S&P 500 May Lead Hang Seng and ASX 200 Lower as Fed Gives Hawkish Signal
The S&P 500 index pulled back as the Fed’s dot plot signaled two rate hikes are likely by the end of 2023. The US Dollar index surged, weighing on commodity…
New Zealand Dollar Forecast: Upbeat GDP Revives NZD/USD After FOMC Drop
The New Zealand Dollar rebounded on upbeat gross domestic product (GDP) figures following a sharp turn lower from FOMC-induced Greenback strength.
Brazil Central Bank hikes Selic Rate to 4.25%, Hawkish Bias May Boost the Brazilian Real
Brazil's Central Bank raises its benchmark interest rate by 75 basis points to 4.25% and signals another rate hike of the same magnitude for its next monetary policy meeting.
Dow Jones Price Falls to Key Trendline as Fed Enters Taper Talk Window
The Dow Jones is at risk of a major breakdown after a slightly hawkish Federal Reserve sent stocks lower. Should price pierce the trendline, the Industrial Average could fall further…
US Dollar Strength Might Fade as Powell Downplays Fed Dot Plot
The US Dollar is trading sharply higher in the wake of the latest Federal Reserve announcement, but Fed Chair Powell's dovish downplay of upgraded dot plot projections could see USD…
USD/ZAR Forecast: Fed Hawkish Surprise Depresses Rand Gains
The Federal Reserve interrupted markets today with a slightly more hawkish tone than previously expected. This pushed USD/ZAR to levels last seen in may but will the Rand pull back…
Oil Price Rally Eyes 2018 High as RSI Pushes Into Overbought Territory
The overbought reading in the Relative Strength Index (RSI) may continue to be accompanied by higher crude oil prices like the behavior seen earlier this year.
US Dollar, Yields Surge as Fed Brings Forward Taper Timeline
The US Dollar is spiking higher alongside Treasury bond yields as markets react to the latest Fed announcement, which shows two interest rate hikes penciled in the dot plot by…
Gold Price Forecast: XAU Pullback Ahead of FOMC – GLD Levels
Gold prices have pulled back from the bull flag breakout, and are now sitting on a massive spot of support ahead of the FOMC.
EUR/USD Rate Bounces Back From 50-Day SMA Ahead of FOMC Rate Decision
EUR/USD bounces back from the 50-Day SMA (1.2104) ahead of the Fed rate decision, with the central bank expected to retain the current course for monetary policy.