EURUSD Outlook Has Technical Pressure and the ECB Rate Decision
The FOMC decision has passed with a more hawkish message than the markets were expecting…and yet the market maintains its skepticism. That has kept the S&P 500 within its narrow…
US Dollar Price Action Setups: EUR/USD, GBP/USD, USD/CAD, USD/JPY
The US Dollar set a fresh five-month-low, even as Powell took on a hawkish tone in the statement accompanying today’s rate decision. ECB and BoE rate decisions are on the…
Dollar Surges and S&P 500 Drops After Fed Hikes 50bps Raises 2023 Forecast
The Federal Reserve announced its last rate decision of 2022 and it offered the ‘pivot’ that many had expected. A 50bp rate hike ended the pace for four meetings of…
EURO’s Bullish Cycle May be Coming to an End
EUR/USD has been on a fast track to fresh highs, but might it be nearing an important turning point?
S&P 500, Nasdaq 100, Dow Jones Levels into FOMC
Yesterday brought a strong intra-day reversal in stocks, exposing a long upper wick on daily candles of SPX, NDX and YM. The big question now is whether the Fed gives…
USD/ZAR Slumps Ahead of FOMC – Softer Dollar Drives Volatile Rand
USD/ZAR has continued to decline ahead of FOMC. With South Africa’s inflation easing slightly, the Fed decision could drive the next move. Can the Rand hold gains?
Japanese Yen (USD/JPY) Outlook – The Battle With Technical Support Resumes
US dollar weakness continues after Tuesday’s inflation data and USD/JPY is now testing support off the long-dated moving average
Euro (EUR/USD) Latest – Braced For a Fed and ECB Double-Header
A busy 24 hours ahead with the latest FOMC rate decision this evening while the ECB announces its updated policy decision tomorrow. Both have accompanying press conferences that need to…
GBP Breaking News: UK Inflation Declines Beating Estimates, GBP/USD Dips
UK inflation joins the US in posting declines for the month of November. Will today’s inflation print ensure a 50bps hike from the BoE tomorrow?
US Dollar Languishes in the Aftermath of US CPI and Ahead of the Fed. New Lows for USD?
The US Dollar tanked after a soft CPI number gave the market hope of an end to hawkishness from the Federal Reserve when they meet later today Where to for…