Fibonacci Confluence on FX Pairs

Fibonacci levels can highlight key areas of support and resistance, but multiple Fibonacci levels in close proximity may provide even greater insight

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New Zealand Dollar Forecast: Upbeat GDP Revives NZD/USD After FOMC Drop

The New Zealand Dollar rebounded on upbeat gross domestic product (GDP) figures following a sharp turn lower from FOMC-induced Greenback strength.

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Brazil Central Bank hikes Selic Rate to 4.25%, Hawkish Bias May Boost the Brazilian Real

Brazil's Central Bank raises its benchmark interest rate by 75 basis points to 4.25% and signals another rate hike of the same magnitude for its next monetary policy meeting.

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Dow Jones Price Falls to Key Trendline as Fed Enters Taper Talk Window

The Dow Jones is at risk of a major breakdown after a slightly hawkish Federal Reserve sent stocks lower. Should price pierce the trendline, the Industrial Average could fall further in the days ah...

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USD/ZAR Forecast: Fed Hawkish Surprise Depresses Rand Gains

The Federal Reserve interrupted markets today with a slightly more hawkish tone than previously expected. This pushed USD/ZAR to levels last seen in may but will the Rand pull back lost gains as ma...

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US Dollar Strength Might Fade as Powell Downplays Fed Dot Plot

The US Dollar is trading sharply higher in the wake of the latest Federal Reserve announcement, but Fed Chair Powell's dovish downplay of upgraded dot plot projections could see USD strength fade.

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Oil Price Rally Eyes 2018 High as RSI Pushes Into Overbought Territory

The overbought reading in the Relative Strength Index (RSI) may continue to be accompanied by higher crude oil prices like the behavior seen earlier this year.

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US Dollar, Yields Surge as Fed Brings Forward Taper Timeline

The US Dollar is spiking higher alongside Treasury bond yields as markets react to the latest Fed announcement, which shows two interest rate hikes penciled in the dot plot by the end of 2023.

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Gold Price Forecast: XAU Pullback Ahead of FOMC - GLD Levels

Gold prices have pulled back from the bull flag breakout, and are now sitting on a massive spot of support ahead of the FOMC.

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EUR/USD Rate Bounces Back From 50-Day SMA Ahead of FOMC Rate Decision

EUR/USD bounces back from the 50-Day SMA (1.2104) ahead of the Fed rate decision, with the central bank expected to retain the current course for monetary policy.

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FOMC Event Risk: How Will the Market React

Federal Reserve the main event of the week. Dot plots, Fed statement and Powell press conference in focus.

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EUR/GBP Price Forecast - Rangebound For Now But Support May Soon be Tested

EUR/GBP remains stuck in a rut but the recent series of lower highs suggests buyers are running out of steam

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US Dollar Setup: USD/CAD, USD/JPY, EUR/USD Ahead of FOMC

The US Dollar is holding range as investors await Fed’s views on rising prices

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Crude Oil Price Outlook: Strength to Persist as Global Economy Expands

The price of Brent crude oil has hit its highest level since April 2019 and is well placed to advance further although, as ever, prices could consolidate first.

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Chinese Yuan (CNH) Muted While China's Economic Recovery Slows

Softer than expected economic data reinforces view that the Chinese economic recovery is slowing.

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British Pound (GBP/USD) Boosted As UK Inflation Beats Expectations

GBP/USD moved back towards 1.4100, despite a robust US dollar, after the latest UK inflation report showed price pressures continuing to build.

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Gold Prices Extend Lower as Traders Eye FOMC For Tapering Clues

Gold prices fell for a fourth day and broke a key chart support ahead of the FOMC meeting. Uncertainties surrounding the Fed’s timeline for tapering stimulus weighed on bullion and risk assets.

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Swiss Franc Technical Forecast: USD/CHF, EUR/CHF, CHF/JPY Charts to Watch

The Swiss Franc has seen a bout of strength in recent months against several peer currencies. Here are technical levels to watch in USD/CHF, EUR/CHF, and CHF/JPY.

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Crude Oil, USD/RUB Outlook : WTI Rising Before Fed, Biden-Putin Summit Volatility Risk

WTI continues to soar higher as global demand continues to outpace supply. Higher oil prices are strengthening the Russian Ruble ahead of the G7 meeting between Putin and Biden.

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Dow Jones Retreats Ahead of FOMC, Nikkei 225 and ASX 200 Open Lower

Wall Street stocks were trading in a cautious mood on Tuesday as investors weighed disappointing retail sales data ahead of the FOMC meeting. Asia-Pacific markets may follow lower. Crude oil advanced.

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