USD/JPY looks ahead to the Fed’s interest rate decision with caution as the Yen flirts with the 130 handle.
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Wednesday, 1 February 2023
Tuesday, 31 January 2023
Gold Treads Water Ahead of a Cascade of Central Bank Hikes. Where to for XAU/USD?
The gold price rejected a move lower overnight as the US Dollar is poised ahead of today’s all-important Fed rate decision with the attention turning to post-decision press conference.
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S&P 500 and USDJPY: FOMC Strategy Run Down
It’s finally upon us: the FOMC rate decision. The markets have been waiting for this event, but will it give the clarity of theme and trends that traders have been waiting? We break down the event and the backdrop of key markets represented by the S&P 500, Dollar and USDJPY.
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Euro Forecast: USD Controlling EUR/USD Price Action Dismissive of Positive EZ Data
EUR/USD is under pressure as it preps for tomorrow’s Fed rate decision.
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USD/JPY Breaks Key Downtrend Line But Bulls Have Work to Do
USD/JPY is stuck on Fed-Watch but whether its recent gains can be consolidated is a big question
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Gold Slides Through Support as US Bond Yields Nudge Higher Ahead of the FOMC
US Treasury yields are inching higher ahead of Wednesday’s FOMC rate decision and this is weighing on the price of gold
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GBP/USD Retreats as the Fed and BoE Hog the Limelight
GBP/USD struggled to hold above the 1.24000 level as the DXY found some buyers ahead of the FOMC meeting. Could the central banks inspire a breakout after 10 days of rangebound trading?
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Monday, 30 January 2023
Euro Steadies Ahead of Crucial Fed and ECB Meetings This Week. Higher EUR/USD?
The Euro has backed away from last week’s peak against the US Dollar in anticipation of further tightening from the Federal Reserve tomorrow. Where to for EUR/USD?
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S&P 500 and Dollar Volatility – But Unlikely Trend – Before FOMC Wednesday
A week of heavy event risk has started with some tentatively provocative moves from the major corners of the market. The S&P 500 and Nasdaq 100 reversed lower after last week’s extensions suggested bulls were in control. Meanwhile, the Dollar is probing a break from an extremely tight range. The activity can be enticing, but be wary…
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Nasdaq 100 Capsizes After Finally Overcoming 200-Day SMA, Beware More Volatility
The markets are closing in on systemically important event risk and traders’ compasses are starting to go haywire. Tentative breakout and trend efforts are falling apart ahead of the Fed decision Wednesday, and few markets are more put out technically than Nasdaq 100.
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EUR/USD Tests 1.0900 – ECB Rate Decision, Inflation and Growth Data Ahead
A very busy week ahead with the latest ECB rate decision, Euro Area inflation, and growth data all hitting the screens in the next few days.
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USD/JPY Hovers at Key 130.00 Level as Rangebound Trade Continues
USD/JPY continues to fluctuate between gains and losses as the dollar index remains vulnerable. Will the Fed meeting inspire some renewed dollar strength?
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What is Leverage in Forex? Forex Leverage Explained
Find out how leverage works and how to manage your risk when trading FX with leverage.
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Sunday, 29 January 2023
US Dollar Poised Ahead of Fed as China Returns. Where to for USD?
The US Dollar is steady so far today as the market ponders the Federal Reserve rate outlook and weighs tightening central banks against a potentially expanding Chinese economy. Will DXY go lower?
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Crude Oil Price Firms as Markets Appraise Fed Hiking Against China Re-opening
Crude oil has made some ground today after sliding lower to end last week as US recession fears swirl while Chinese markets return from holidays today. Where to for WTI?
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Markets Week Ahead: US Dollar, Euro, British Pound, Gold, Dow Jones, Fed, ECB, BoE
Traders are eyeing the Fed, BoE and ECB rate decisions for the US Dollar, British Pound and Euro, respectively. Will central banks disappoint, bringing back market volatility?
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Friday, 27 January 2023
US Dollar Technical Forecast: USD Support Test Into a Heavy Week of Data
The US Dollar took four months to wipe out 50% of a trend that took almost two years to build, but prices has been lodged at that half-way point now for two weeks. That will probably change next week.
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UK FTSE 100 Clings to Support as German Dax Battles Resistance
FTSE and Dax have remained steady, driving prices into clear ranges of support and resistance. While prices look for direction, technical levels hold firm.
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USD Breaking News: PCE Price Index Declines Adding Further Pressure on the DXY
US data continues to remain resilient with the Fed meeting now firmly in focus. Slowest PCE increase in 14 months.
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GBP Price Outlook: Cable Coils into Narrow Range Ahead of Blockbuster Week
GBP/USD has attempted to trade above the 1.2445 level on a number of occasions now without success and has consolidated into a narrow range. FOMC and BoE next week
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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 -...