The Fed reaffirmed its view of three rate cuts this year and raised its outlook on inflation and GDP. The dollar experienced a dovish repricing, propelling gold notably higher
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Thursday, 21 March 2024
Wednesday, 20 March 2024
Fed Sticks to Dovish Policy Roadmap; Setups on Gold, EUR/USD, Nasdaq 100
The Fed held borrowing costs unchanged at its March meeting and continued to signal that it would implement three rate cuts this year despite upside inflation risks. This dovish outlook boosted gold prices and the Nasdaq 100.
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Fed on Hold, 2024 Policy Outlook Unchanged – Gold & US Dollar on the Move
The Federal Reserve kept its monetary policy settings unchanged for the fifth consecutive meeting and signaled its intention to deliver 75 basis points of easing this year, the same outlook embraced back in December.
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USD/JPY Selloff Continues Ahead of the FOMC Meeting
The yen failed to halt a selloff that gained momentum after the dovish hike from the Bank of Japan. USD/JPY remains vulnerable, particularly if the Fed foresees fewer cuts ahead
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UK Inflation Falls to a Two-Year Low, GBP/USD Stable, All Eyes on the Fed
UK inflation fell to the lowest level in over two years in February, helped by falling food prices. GBP/USD is little changed as the latest Fed policy decision nears.
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Tuesday, 19 March 2024
Fed Seen Holding Rates Steady; Policy Outlook to Drive Markets, US Dollar
This article offers a preview of the upcoming Fed monetary policy announcement, examining potential scenarios for financial markets, including the U.S. dollar.
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Lower Canadian CPI Brings Rate Cuts Closer While Fed Cuts Appear Delayed
Canadian inflation softened more than expected in February, bringing potential rate cuts closer at a time when markets foresee the Fed having to delay its first cut until July
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British Pound Wilts As Markets Await Both Fed and BoE
There are central bank policy decisions for both sides of GBP/USD in the next forty-eight hours
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Euro Latest – ZEW Economic Sentiment Improves, EUR/USD Hinges on FOMC Decision
Economic sentiment in the Euro Area and Germany turned higher in March, according to the latest ZEW report, but Wednesday’s FOMC meeting will dictate the next EUR/USD move.
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Bank of Japan Exits Negative Interest Rate Policy but Remains Supportive
The bank of Japan (BoJ) agreed that a virtuous cycle between wages and prices has been met, enabling an historic moment for the accommodative central bank. Yen weaker
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Monday, 18 March 2024
BoJ’s Pivot Imminent: Yen Ready for Takeoff or Tumble? Setup on USD/JPY
The Bank of Japan is expected to raise interest rates for the first time in 17 years when it concludes its March policy meeting. The decision could trigger market volatility and shape the Japanese yen’s near-term outlook.
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Sterling Outlook: GBP/USD, EUR/GBP, GBP/JPY Setups Ahead of CPI
Sterling remains one of the better performers against the dollar this year with the BoE less dovish than the Fed – something that could improve its interest rate differential
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Euro Higher Despite Market Worries of More Gradualist Fed
The US central bank was expected to cut rates this month at the start of the year. Now the markets are sure it won’t.
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Japanese Yen (USD/JPY) Rally Continues, BoJ Policy Decision Imminent
Tuesday’s Bank of Japan policy decision may see the central bank lift interest rates out of negative territory for the first time since January 2016
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Sunday, 17 March 2024
Markets Week Ahead: Nasdaq Slips, Gold Steadies, Central Banks on Tap
Five major central banks announce their latest monetary policy decisions next week and post-announcement commentary will be key. And the Nasdaq might need some help.
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Saturday, 16 March 2024
Gold Price Forecast: Fed in Spotlight – Bullish Explosion or Crash Ahead?
The Federal Reserve's decision and monetary policy guidance in the coming week will be the focus of financial markets. A hawkish outcome could be positive for the U.S. dollar and yields, but bearish for gold prices.
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Friday, 15 March 2024
US Dollar Closes in on Resistance, GBP/USD Testing Support, Interest Rate Decisions Near
The latest PPI report gave the US dollar a push higher on Thursday ahead of next week’s FOMC meeting.
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Japanese Wages Rise to 30-Year High, Fueling BoJ Rate Speculation
Japan’s largest trade union group, Rengo, announced a 5.28% wage increase for its workers – supporting the view that the BoJ is likely to hike rates before the summer
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Thursday, 14 March 2024
US Dollar Soars on Inflation Risks as Fed Looms; EUR/USD, GBP/USD, USD/JPY Setups
This article provides an in-depth analysis of the outlook for EUR/USD, USD/JPY and GBP/USD, exploring various technical and fundamental scenarios that could play out in the near term.
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IEA Revises Oil Demand Outlook, Tweaks Supply Estimates – Oil Rises
The International Energy Agency (IEA) revised its global oil demand growth by 110,000 barrels per day and trimmed back supply estimates. Oil trading higher on the day
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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 -...