AUD/USD continues to bounce along the 50-Day SMA (0.7738) ahead of the Federal Reserve interest rate decision as the exchange rate defends the 2021 low (0.7564).
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Wednesday, 17 March 2021
SA Retail Sales Slump: USD/ZAR Reaction and Price Outlook
Worse than expected retail sales data continues the disappointing trend in the retail sector even as Covid-19 restrictions ease
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Currency Volatility Highest Since US Election: What to Watch for Fed Decision
Fed takes center stage as all eyes shift towards dot-plot projection. Currency implied volatility signals big move.
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GBP/USD Braces for Volatility as The Fed and BoE Prepare to Give Their Latest Views
With both the Fed and the BoE giving their latest monetary policy decisions, and thoughts, over the next 24 hours, GBP/USD is likely to become increasingly volatile.
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IBEX 35, FTSE MIB Forecasts: European Indices Struggle to Overcome Short-Term Resistance
European equities are lacking buyer support ahead of the FOMC interest rate decision
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USD/JPY Outlook: Flattening JGB Yield Curve Ahead of FOMC Expectations
All eyes shift toward central banks this week with the Federal Reserve up first. Whether or not interest rate hikes be brought forward will likely set the precedent for other central banks.
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British Pound (GBP) Latest: EUR/GBP Slide Resuming, Slow EU Vaccine Rollout
The suspension around Europe of usage of the AstraZeneca/Oxford coronavirus vaccine continues to weaken the Euro and that could mean further losses for EUR/GBP.
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US Dollar Forecast: FOMC Summary of Economic Projections to Dictate USD
The US Dollar’s near-term trajectory will ultimately depend on whether the Federal Reserve steps-in to cap long-term rates, holds its monetary policy levers steady or hints at earlier-than-expected...
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Tuesday, 16 March 2021
Crude Oil Prices May Rise if Stockpiles Fall, FOMC Meeting Eyed
Crude oil prices await a catalyst from Wednesday’s FOMC meeting. A surprise inventory draw may help to underpin prices.
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Gold Price Forecast: Rebound at Risk as Yields Aim Higher Ahead of FOMC
The tentative recovery in gold prices hangs in the balance as the upcoming FOMC monetary policy meeting shifts into focus.
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S&P 500, Hang Seng, ASX 200 Outlook: Will the Fed Deliver Surprises?
The S&P 500 and Dow Jones retreated from all-time highs as traders awaited policy guidance from the FOMC meeting on Wednesday. Asia-Pacific markets opened with a mixed tone.
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New Zealand Dollar Outlook: NZD/USD May Rise Ahead of FOMC, New Zealand GDP
Asia-Pacific markets may see neutral movement as investors prepare for tomorrow's binary high-impact events, with the US Federal Reserve and New Zealand GDP data on tap.
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Crude Oil Technical Forecast: Oil Prices Ranging – Levels to Watch
Crude oil price action has pulled back slightly from its recent swing high as technical resistance around the $66.00-handle halts upward momentum. Will the long-term trend keep oil prices afloat?
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Bitcoin Price Consolidates After New All-Time High, What Next?
Bitcoin tagged a new all-time high above the $60,000 mark before retracing to support. Since there is little to suggest the broader upward trajectory will soon reverse, recent losses could prove he...
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EUR/USD Rate Eyes 200-Day SMA Again as ECB Boosts Pace of PPEP
EUR/USD may stage another attempt to test the 200-Day SMA (1.1834) as the ECB boosts the pace of the pandemic emergency purchase programme (PPEP).
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USD/CAD Decline Stalls Ahead of Canada CPI, Fed Rate Decision
Key event risk on tap for later this week may sway the near-term outlook for USD/CAD if the Federal Reserve adjusts the forward guidance for monetary.
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February Retail Sales Miss Expectations in Stimulus Check Interlude, USD Stronger
Retail Sales in February printed at -3.0%, sharply lower than forecast of -0.5%, as consumer spending slowed after booming in January.
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Japanese Yen Forecast: FOMC vs BoJ, USD/JPY Vulnerable to a Reversal
USDJPY implied volatility at highest level since US election as focus turns to FOMC and BoJ.
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USD/ZAR Outlook: South African Rand Stable Ahead of Fed Announcement
The Rand remains at risk of wiping out recent gains depending the upcoming FOMC meeting , while strong technical patterns remain.
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DAX 30 Forecast: Fed Meeting in Focus as Indecision Pushes for Consolidation
Rising bond yields see indecision creep into the DAX 30 as strong resistance emerges at 14,600
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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 -...