slips on Renewed Brexit Confusion, UK Inflation Stable
Sterling slips back to near the bottom of its recent trading range as Brexit confusion continues to weigh on the currency. A 3-month Brexit delay, among other options, is mooted but nothing has been confirmed yet.
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FTSE Technical Analysis – Support on Dip, New Levels of Resistance Targeted
The FTSE has put together a nice rally the past few days, a break above one area of resistance has another area in focus with the prior ceiling becoming a floor on a dip.
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Crude Oil Price - Next Move Will be Driven by US-China Trade Outcome
Crude oil continues to trade near its multi-month high but a break higher will need a fresh impetus with the outcome of US-China trade talks the probable driver.
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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...
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The Nikkei 225 has bounced at important long-term support and staged a modest turnaround. However, its down-channel endures and will need to...
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AUD prices remain hesitant ahead of the FOMC announcement later today. US PPI will also contribute to recent economic data. from DailyFX -...