Forex Market News
Updated: 58 min 37 sec ago
While the immediate threat remains for a move lower, the decline may offer more favorable long-entries. Here are the updated targets & invalidation levels that matter.
AUD/USD snaps the monthly opening range, with the pair at risk of trading to fresh September lows as the RBA tames speculation for an imminent rate-hike.
The Fed announced balance sheet reduction along with the expectation for another hike this year, and the BoJ reiterated their uber-dovish stance. This opens the door for a variety of interesting setups, with key focus on both EUR/USD and GBP/USD.
The FOMC's signals for the start of unwinding QE and another rate hike by the end of the year were exactly what the US Dollar needed to turn the corner.
Crude oil prices rose to a four-month high as OPEC-led producers stepped up output cut efforts and US refining showed signs of post-hurricane resilience. A hawkish Fed sank gold.
The Kiwi rally is vulnerable as prices push into a key resistance confluence ahead of major event risk. Here are the updated targets & invalidation levels that matter.
Fresh forecasts from Fed officials may influence the near-term outlook for EUR/USD as market participants gauge the timing of the next rate-hike.
Today brings a rather pivotal FOMC rate decision as the bank looks to start the process of reversing QE. The big question is whether the Fed can evoke any element of strength in an extremely weak U.S. Dollar.
The key feature of today's FOMC rate decision will be whether or not the balance sheet normalization process commencement is announced.
Gold prices may face renewed selling pressure after a brief respite near three-week lows if Federal Reserve officials opt against a downgrade of June’s rate hike outlook through 2019.
The US Dollar is likely to rise or fall based on revised projections for the Fed rate hike path through 2019, with the start of "quantitative tightening" passing without fanfare.
A breach of multi-year trendline resistance has taken GBPJPY to fresh yearly highs. Here are the updated targets & invalidation levels that matter.
Crude oil prices remain bid as the Organization of the Petroleum Exporting Countries (OPEC) appear to be on course to further reduce supply.
The British Pound jumped Tuesday on a report that UK Foreign Secretary Boris Johnson is close to resigning before falling back after he denied it.
Tomorrow brings a pivotal rate decision from the Federal Reserve. Will they announce the start of Quantitative Tightening, and if they do - what will the market response be in the U.S. Dollar?
Like barometric pressure dropping before a thunderstorm, market volatility has cooled off as is typical in the run-up to a FOMC rate decision.
Crude oil prices are struggling to build higher after rising to the strongest level in seven weeks. API inventory flow data may help break the standstill.
The Euro may overlook the German ZEW gauge of investor confidence while comments from BOE FPC member Donald Kohn help the British Pound retrace more of its recent gains.
A top UK official involved in the Brexit talks has moved departments and UK Foreign Secretary Boris Johnson has been accused of ‘backseat driving’ but the Pound has shrugged it all off.
This week's calendar brings two really big Central Bank events. With Q4 just around the corner, might we be near a bottom in the U.S. Dollar?