Market skepticism over the Fed's plans to resume tightening and expectations that the ECB will have to do more in the coming months to tame inflation could push EUR/USD higher in the near term.
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Saturday, 17 June 2023
Friday, 16 June 2023
Japanese Yen Outlook: USD/JPY Extends Upside after Dovish BoJ Decision
The Japanese yen weakened against the U.S. dollar after the Bank of Japan retained an ultra-dovish stance, with USD/JPY hitting fresh multi-month highs above 141.50.
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GBP/USD Update: Cable in the Pound Seat Ahead of CPI BoE
GBP/USD has put in a strong performance as markets downplay the Fed’s hawkish warnings. In contrast, Sterling is likely to remain supported into the CPI and BoE events
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Indices Continue to Rally Despite ECBs Eighth Consecutive Rate Hike
Outlook on FTSE 100, DAX 40 and S&P 500 as Fed and ECB stick to hawkish stance
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Thursday, 15 June 2023
Japanese Yen Slips as BOJ Keeps Policy Unchanged: Whats Next for USD/JPY?
JPY fell slightly against USD after BOJ maintained ultra-loose policy settings, especially the closely watched yield curve control (YCC) policy. What’s next for USD/JPY?
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Asia Day Ahead: Lingering Market Doubts on Feds Hawkish Guidance
Wall Street looks set to deliver its fifth consecutive week of gains, pushing ahead with another round of stellar gains overnight.
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EUR/USD Skyrockets After ECB Decision EUR/JPY Flies to 15-Year Highs
The euro strengthened broadly on Thursday following the ECB’s monetary policy announcement, with EUR/USD recapturing an important trendline and EUR/JPY surging to its best levels in 15 years.
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Wednesday, 14 June 2023
Bitcoin & Ethereum Slide as Fed Signals Higher Rates: BTC/USD & ETH/USD Price Setups
Bitcoin and Ethereum have broken below key support after the US Federal Reserve left interest unchanged on Wednesday but signaled higher interest rates by the end of this year. What’s next for BTC/USD and ETH/USD?
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Japanese Yen Drops After FOMC: Price Setups in USD/JPY AUD/JPY GBP/JPY
The JPY slipped against USD after the Fed signaled more rate hikes. Improving risk appetite and ultra-easy BOJ policy reinforce the bearish backdrop in JPY. What is the outlook for USD/JPY, EUR/JPY, and AUD/JPY?
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Australian Dollar Steadies on Jobs Data While China Slows. Where to for AUD/USD?
The Australian Dollar bounced after employment data today revealed a re-tightening of the labour market that might make the RBA’s July meeting ‘live’. Will AUD/USD go higher?
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High-for-longer rate outlook as takeaway from FOMC meeting: Gold Copper US dollar
The conclusion of the June meeting has seen the Fed keeping rates on hold in a widely-anticipated move, but a high-for-longer rate outlook seems to be on the horizon.
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New Zealand Dollar Dips on Soft GDP Data. Where to for NZD/USD?
The New Zealand Dollar ran lower after GDP printed below forecasts at 2.2% year-on-year to the end of May. Before the figures, Kiwi had been bought on a weakening USD. Will NZD/USD rally?
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US Dollar Falls Despite Hawkish Fed amid Skepticism of Higher Peak Rate Plans
The U.S. dollar falls despite the Fed’s hawkish policy outlook, as traders remain skeptical of policymakers' plans to resume rate hikes later this year, given the economic risks.
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Outlook on FTSE 100 DAX 40 and S&P 500 ahead of Wednesdays FOMC meeting.
Technical analysis on FTSE 100, DAX 40 and S&P 500 within their fundamental context.
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Resilient UK GDP Report Keeps Pound Afloat Gilt Yields in Focus
GBP/USD maintains its upside as UK GDP remains steadfast ahead of the highly anticipated FOMC announcement later today.
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Tuesday, 13 June 2023
Euro Gains as the US Dollar Frets ahead of the Fed after Benign CPI. Higher EUR/USD?
The Euro retreated from its peak for the month today as markets digest the implication of US CPI ahead of the Federal Reserve meeting later. If the Fed pauses, will EUR/USD rally?
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Cooling US inflation provides room for Feds wait-and-see: Silver Hang Seng Index GBP/USD
Further cooling in US inflation reflects some degree of success in policy moves thus far and provides room for the Fed to put on some wait-and-see at the upcoming FOMC meeting.
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Gold Price Peels Lower Despite Soft US Dollar Ahead of the Fed. Lower XAU/USD?
The gold price is struggling to gain ground in the aftermath of US CPI data that dented the US Dollar. If the Federal Reserve keeps its target rate the same, will it help or hinder gold?
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US Dollar Drips Lower Ahead of Key Fed Decision Levels to Watch on DXY
The Fed's monetary policy decision and guidance on Wednesday will take center stage in financial markets and will be key in guiding the near-term path of the U.S. dollar.
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GBP Breaking News: Searing UK Jobs Report Lifts Pound
GBP/USD rallies on strong labor data including average earnings. The pound now looks ahead to US CPI for further guidance.
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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 -...