Fed meetings tend to cause above-average volatility in the US Dollar. Here's how EUR/USD, GBP/USD, USD/JPY, USD/CAD, AUD/USD and USD/CHF typically respond to FOMC rate decisions.
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Tuesday, 9 June 2020
Nasdaq 100 Breaches 10,000 for the First Time Ever, Bulls Rejoice
The Nasdaq 100 topped 10,000 for the first time ever as tech stocks continue to rally despite broader uncertainty in the underlying economy. Will this peak fuel a continuation higher?
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FTSE 100 Forecast: Gap Fill Leads to Quick Reversal, Is There Conviction?
The FTSE 100 recently filled a topside price gap, but quickly reversed lower. Will this move be met with conviction or can the Fed buoy market sentiment yet again?
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EUR/USD Weakness Continues as The US Dollar Catches a Pre-FOMC Bid
The latest set of hard Euro-Zone data confirmed the ongoing weakness in the single-block, while German exports crashed to a series low. EUR/USD continues to move lower ahead of Wednesday’s FOMC mee...
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DAX 30 & Euro Stoxx 50 Outlook: Reaching a Turning Point?
European indices taking a breather from its recent upside. Sizeable retracement raises questions over a turning point.
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British Pound (GBP) Latest: GBP/USD Rate Struggles to Break Resistance
The recent strength of GBP/USD is being held back by resistance at the 200-day moving average while the decline in EUR/GBP has halted at trendline support.
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Euro Fails at Resistance as Federal Reserve Expands Lending Program
The Euro struggled to close above an important psychological barrier as the Federal Reserve expanded its Main Street Lending Program, pushing EUR/USD into overbought territory
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Monday, 8 June 2020
XAU/USD Gains as US Dollar Sinks, Crude Oil Prices May Turn Lower
Gold prices rallied as WTI crude oil struggled to capitalize on gains in the S&P 500. XAU/USD still remains in consolidation with oil appearing at risk to a turn lower.
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AUD/USD Rate Eyes July 2019 High as Overbought RSI Reading Persists
AUD/USD may work its way towards the July 2019 high (0.7082) as it extends the series of higher highs and lows from last week, while the RSI sits in overbought territory.
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Copper Surges Into Overbought As Silver Erases Yearly Losses
Copper price surge from yearly low triggers overbought readings for the first time since 2018 as Silver eyes February high after erasing yearly losses.
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New Zealand Dollar Outlook: AUD/NZD, GBP/NZD, NZD/CHF
The New Zealand Dollar may rise versus the Australian Dollar with GBP/NZD facing the risk of a deeper selloff as NZD/CHF approaches what could be a key turning point.
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Gold Price Fails to Clear May Low Ahead of FOMC Rate Decision
The price of gold retraces the decline following the unexpected rise in US Non-Farm Payrolls (NFP) as the Federal Reserve expands the Main Street Lending Program.
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WTI Crude Oil Turns to Growth Trends as OPEC Bounce Fades
Crude oil prices rallied following news that OPEC agreed to extend record production cuts, but tightened supply is only half the problem in a world of dwindling demand.
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AUD/USD Price Outlook: Australian Dollar Rips Above 0.7000
AUD/USD price action rips above the 0.7000-handle as Aussie shorts throw in the towel and help drive the pro-risk Australian Dollar to its January opening level ahead of the FOMC meeting scheduled ...
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Canadian Dollar Forecast: USD/CAD Attacks Support Ahead of FOMC
USD/CAD started the week off with weakness as the pair continues to probe Fibonacci support we outlined previously. Will Wednesday’s FOMC rate decision stall the descent, or spark another lunge lower?
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Gold Price Outlook: Gold Snaps Back, Starts Week with Support Bounce
Gold prices are starting the week with strength following last week's sell-off. Long-term overbought conditions remain - can bulls push through?
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US Dollar Outlook: DXY Down as USD/JPY & USD/CAD Drive Lower
USD price action still struggles to find a bid even with the broader US Dollar Index trading at a twelve-week low as USD/JPY recoils and USD/CAD extends its decline.
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Nasdaq 100, DAX 30 & FTSE 100 Forecasts: Will the Recovery Continue?
The Nasdaq reached fresh heights on Friday despite an ever more complicated fundamental landscape as President Trump floated the idea of auto tariffs on the EU. How might this impact the week ahead?
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Markets Week Ahead: Dow Jones, US Dollar, Gold Prices, Fed, Sentiment
The Dow Jones, S&P 500 and Nasdaq Composite soared as the haven-linked US Dollar and gold prices dropped. A blowout jobs report raised expectations of a swift economic recovery. Ahead, all eyes tur...
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GBP/USD, EUR/GBP and FTSE 100 Latest Outlook - UK Market Webinar
UK asset markets may get a leg-up if reports that the government may unwind lockdown measures sooner rather than later are true. GBP/USD traders should also look ahead to Wednesday’s FOMC meeting.
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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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Fundamentals can seem overwhelming, but identifying and isolating the key driver behind a currnecy or capital can help refine our evaluation...
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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....