Gold Price Outlook: Gold Recovery at Risk- XAU/USD FOMC Levels
Gold rallied +3.4% off the March lows with a weekly range-break imminent into today’s FOMC decision. Here are the levels that matter on the XAU/USD technical charts.
AUD/USD Bounces Along 50-Day SMA Ahead of Fed Rate Decision
AUD/USD continues to bounce along the 50-Day SMA (0.7738) ahead of the Federal Reserve interest rate decision as the exchange rate defends the 2021 low (0.7564).
USD/CAD Technical Overview: Weak but Bounce Risk Rising
USD/CAD is in a solid downtrend, but even at new cycle lows it has support that could induce a bounce in the near-term.
SA Retail Sales Slump: USD/ZAR Reaction and Price Outlook
Worse than expected retail sales data continues the disappointing trend in the retail sector even as Covid-19 restrictions ease
Currency Volatility Highest Since US Election: What to Watch for Fed Decision
Fed takes center stage as all eyes shift towards dot-plot projection. Currency implied volatility signals big move.
GBP/USD Braces for Volatility as The Fed and BoE Prepare to Give Their Latest Views
With both the Fed and the BoE giving their latest monetary policy decisions, and thoughts, over the next 24 hours, GBP/USD is likely to become increasingly volatile.
IBEX 35, FTSE MIB Forecasts: European Indices Struggle to Overcome Short-Term Resistance
European equities are lacking buyer support ahead of the FOMC interest rate decision
USD/JPY Outlook: Flattening JGB Yield Curve Ahead of FOMC Expectations
All eyes shift toward central banks this week with the Federal Reserve up first. Whether or not interest rate hikes be brought forward will likely set the precedent for other…
British Pound (GBP) Latest: EUR/GBP Slide Resuming, Slow EU Vaccine Rollout
The suspension around Europe of usage of the AstraZeneca/Oxford coronavirus vaccine continues to weaken the Euro and that could mean further losses for EUR/GBP.
US Dollar Forecast: FOMC Summary of Economic Projections to Dictate USD
The US Dollar’s near-term trajectory will ultimately depend on whether the Federal Reserve steps-in to cap long-term rates, holds its monetary policy levers steady or hints at earlier-than-expected...