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US Dollar Scenarios Ahead of Fed Rate Decision: EUR/USD, GBP/USD, USD/JPY Price Setups

Posted by By 26/07/2023Posted inForex
The US dollar has rebounded slightly against its peers ahead of the key US Federal Reserve interest rate decision later Wednesday. What are the potential scenarios for EUR/USD, GBP/USD, and…
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Mixed Showing in Big Tech Results, With all Eyes on FOMC Meeting Next: Microsoft, AUD/NZD, US Dollar

Posted by By 26/07/2023Posted inForex
Asian stocks look set for a subdued open, following a mixed showing in Microsoft and Alphabet’s result releases after-market.
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Australian Dollar Sinks on Benign CPI Data. Where to for AUD/USD?

Posted by By 26/07/2023Posted inForex
The Australian Dollar ran lower immediately after headline CPI printed at 6.0% year-on-year to the end of June, taking the heat out of potential hikes by the RBA. Will AUD/USD…
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Canadian Dollar Forecast: as USD/CAD Finds Support, Retail Traders are Becoming Bearish

Posted by By 25/07/2023Posted inForex
The US Dollar appears to be stabilizing against the Canadian Dollar of late. In response, retail traders have increased bearish USD/CAD exposure. Is this a sign that the price trend…
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Fed Preview: Gold Prices and US Dollar’s Outlook Hinge on Powell’s Guidance

Posted by By 25/07/2023Posted inForex
The Fed is expected to raise rates by 25 bp to 5.25%-5.50% at the end of its July meeting, but guidance is likely to be more important to the U.S.…
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Canadian Dollar Outlook: USD/CAD in Consolidation Triangle Ahead of Fed Decision

Posted by By 25/07/2023Posted inForex
The Fed's monetary policy outlook is likely to guide the USD/CAD's near-term trajectory, but on a longer-term horizon, the pair may continue to trend lower.
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FTSE 100, DAX Outlook: Bullish Momentum Slows Ahead of Major Releases

Posted by By 25/07/2023Posted inForex
The FTSE’s bullish advance has slowed while the DAX consolidates ahead of major central bank announcements as well as top US and UK second quarter earnings reports
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USD/ZAR: Price Forecast: Relentless Rand Eyes FOMC

Posted by By 25/07/2023Posted inForex
USD/ZAR prices have dropped to a key support level on the back of encouraging Chinese stimulus news but the focus now shifts towards the FOMC tomorrow.
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Japanese Yen (JPY) Latest: USD/JPY and EUR/JPY Forecasts Ahead of Fed, ECB and BoJ

Posted by By 25/07/2023Posted inForex
The Bank of Japan’s policy decision on Friday is unlikely to show the central bank shifting its ultra-accommodative policy stance but a nod to higher-than-expected inflation may see the currency…
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Subdued Trading Ahead of US Earnings as Traders Await FOMC

Posted by By 25/07/2023Posted inForex
The dollar remains flat as markets keenly await the Fed's interest rate decision while China optimism bolsters commodity linked currencies.
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