Wednesday, 29 January 2020

Fed Preview: US Dollar, Dow & Gold Performance on FOMC Decision Days

The latest FOMC interest rate decision is due for release today at 19:00 GMT. How have Fed meetings historically impacted performance in the US Dollar, Dow Jones and spot gold?

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US Dollar Forecast: USD at Risk as the Fed, GDP Loom – Charts to Watch

The US Dollar has rallied to an eight-week high on the back of solid economic data and return of volatility, but USD price action is at risk ahead of the Fed meeting and GDP data release on tap.

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US Dollar Perched at Highs Ahead of FOMC: Will USD Reverse?

The US Dollar has put in a strong showing through January, following an aggressive sell-off in Q4 of last year. But what might the Fed be looking to do in 2020?

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S&P 500, CAC 40, Crude Oil – Charts to Watch & More

It will be interesting to see if the S&P can continue to build on yesterday's rebound or start fizzling out, the CAC 40 looks vulnerable in Europe, crude oil is nearing major support.

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Canadian Dollar Price Forecast - Will USD/CAD Resistance Hold or Fold?

The Canadian dollar continues to weaken against the US dollar since the start of the year and USD/CAD is now bumping into strong resistance ahead of the latest FOMC meeting.

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British Pound (GBP) Latest: Sliding Lower as Brexit Day Nears

GBP/USD continues to fall amid ongoing “risk-off” sentiment in the markets but faces strong support from a trendline that once provided resistance.

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US Dollar May Bloom on FOMC Outlook, Corporate Earnings

The US Dollar may rise if the Fed provides an optimistic outlook against the backdrop of strong corporate earnings and ebbing coronavirus fears. EUR/USD may re-test November-lows.

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Tuesday, 28 January 2020

Crude Oil Prices Rise Again Despite Virus Fears, Fed Meet Eyed

Crude oil prices made small gains as Tuesday’s US stock market bounce saw risk appetite revive a little in Asia. The spread of coronavirus remains the markets’ prime concern though.

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USD/CAD Strength Following BoC Appears Exhausted Ahead of US GDP

USD/CAD struggles to retain the advance following the BoC meeting, and updates to the US GDP report may fuel the recent pullback if the data shows a slowing economy.

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Gold Price Outlook Hinges on FOMC Forward Guidance

It remains to be seen if the FOMC interest rate decision will influence the price of gold as the central bank is expected to keep the benchmark interest rate on hold.

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Australian Dollar Gains As 4Q CPI Inflation Beats Expectations

The Australian Dollar got a Wednesday lift on news that consumer prices rose at their strongest annualized pace for a year in 2019's final quarter. However underlying pricing power remains quite weak.

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Canadian Dollar and Crude Oil Prices Setting Up for a Reversal?

The Canadian Dollar rallied with crude oil prices, raising the question of reversals in USD/CAD and WTI. Wuhan Virus fears subsided for now as AUD/USD awaits Australian CPI data.

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Fed Meeting: US Dollar Volatility & FOMC Rate Decisions

Fed meetings have historically served as major catalysts for currency volatility in the US Dollar – take a look at how USD price action typically responds to FOMC interest rate decisions.

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Nasdaq 100 Forecast: Apple Beat to Bolster Tech Sentiment Ahead of Fed

The largest component of the three major US indices, Apple, reported robust earnings after the close and subsequently gapped higher despite lofty expectations. How will the Nasdaq 100 react?

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New Zealand Dollar Forecast: NZD/USD Weakness Weighs Ahead of FOMC

The New Zealand Dollar continued its slide versus the US Dollar while NZD/CAD and AUD/NZD have been engulfed by indecisiveness amid back-and-forth risk trends.

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USD Forecast: US Dollar at Risk as the Fed, GDP Loom – Charts to Watch

The US Dollar has rallied to an eight-week high on the back of solid economic data and return of volatility, but USD price action is at risk ahead of the Fed meeting and GDP data release on tap.

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Pre-FOMC Price Action Setups Around the US Dollar: GBP/USD, USD/CAD

Tomorrow brings the first FOMC rate decision in the New Year. But what appears to matter most is what they say might happen later this year.

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Sterling Price Outlook: British Pound Threatens Support- BoE Levels

Sterling is trading just above key uptrend support ahead of the FOMC / BoE interest rate decisions. Here are the levels that matter on the GBP/USD weekly chart.

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Silver (XAG) Price Forecast: Can Risk Aversion Fuel a Silver Rally?

A spike in risk aversion has helped bolster gold and silver early this week. Can silver continue higher despite looming resistance?

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Canadian Dollar Price Outlook: USD/CAD Breakout at Risk into FOMC

Canadian Dollar is straddling critical resistance and leaves the broader breakout vulnerable heading into FOMC. Here are the levels that matter on the USD/CAD charts.

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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...