USD/JPY in Turmoil, Rumors of Possible BoJ YCC Tweak Sends Yen Soaring

USD/JPY slumps following reports that the Bank of Japan could tweak its yield curve control program at its July monetary policy meeting, as part of a strategy to start moving away from its ultra-loose stance.

from DailyFX - Market News https://ift.tt/KmA4Z6F
via IFTTT

US Dollar Weakens Ahead of ECB decision and US Q2 GDP Data

After an uneventful FOMC meeting and press conference, a popular dollar benchmark heads lower as traders eye the ECB interest rate announcement

from DailyFX - Market News https://ift.tt/McodXBw
via IFTTT

European Central Bank (ECB) Preview: 25bps and Done or More Hikes in the Offing?

With a 25bps hike largely expected and priced in by market participants, will the ECB shift to data dependency moving forward as recessionary fears rise. Let’s take a look at what to expect.

from DailyFX - Market News https://ift.tt/FimDpUK
via IFTTT

US Equity Indices Post FOMC: Nasdaq, S&P 500, Dow Price Setups

US equity indices were largely flat, hovering around year-to-date highs after the Fed hiked interest rates by the widely expected quarter percentage point. What’s next for the Dow Jones Industrial Average, the S&P 500 index and the Nasdaq 100 index?

from DailyFX - Market News https://ift.tt/5INsGRY
via IFTTT

US Dollar Slips After Fed Rate Hike: What Has Changed for EUR/USD, GBP/USD, USD/JPY?

USD slipped but held well within the recent range after the Fed hiked interest rates by the widely expected 25bps and on balance kept its options open for further tightening. What does this mean for EUR/USD, GBP/USD, and USD/JPY?

from DailyFX - Market News https://ift.tt/t3yhBdL
via IFTTT

Asia Day Ahead: Lukewarm Reaction to Fed Meeting

The Fed has hiked its policy interest rate by 25 bp and left the door open for another hike, but additional tightening moves are perceived to lack commitment at current point in time.

from DailyFX - Market News https://ift.tt/zQgpqC3
via IFTTT

EUR/USD Up After Fed Hike but Skating on Thin Ice, ECB Guidance Key to Outlook

The upcoming European Central Bank monetary policy announcement and guidance will play a crucial role in shaping the near-term directional bias of EUR/USD.

from DailyFX - Market News https://ift.tt/D28JRIg
via IFTTT

USD/JPY, EUR/JPY Delicately Poised Ahead of Central Bank Week

The Yen enjoyed a slight uptick to start the week. Will the Fed and ECB rate decisions increase the likelihood of FX intervention by the BoJ?

from DailyFX - Market News https://ift.tt/z3KN9PY
via IFTTT

Could the Fed Trigger a Deeper Retreat in Bitcoin & Ethereum? BTC/USD & ETH/USD Price Action

This week’s drop makes Bitcoin and Ethereum vulnerable to any hawkish tone from the FOMC meeting later Wednesday. What are the key levels to watch in BTC/USD and ETH/USD?

from DailyFX - Market News https://ift.tt/X7MnpDU
via IFTTT

Crude Oil Price Eases After Solid Rally as US Dollar Eyes the Fed Ahead. Higher WTI?

Crude oil dipped slightly to start Wednesday as the market looks to the Fed meeting later today for hints on the direction of the US Dollar and Treasury yields. Where to for WTI?

from DailyFX - Market News https://ift.tt/T01XmcG
via IFTTT

US Dollar Scenarios Ahead of Fed Rate Decision: EUR/USD, GBP/USD, USD/JPY Price Setups

The US dollar has rebounded slightly against its peers ahead of the key US Federal Reserve interest rate decision later Wednesday. What are the potential scenarios for EUR/USD, GBP/USD, and USD/JPY?

from DailyFX - Market News https://ift.tt/rydfs6z
via IFTTT

Australian Dollar Sinks on Benign CPI Data. Where to for AUD/USD?

The Australian Dollar ran lower immediately after headline CPI printed at 6.0% year-on-year to the end of June, taking the heat out potential hikes by the RBA. Will AUD/USD rally?

from DailyFX - Market News https://ift.tt/LeJWZjN
via IFTTT

Fed Preview: Gold Prices and US Dollar’s Outlook Hinges on Powell’s Guidance

The Fed is expected to raise rates by 25 bp to 5.25%-5.50% at the end of its July meeting, but guidance is likely to be more important to the U.S. dollar and gold's prospects than rate hike itself, which is already fully priced in.

from DailyFX - Market News https://ift.tt/VK9ZpwN
via IFTTT

GBP/USD Price Forecast: Fleeting Pound Recovery?

GBP has been knocked back by weak UK economic data while the Fed looks to tighten its monetary policy once more. More downside to come for the pound?

from DailyFX - Market News https://ift.tt/7yCiToI
via IFTTT

Australian Dollar Surges on China Stimulus Pledge; AUD/USD, EUR/AUD, GBP/AUD Price Action

The Australian dollar surged against some of its peers after Chinese authorities pledged to stimulate the economy. What is the outlook for AUD/USD, GBP/AUD, and EUR/AUD?

from DailyFX - Market News https://ift.tt/LKQwtmO
via IFTTT

Hang Seng Index (HSI) Climbs on Stimulus Aspirations. Will China Drive HSI Higher?

The Hang Seng Index (HSI) found firmer footing after reports emerged that Beijing is looking to bolster its economy. Meanwhile, the US Dollar eased ahead of the Fed meeting.

from DailyFX - Market News https://ift.tt/nqBO1f4
via IFTTT

Is Gold’s Rebound Over Ahead of FOMC? XAU/USD Price Setups

Gold’s rally appears to be losing steam ahead of the US Fed, the ECB, and the BOJ policy meetings. What is the outlook on XAU/USD and what are the key levels to watch?

from DailyFX - Market News https://ift.tt/XuqTwDO
via IFTTT

EUR/USD and EUR/JPY Trend Hinges on Fed, ECB and BoJ Outlook; Volatility Ahead

EUR/USD and EUR/JPY could experience increased volatility ahead of key events later this week, including monetary policy announcements from the Fed, the ECB and the Bank of Japan.

from DailyFX - Market News https://ift.tt/lIHSPck
via IFTTT

Japanese Yen Forecast: USD/JPY Fumbles Ahead of Fed and Bank of Japan Decision

The Fed and BoJ monetary policy announcement later this week will be key in determining the near-term directional bias of USD/JPY.

from DailyFX - Market News https://ift.tt/9yt8g6o
via IFTTT

GBP/USD Sinks as UK PMI Disappoints, EUR/GBP Eyes Bearish Continuation

Cable struggled this morning as UK PMI painted a concerning picture with rising interest rates clearly starting to take a toll on the UK economy. Tough job ahead for the BoE.

from DailyFX - Market News https://ift.tt/ZagLVti
via IFTTT