Thursday, 23 September 2021

Canadian Dollar Forecast: USD/CAD Sell-Off Accelerating Into Support

The neutral to mildly hawkish sentiment from yesterday's FOMC meeting is not playing out in USD/CAD which continues to slide lower.

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XAU/USD Price Forecast: Conflicting Fundamentals Hinder Gold's Recovery

XAU/USD is struggling to find its footing as the risk-off mood clashes with the Fed’s hawkishness

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FTSE 100 Price Outlook: Bank of England to Leave Advance in UK Stocks Intact

The Bank of England MPC will not want to rock the boat in the UK financial markets. If the FTSE and GBP are stable after its monetary policy meeting it will pat itself on the back.

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EU Breaking News: DAX, EUR/USD Shrug Off Missed German and EU PMI’s

The Euro along with European equities have flouted missed PMI data as the DAX marches higher while EUR/USD tests key horizontal levels.

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British Pound Battles US Dollar After FOMC, Before BoE. Will GBP/USD Move Lower?

The Great British Pound repelled US Dollar strength in the aftermath of the FOMC tapering announcement and before the Bank of England meeting. Can GBP/USD hold the line?

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Wednesday, 22 September 2021

How to Trade After a News Release

Looking to trade post release? Read on for more on approaching volatile conditions after news events.

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Hang Seng, ASX 200 May See Relief After Fed. Evergrande Set for Restructuring?

The Hang Seng and ASX 200 may see some relief after the FOMC as sources close to the CCP mentioned that an Evergrande restructuring is imminent.

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Australian Dollar Fights FOMC-Charged US Dollar After Upbeat PMI Data

The Australian Dollar is on the back foot against a US Dollar that is gaining following a slightly hawkish FOMC decision. Positive PMI data out of Australia shows a recovery chance for the economy.

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USD/BRL May Continue to Gyrate as Brazilian Central Bank Tightens by 100 Basis Points

The Central Bank of Brazil raised the Selic rate by 100 basis points on Wednesday, taking the country's benchmark interest rate to 6.25%

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Copper Trading: Copper Trading Tips and Strategies

Copper may not be the world's most popular metal but it certainly is one of the more important.

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Gold Price Rebound Fizzles as Fed Reveals Tentative Timeline to Taper QE

The price of gold pulls back from a fresh weekly high ($1787) even as the Fed retains the current policy as the central bank lays out a tentative exit strategy.

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Dow Jones Price Resilient After FOMC Rate Decision, Updated Rate Projections

The Dow Jones Industrial Average remained higher following the Federal Reserve’s September rate decision Wednesday. Rates remained unchanged, but Fed members shifted forward their rate projections.

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Gold Price Forecast: XAU/USD Holds Support Ahead of the Fed - Gold Levels

Gold prices are holding support ahead of the FOMC. Will the Fed wave the red flag in front of Gold bulls at the September FOMC?

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DailyFX September FOMC Coverage

Fed day is here, and DailyFX is ready to go with coverage of the event.

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AUD/USD Attempts to Halt Four Day Decline Ahead of Fed Rate Decision

AUD/USD attempt to halt a four day decline, but the Federal Reserve rate decision may keep the exchange rate under pressure if the central bank delivers an exit strategy.

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FOMC Event Risk: How Will the Market React?

Federal Reserve in focus. Eyes on dot plots with a first look at 2024. Taper details to be closely watched

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USD/JPY Rebounds Ahead of FOMC, BOJ Unchanged with Bleak Outlook

USD/JPY is bouncing higher as investor’s position themselves for the Fed meeting

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EUR/USD Price Remains Pointed Lower on Divergent Monetary Policy

The highly anticipated FOMC decision this evening may well leave traders unfulfilled but the Fed will soon start bond tapering in complete contrast to the ECB.

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British Pound (GBP) Price Outlook: GBP/USD Stabilizing on Evergrande Relief

GBP/USD is steadying Wednesday after the troubled Chinese property company Evergrande said it would make a bond interest payment Thursday, lifting market sentiment generally.

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Crude Oil Jumps as Risk Turns On Evergrande Debt Deal, FOMC Ahead. Will Prices Rally?

Crude oil prices went higher with Evergrande stalling a debt default and the PBOC opening the liquidity tap. Where to before Fed taper talk?

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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...