Gold prices rallied the most in almost 2 weeks as markets continued to bet against the Federal Reserve. What did Jerome Powell say and what are key levels to watch?
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Wednesday, 1 February 2023
Euro Hits New High as US Dollar Collapses in Fed Aftermath. Where to for EUR/USD?
The Euro raced north after Fed commentary saw the US Dollar crash on the markets’ interpretation of a dovish tilt from the Chairperson. Will an ECB move do the same for Euro?
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US Dollar Slammed Post FOMC as Markets Test Fed Resolve. Where to for USD?
The US Dollar slide has continued after the New York close post the Fed hiking rates and Powell putting a dovish tilt in the mindset of the market. How low will USD go?
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Dollar and VIX Slump After Fed Hike, Watch EURUSD and Doubt Trends
The Federal Reserve hiked its benchmark rate another 25 basis points and Powell held the door open for further hikes, but neither risk assets nor the Dollar took the group for its word. Scrutinize the progress on trends like that from EURUSD with event risk like the ECB and unresolved themes like recession ahead.
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GBP/USD Update: 1.2300 Handle Holds Firm as Markets Take a Breather Before the FOMC Meeting
GBP/USD rangebound as the medium-term direction remains uncertain. FOMC and BoE to provide clarity moving forward.
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Gold Bulls Look Tired After Strong Run Into 2023
Gold prices have been a one-way bet for three months, posting gains on a softer Dollar and hopes that the Fed is losing its enthusiasm for interest rate hikes
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Euro Breaking News – Euro Area Headline Inflation Falls Sharply, EUR/USD Little Changed
Headline inflation in the Euro Area is falling sharply, according to initial Eurostat data, with lower energy prices helping to cut the cost of living.
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Japanese Yen Outlook: USD/JPY Scans 130 Ahead of Fed
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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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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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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Fundamentals can seem overwhelming, but identifying and isolating the key driver behind a currnecy or capital can help refine our evaluation...
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The US Dollar is firmer ahead of the FOMC rate decision. Expectations is for the Federal Reserve to raise interest rates by 25bps to 2.00-2....