Gold Price Forecast: US Jobs Report in Focus as Traders Digest FOMC
Gold prices are moderating in Asia-Pacific hours as markets weigh the FOMC decision. The US jobs report on Friday may offer gold its next directional cue.
Japanese Yen Rolls Around Against US Dollar as Rally Stalls. Will USD/JPY go Higher?
The Japanese Yen has travelled sideways against the US Dollar after the Bank of Japan intervened to halt the slide in the Yen. Will intervention be successful in holding down…
AUD/USD to Track 50-Day SMA amid Failure to Test October High
AUD/USD may track the negative slope in the 50-Day SMA (0.6552) following the failed attempts to test the October high (0.6547).
Chinese Yuan Outlook: USD/CNH Test PBOC’s Patience as US Dollar Rises Post-FOMC
The Chinese Yuan is trading at its lowest level since January 2008 after the FOMC rate decision boosted the US Dollar. USD/CNH is breaking higher in early Asia-Pacific trading. Will…
Oil Price Holds Above 50-Day SMA to Eye October High
The price of oil may attempt to retrace the decline from the October high ($93.48) as it seems to be no longer responding to the negative slope in the 50-Day…
USD Breaks Out, SPX, Nasdaq Break Down After FOMC
The first reaction was aggressively faded, leaving a net result of USD strength and equity weakness after the November FOMC rate hike.
Fed Hikes Rates by 75 bp and Alters Guidance; US Dollar Outlook Post-FOMC
The Federal Reserve delivered the fourth consecutive 75 basis point hike at its November meeting, bringing the policy rate to a range of 3.75-4.00%, in line with market expectations.
FTSE 100 Pressurized by Resistance as the Fed Takes Center Stage
FTSE 100 remains under pressure as investors look for clues on when rate hikes might ease. As UK stocks struggle to gain traction, psychological resistance firms.
British Pound Forecast: GBP/USD Recovery to Face Fed, BoE, NFP
The September rally has extended into yearly downtrend resistance with the FOMC, BoE and NFPs on tap. Levels that matter on the GBP/USD weekly chart into November.
South Africa Top 40 Index (SA40) Wrestles with Resistance Below 62000
South Africa’s major stock index, SA40 continues to move higher despite heightened geopolitical risks and a resilient Dollar. Can the South Africa Top 40 index rise above 62000?