The data is due at 8.30 am US Eastern time. Preview comments via CIBC: August CPI will be the final piece of the puzzle for the Fed ahead of its September meeting We expect the last few soft readings to start to form a trend, with core CPI in August expected to come in at
The next Federal Open Market Committee (FOMC) decision is due on September 20 and will also include and updated Summary of Economic Projections. The CME ‘Fed Watch’ tool shows markets are pricing a 93% probability of no change to to the Fed Funds rate at this meeting. لینک منبع : هوشمند نیوز
Share: NZD/USD rose to a high of near 0.6000 but settled near 0.5950. RBNZ held rates steady at 5.5% as expected but sounded hawkish. Investors await key FOMC minutes for forward guidance. On Wednesday, the NZD/USD traded strongly following the Reserve Bank of New Zealand (RBNZ) decision but failed to maintain its momentum and
Recommended by Daniel Dubrovsky Get Your Free USD Forecast The US Dollar outperformed its major counterparts this past week, with the DXY Dollar Index gaining over 0.8 percent. In fact, the DXY just wrapped up its 4th consecutive weekly gain. The last time the same winning streak occurred was back in February. A 5th push
Dow, DAX Index Analysis Recommended by Richard Snow Get Your Free Equities Forecast DAX Pushes Past Significant Resistance as Earnings Season Continues The DAX received a boost ahead of the ECB rate announcement today as earnings season grips the German index. A broad list of stocks that have reported positive earnings updates this week are
As the Fed decision looms at the top of the hour, the major indices are trading lower led by the NASDAQ index. The Dow is down marginally. A close lower today would snap its 12-day winning streak. The record is 13 straight days of gains. A snapshot market currently shows: Dow industrial average -3.28 points
Euro Analysis (EUR/USD, EUR/JPY) Recommended by Richard Snow Get Your Free EUR Forecast FOMC to Hike by 25-bps in July but Where Will Rates Peak? The FOMC concludes its two-day meeting with the monetary policy statement at 19:00 UK time today. A string of encouraging inflation prints have allowed markets to entertain the possibility that
S&P 500, Nasdaq Analysis Recommended by Richard Snow Get Your Free Equities Forecast Markets Brace for the Fed’s Rate Decision Market participants eagerly await the FOMC statement and press conference where we will hear form Jerome Powell as he answers questions around the terminal rate and whether or not we’ll see further hikes from here?
Share: USD/CAD struggles to gain momentum beyond the 1.3200 area on Wednesday. The pair holds below the 50- and 100-hour EMAs with a downward slope. The immediate resistance level is seen at 1.3200; the initial support level is located at 1.3145. The USD/CAD pair attracts some follow-through buying but struggles to gain momentum
TD is anticipating that the Fed will raise rates by 25 basis points, which will be the final increase. Even so, the analysts go on, the FOMC will likely continue to validate the dots while maintaining a hawkish tilt. It follows the tried-and-true “have your cake and eat it too” strategy. TD says they believe
