Forex Market News
Updated: 50 min 44 sec ago
Crude Oil has rallied nearly 12% off the August lows with price now approaching structural resistance targets. Here are the key levels that matter on the WTI weekly chart.
The Federal Reserve announced their September interest rate decision tomorrow at 2PM, and all signs appear set for a 25 basis point hike. The big question is what happens after.
The greenback's technical structure continues to suggest further losses in the near-term.
Swiss Franc fell for a second day as the government prepared to announce its proposal for the framework shaping its relationship with the European Union.
Gold prices are looking ahead to the FOMC monetary policy announcement for a potent-enough catalyst to drive a break from choppy sideways trade.
The coming week will lean heavily on central banks directly (rate decisions) or indirectly (inflation and growth data) again.
The Japanese Yen is trading just below yearly range resistance ahead of the FOMC this week. Here are the key price levels that matter on the USD/JPY weekly chart.
Bears continue to push the US Dollar as we near the end of Q3, and EUR/USD is continuing to hold on to last week's bullish breakout. A busy calendar is ahead as we near the Q4 open.
The US Dollar rose on haven demand as China walked away from trade talks with the Trump administration. More of the same may be on tap ahead.
The Philippine Peso and Indonesian Rupiah face rate hikes from not just their central banks, but also from the Fed. Meanwhile emerging markets and stocks look to US Japan trade talks.
Crude oil prices may be back on the defensive having rallied after a weekend OPEC meeting as trade war escalation sours market-wide risk appetite.
The primary fundamental drivers of the past months have taken a notable change in course or have otherwise withdrawn their influence over the broader markets. Is this renewed risk appetite and discounted range of threats a dependable course for the financial system and speculators?
Global stock markets remain bid, especially the U.S., looking to close out month and quarter on a positive note; FOMC on tap for Wednesday.
Signs that Italy will abide by the EU’s budgetary rules has eased some tensions around the Euro, but fears of a ‘hard Brexit’ have once again dampened enthusiasm.
China’s Central Banks launched a new measure to support the Yuan and the Hong Kong Dollar ahead of Fed’s meeting. At the same time, concerns on the US-China trade war continue to pile up.
The Australian Dollar has had a rare run of gains ,which have taken it up to three-week highs. However they may not continue in the coming week
Gold is headed for a break in the next week as it trades narrowly between two trend lines. The precious metal faces bearish sentiment with US equities at all-time highs.
Recent US Dollar weakness looks like tactical position management, not a change of overall direction. The rising trend may resume after the FOMC rate decision.
Sterling came down to earth with a bang as EU leaders roundly rejected UK PM Theresa May’s Chequers proposal, leaving future Brexit negotiations looking precarious.
The world has changed since OPEC met last in June including an EM crisis, Trade war escalations, and further oil market tightening that could tilt the outcome of the plan to hike oil output.