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US Dollar Outlook: DXY Whipsaws as Fed’s Powell Stays Evasive

Posted by By 28/07/2021Posted inForex
US Dollar price action ripped-then-dipped around the latest Fed announcement and press conference from Chair Powell as markets digested a nod to goal progress that is not yet substantial.
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EUR/GBP Ebbs and Tests Channel Support, a Temporary Bounce May Occur Soon

Posted by By 28/07/2021Posted inForex
EUR/GBP has traded within the confines of a bearish channel since April and now sits above the pattern's lower boundary, an area of technical support from which prices could temporarily…
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Nasdaq 100 Ticks Higher Following FOMC Rate Decision, Powell Presser

Posted by By 28/07/2021Posted inForex
The Nasdaq 100 tiptoed higher following the July FOMC rate decision and accompanying press conference from Chairman Jerome Powell. Despite hints of hawkishness that saw the USD rise, stocks remain…
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Oil Price Rebound Underpinned by Decline in US Crude Inventories

Posted by By 28/07/2021Posted inForex
The price of oil defends the advance from the monthly low ($65.01) amid a larger-than-expected decline in US crude inventories.
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Gold Price Drops as US Dollar Jumps; Fed Eyes Start of Tapering

Posted by By 28/07/2021Posted inForex
Gold price action is dropping alongside a broadly stronger US Dollar following the Fed announcement as the central bank says progress toward goals have been made for tapering.
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Can You Trust the US Dollar Rally? Oil Back on Track? – The Macro Setup

Posted by By 28/07/2021Posted inForex
Wll the July FOMC meeting and US tech earnings produce fireworks?
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US Dollar Price Action Setups: EUR/USD, GBP/USD, USD/CAD

Posted by By 28/07/2021Posted inForex
The USD set a fresh three-month-high and then spent the next week pulling back. Today brings the Fed - will USD bulls get back to work?
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NZD/USD Rate Rebound Unravels Ahead of Federal Reserve Rate Decision

Posted by By 28/07/2021Posted inForex
NZD/USD gives back the advance from the monthly low (0.6881) as the US Dollar outperforms against the commodity bloc currencies ahead of the Fed rate decision.
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S&P 500, Dow Jones & Nasdaq 100 Forecast: Charts Remain Pointed Higher

Posted by By 28/07/2021Posted inForex
U.S. stocks continue to remain firm and bid on dips, nothing yet to think any significant selling will hit markets.
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Canadian Dollar Forecast: USD/CAD Drop on the Horizon

Posted by By 28/07/2021Posted inForex
USD/CAD raising the risk of a pullback as eyes shift to CPI and FOMC.
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