Gold Price Vulnerable Following FOMC as RSI Approaches Oversold Zone

A move below 30 in the RSI is likely to be accompanied by lower gold prices like the behavior seen in March.

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South African Rand (ZAR) Overview: Post FOMC Round Up

A more hawkish stance of FOMC members coupled with SA’s new stricter lockdown regulations buoy USD/ZAR pullback

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Canadian Dollar Forecast: USD/CAD Rips Higher - Further Gains Ahead?

USD/CAD corrects higher on hawkish Fed, positioning may fuel further rise.

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Fed Meeting Aftermath: Equities Lower, Bond Yields Stable Despite Rate Hike Projections

The Dow Jones leads global equities lower as the FTSE 100 takes the biggest hit in Europe

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EUR/USD Breaks Down to a Two-Month Low as US Dollar Bulls Charge

The Euro is back at lows last seen in mid-April against a resurgent US dollar after Wednesday’s FOMC meeting left US dollar bulls empowered

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British Pound (GBP) Price Outlook: GBP/USD Lurches Lower, Start of a New Downtrend?

GBP/USD has broken below support from a trendline connecting the higher lows of an upward-sloping channel in place since March 2020.This could mark the start of a new trend lower.

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US Dollar Aims to Extend Fed-Inspired Rise, Eyes Yellen Testimony

The US Dollar aims to extend higher having roared to life in the wake of a momentous Fed policy meeting. Testimony from Treasury Secretary Yellen is now in focus.

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Crude Oil Prices Pull Back as USD Gains, But Uptrend Remains Intact

Crude oil prices retreated from recent highs as the Fed’s hawkish signals propelled the US Dollar, weighing on commodity prices. The demand outlook remains bright after inventories fell the most in...

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How to Trade Forex News: An Introduction

Find out the essentials of trading the news with this introductory guide to forex news trading

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Gold Price Forecast: FOMC Tanks Gold but Fed Patience Key for XAU Recovery

The FOMC decision tanked gold after bond bears drove Treasury yields higher on a less dovish Fed. However, the central bank remains patient, which may help gold as bond markets stabilize.

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Australian Dollar Outlook: AUD/USD Looks to Rebound After Blowout Jobs Data

Australian employment data blew consensus forecasts out of the water on Thursday, highlighting the strength of the country’s recovery.

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S&P 500 May Lead Hang Seng and ASX 200 Lower as Fed Gives Hawkish Signal

The S&P 500 index pulled back as the Fed’s dot plot signaled two rate hikes are likely by the end of 2023. The US Dollar index surged, weighing on commodity prices. APAC stocks may follow lower at ...

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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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