Further de-risking took hold of Wall Street overnight, as the usual caution persisted in the lead-up to the Federal Open Market Committee (FOMC) meeting, albeit with some paring of losses into the latter half of the session. Treasury yields resumed their ascent to retest their multi-year highs, seemingly reflecting increased positioning for a hawkish-pause scenario
Share: The EUR/USD couldn’t extend recovery motivation after getting knocked back by Lagarde. Friday rebound facing downside pressure as US Dollar maintains strength. Next week sees market movers on the cards with EU inflation figures, FOMC. The EUR/USD is set to close out Friday’s trading on the back foot, testing the week’s lows
USD/CAD FORECAST USD/CAD rises as U.S. Treasury yields push higher following strong U.S. economic data Bank of Canada keeps interest rates unchanged, but says additional hikes should not be ruled out BoC’s hawkish hold fails to support the Canadian dollar, as the broader U.S. dollar drives FX market dynamics Trade Smarter – Sign up for
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
GBP/USD, DXY PRICE, CHARTS AND ANALYSIS: GBP/USD Looks to Recover Yesterdays Losses and Holds Above the 100-Day MA Ahead of US Data. Price Action Remains Choppy as Cable Eyes Clarity from US Data. Will September Provide More Clarity? IG Client Sentiment Shows Retail Traders are Net Long on Cable. As We Take a Contrarian View
It has been a poor month for gold but the technical picture shows that it could’ve been a whole lot worse. Gold is now trading back to around $1,923 but was close to around $1,885 at the lows this month – its lowest levels since March. Gold (XAU/USD) daily chart So, what does the technicals
Crude Oil, WTI, Brent, Fed, Powell, Jackson Hole, US PMI, EIA – Talking Points The crude oil price is treading water as markets await Fed views Weak US PMI data appeared to overwhelm EIA inventory figures Markets are poised for clues from the Fed. Will WTI break support? Recommended by Daniel McCarthy Traits of Successful
Coming up at 2pm New Zealand time on Wednesday, 16 August 2023 is the RBNZ policy decision. 0200 GMT and 10pm US Eastern time (on Tuesday, 15 August 2023) RBNZ Governor Orr’s press conference will follow an hour later Preview comments via ANZ: We expect the RBNZ will leave the OCR unchanged at 5.50%, reiterating
Share: Gold weakness has extended back to key support at $1,898/1,893 but strategists at Credit Suisse continue to look for a floor here. Weekly close below $1,893 would reinforce the longer-term sideways range We look for key support and the 38.2% retracement of the 2022/2023 uptrend, 200-DMA and June low at $1,900/$1,891 to
Japanese Yen, USD/JPY, RSI Divergence – Technical Update: Japanese Yen closes at weakest against USD in over a month USD/JPY broader upside path places focus on the June high 4-hour chart shows fading upside momentum at resistance Recommended by Daniel Dubrovsky Get Your Free JPY Forecast The Japanese Yen recently closed at its weakest point
