Wednesday, 9 October 2019

US Dollar Gyrates as FOMC Minutes Underscore Divided Fed



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Quantitative Easing (QE) Explained: Central Bank Tool for Growth

What is quantitative easing (QE) and how do central banks like the Fed and ECB use it? Learn how QE supplements monetary policy when rate cuts don’t cut it.

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75 Years Later, The Lessons of Bretton Woods Have Been Forgotten

The 75th anniversary of the Bretton Woods conference was at the end of July, and the concerns that were present in 1944 are reasserting themselves as significant threats to the global economy in 2019.

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US Dollar Gains Limited Ahead of FOMC Minutes - Key Levels for DXY Index & USD/JPY

The DXY Index has made little progress in recent days, and as a result, prices have begun to coil ahead of the September FOMC minutes.

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China Open to Partial Trade Deal, GBP/USD Volatile, FOMC Minutes in Focus - US Market Open

Risk sentiment and high beta currencies (AUD, NZD) have been boosted, while safe-havens suffer following the latest source reports, which noted that China are open to a partial trade deal.

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US Dollar Price Action Setups: EUR/USD, GBP/USD, AUD/USD, USD/CAD

The US currency continues with little direction so far this week, but a busy set of drivers can change things very quickly in USD.

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Crude Oil Price Building a Familiar Trading Pattern

Crude oil has turned higher off recent support in the last few days but needs to push much higher if it is to confirm a fresh bullish outlook.

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Brexit Latest - Talk That EU is Ready to Offer UK Major NI Concession

In the last few minutes, market talk that the EU is ready to offer the UK a major concession on the Northern Ireland backstop in attempt to break the current Brexit gridlock.

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Brexit News: Negotiations Collapsing, Sterling (GBP) Under Pressure

Brexit negotiations teeter on the edge of collapse, just days before the EU leaders meet at what is seen as the last opportunity to strike a deal. Sterling volatility is ratcheting up.

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Tuesday, 8 October 2019

US Dollar, Euro Brace for FOMC Minutes, IMF Global Growth Update

The US Dollar may rise vs the Euro if the FOMC meeting minutes undercut dovish expectations from the markets. Volatility may also be amplified by the IMF’s update on world growth.

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USD/CAD Rate Fails to Test September High Ahead of FOMC Minutes

USD/CAD fails to test the September-high (1.3383) ahead of the FOMC Minutes, but the shift in trade policy may keep the exchange rate afloat amid the snag with the USMCA.

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Asia Stocks Head Lower As Hopes Fade For US-China Trade Talks

Progress always looked like being hard-won at this week’s high-level meeting in Washington, but the backdrop has darkened and investor doubts are growing.

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Crude Oil, Gold Prices Turn to FOMC Minutes After Powell Comments

Crude oil and gold prices will be now turning to the release of the FOMC meeting minutes after Jerome Powell’s comments at the NABE conference in Denver sent markets an interesting message.

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AUD/USD Eyes 2019-Low as China Pledges to Retaliate to US Blacklist

AUD/USD appears to be on track to test the 2019-low (0.6671) as the exchange rate carves a fresh series of lower highs and lows.

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AUD Hit. Consumer Confidence Wilts Despite Sub-1% Interest Rates

The Australian Dollar took a hit when news crossed the wires that a key measure of consumer confidence was at a four-year low

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GBP/USD Dips on Brexit Woes as USD/JPY Falls on Trade War Fears

The British Pound slumped over rising concerns of a “no-deal” Brexit at the end of this month while the Japanese Yen rallied as US-China tensions sent the S&P 500 down 1.52 percent.

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Gold Price Forecast: XAU/USD ETF Holdings Surge to 6-Year Highs

The total known holdings of gold via the exchange traded fund market have surged to their highest since February 2013. The continuous demand for gold could help to boost the commodity’s price.

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US Dollar Price Volatility Report: FOMC Minutes & Powell Eyed

US Dollar forex traders will likely turn to another Powell speech and the September FOMC minutes release for the latest details on Fed official's monetary policy and economic outlook.

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Dow Jones & DAX 30 Forecasts: Indices Show Signs of Vulnerability

The Dow Jones and DAX 30 find themselves in similar technical positions, treading water above their 200-day moving averages. Another fundamental deterioration could see the levels tested.

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Oil Price Outlook: Crude Collapses into Critical Support– WTI Levels

Crude oil prices have collapsed more than 19% off the September highs with the decline now testing key support. Here are the levels that matter on the WTI weekly chart.

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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...