Fed Downplays Yield Curve Control, US Dollar Bounce, But For How Long?

Risk appetite has taken a slight hit with the US Dollar underpinned following the lack of policy hints in the FOMC minutes

from DailyFX - Market News https://ift.tt/3geLGib
via IFTTT

British Pound (GBP) Latest: GBP/USD Sell-Off a Dollar Driven Event, GBP/NZD Testing 200-DMA

The sharp sell-off in cable on late Wednesday was primarily driven by a reversal higher in the US dollar after the FOMC nudged back further forward guidance.

from DailyFX - Market News https://ift.tt/2CJ4ybz
via IFTTT

USD Index Outlook: DXY Recovery May Fizzle Out Ahead of US Jobs Data

The US Dollar index ‘s (DXY) recent recovery may fizzle out as investors eye upcoming US jobless claims data.

from DailyFX - Market News https://ift.tt/2CIgKJw
via IFTTT

Gold Price Drop May Continue as Fed Stimulus Hopes Unravel

Gold prices slumped after minutes from July’s FOMC meeting signaled the Fed is no hurry to expand its stimulus toolkit. Deeper losses look likely ahead.

from DailyFX - Market News https://ift.tt/32bPxaX
via IFTTT

USD/CAD Forecast: RSI Divergence Indicates Failed Test of January Low

The RSI for USD/CAD indicates a failed attempt to test the January low (1.2957) as the indicator deviates with price after struggling to push into oversold territory.

from DailyFX - Market News https://ift.tt/3j07dgC
via IFTTT

AUD/USD Rates May Rise as Iron Ore Prices Soar to Multi-Year High

The AUD/USD exchange rate may rise on the back of soaring iron ore prices and falling Covid-19 case numbers in Australia’s second most populous state.

from DailyFX - Market News https://ift.tt/2CMf41M
via IFTTT

Nasdaq Falls After Fed Minutes. ASX 200, Straits Times May Open Lower

The Nasdaq Composite fell 0.57% from the record high after the release of the Fed minutes. The ASX 200 and the Straits Times Index may follow the US stocks lower. The US Dollar index surged 0.77%.

from DailyFX - Market News https://ift.tt/34hTXQm
via IFTTT

NZD/USD Rebound Fizzles as FOMC Minutes Foreshadow Change in Guidance

NZD/USD pulls back from the weekly high (0.6651) as the Federal Open Market Committee (FOMC) Minutes foreshadow a change in the forward guidance for monetary policy.

from DailyFX - Market News https://ift.tt/34m7Blv
via IFTTT

S&P 500 and Gold Prices Wobble into Wall Street Close, AUD/USD May Fall

The S&P 500 and gold prices wobbled after the FOMC minutes undermined yield curve control bets. The AUD/USD may be vulnerable if Asia Pacific equities follow Wall Street lower.

from DailyFX - Market News https://ift.tt/326FaoS
via IFTTT

US Dollar & Treasury Yields Climb on Fed Meeting Minutes

The US Dollar and Treasury Yields are driving higher in response to July 2020 Fed meeting minutes that just crossed the wires, which highlighted a muted pace of asset purchases as market functionin...

from DailyFX - Market News https://ift.tt/2FGluR5
via IFTTT

Dow Jones Forecast Largely Unchanged After Fed Minutes Despite Losses

The Dow Jones suffered minor losses following Wednesday’s FOMC minutes release. Still, the longer-term outlook remains conducive for further stock strength.

from DailyFX - Market News https://ift.tt/3hqdSAl
via IFTTT

Gold Price Wavers as USD Jumps Post-FOMC Minutes

Gold price action is tumbling as the US Dollar snaps sharply higher immediately after the July 2020 FOMC minutes release.

from DailyFX - Market News https://ift.tt/2FFwFti
via IFTTT

US Dollar Cautious Ahead of FOMC, NZD/USD Flying High - US Market Open

Tentative session ahead of the FOMC minutes. Kiwi flying high despite negative rate calls, while UK inflation jumps.

from DailyFX - Market News https://ift.tt/31cfsQt
via IFTTT

Euro Dollar Outlook: Price Action Stalls Ahead of FOMC

After nine consecutive weeks of gains, EUR/USD price action stalls ahead of FOMC

from DailyFX - Market News https://ift.tt/3kXayP6
via IFTTT

Canadian Dollar Forecast: Key USD/CAD Levels to Watch

USD/CAD downtrend remains firmly intact as USD selling theme dominates pair. Risks for 1.30 handle.

from DailyFX - Market News https://ift.tt/3iVmv65
via IFTTT

Canadian Dollar Forecast: Key USD/CAD Levels to Watch

USD/CAD downtrend remains firmly intact as USD selling theme dominates pair. Risks for 1.30 handle.

from DailyFX - Market News https://ift.tt/324Xq1N
via IFTTT

British Pound (GBP) Latest: GBP/USD Prints a Fresh Yearly High, UK Inflation Picks Up

The latest ONS inflation release showed price pressures picking up in the UK as lockdown measures were eased. GBP/USD remains elevated after Tuesday’s rally.

from DailyFX - Market News https://ift.tt/31a6WS7
via IFTTT

DAX 30 Index Eyeing Yearly Highs as German Bunds Approach Key Resistance

Germany’s DAX 30 index may push to fresh yearly highs as German Bunds struggle to breach key chart resistance.

from DailyFX - Market News https://ift.tt/34ceWUs
via IFTTT

Crude Oil Prices Eye OPEC+ Meeting. Will Gold Rise on FOMC Minutes?

Crude oil prices are eyeing the upcoming OPEC+ online meeting and EIA inventory data. Will gold prices extend recent gains on the FOMC meeting minutes?

from DailyFX - Market News https://ift.tt/2EjI553
via IFTTT

Gold Price Stages V-Shape Rebound with Federal Reserve Minutes on Tap

The FOMC Minutes may do little to derail the V-shape rebound in the price of gold as the crowding behavior in the US Dollar looks poised to persist.

from DailyFX - Market News https://ift.tt/2YbY6kY
via IFTTT