Crude Oil Price Boosted by Dwindling Inventories and a Soft US Dollar After Fed Hike
Crude oil got a lift from data that revealed stockpiles of black gold had fallen in the US and a post Fed sell off for the US Dollar. Will WTI…
EUR/USD Post-Fed Rebound Susceptible to US GDP, PCE Report
EUR/USD may struggle to retain the rebound from the yearly low (0.9952) as US data prints are likely to keep the Federal Reserve on track to implement higher interest rates.
Australian Dollar Eyes Retail Sales as Iron Ore Rises, US Dollar Falls
The Australian Dollar may continue rising against the US Dollar if Australian retail sales impress as iron ore prices rise. AUD/USD is nearing its post-wedge breakout target.
Oil Price Breaks Out of Descending Channel After Testing 200-Day SMA
The price of oil appears to be breaking out of a descending channel amid the failed attempts to close below the 200-Day SMA ($94.20).
S&P 500 Rallies to Six-Week-Highs, US Dollar Sinks to Support on FOMC
The Fed hiked by 75 while keeping the door open for more, and this led to a strong response in stocks as the S&P 500 hit a fresh six-week-high.
How Technical Levels Will Develop In Q3 of 2022
DailyFX analysts give their expert predictions and their 2022 Q3 forecasts to help you with your trading strategy and analysis, minimizing risk and maximizing returns. Predictions our analysts offe...
Fed Raises Rates by 75 Basis Points at July FOMC in Fight to Quell Inflation
The Fed delivers another 75 basis points hike at its July FOMC meeting, bringing the policy rate to 2.25%-2.50%, a sign that the central bank remains committed to restoring price…
3 Key Trading Lessons From Top Women Traders
The future of finance is in women traders. Here are Daily FX’s top 3 tips for female traders who are interested in getting started or growing their investments. For more…
Rand Dollar News: USD/ZAR Falls Below 17.00 Ahead of Fed Decision Day
The South African Rand has remained resilient against the US Dollar. All eyes on the FOMC and Fed Press Conference. Can USD/ZAR break resistance?
EUR/USD Short-term Technical Outlook: Euro Recovery Stalls into Fed
Euro is on the ropes ahead of today’s Fed rate decision with a recovery off downtrend support now vulnerable. Levels that matter on the EUR/USD technical charts.