ForexLive Asia-Pacific FX news wrap: Limited FX ranges

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Fed Stays Put, Keeps Hiking Bias; Gold & US Dollar Display Limited Volatility

FOMC INTEREST RATE DECISION KEY POINTS The Federal Reserve stands pat on monetary policy, keeping interest rates unchanged at 5.25%-5.50% for the second straight meeting Forward guidance leaves the door open for further policy firming Gold and the U.S. dollar display limited volatility after the FOMC statement was released as traders await Powell’s press conference

Israel ground offensive underway but so far the fighting is limited to Gaza

It’s tough to assess in exactly is happening in Gaza because electricity and communications have been largely cut off but it appears as though Israel’s ground offensive is underway. It came with an overwhelming number of airstrikes and reports of tanks entering in the northeastern corner of Gaza. In any case, it hasn’t expanded into

EURUSD stays above hourly moving averages today, but upside is limited.

The EURUSD did find support bars against its 200-hour moving average 1.05665 (green line on the chart below), and remained above its rising 100-hour moving average 1.05616 as well.. That’s a short-term tilt to the upside. The not so hot news is that the high price stalled near the 1.0600 level after extending above the

Morgan Stanley says the near-term risk to oil supply is limited

Morgan Stanley assessed the impact on oil markets from the brutal Hamas attack on Israel. said that as neither Israel nor its direct neighbours are large oil producers the near-term risk to oil supply is limited MS did add though something to watch out for: “However, that could change in case the conflict were to

Dollar steadies ahead of Fed meeting; trading ranges are limited By Investing.com

© Reuters. Investing.com – The U.S. dollar traded largely unchanged in early European trade Tuesday, drifting ahead of the start of the latest two-day Federal Reserve policy meeting, the highlight of several key central bank rate decisions this week. At 03:20 ET (07:20 GMT), the Dollar Index, which tracks the greenback against a basket of

NZD/USD gains ground and threatens the 20-day SMA, upside limited

Share: NZD/USD is seeing 0.30% gains and rose to 0.5915. Inflation accelerated in August, driven by higher gasoline prices. US yields initially soared to two-week highs and then consolidated.  Fed tightening expectations are still high. In Wednesday’s session, the NZD/USD increased towards 0.5915, near the 20-day SMA of 0.5922. That being said, the upside potential

USD/CAD remains limited by 1.3250, Loonie not impressed by Canadian data

Share: Canadian GDP expanded 0.3% in May. US data shows core consumer inflation slowing down. USD/CAD moves sideways on Friday, remaining near the levels it had a week ago. The USD/CAD dropped to the 1.3200 area following US and Canadian economic data but then rebounded, approaching the key resistance area at 1.3250. The

Pound’s Rebound Limited به عنوان آزمایش “Trussonomics” جاده پر از دست انداز را برای Sunak هموار کرد توسط Investing.com

© رویترز نوشته یاسین ابراهیم Investing.com — بازگشت پوند از زمان رسیدن به پایین ترین سطح تاریخ ممکن است به زودی از بین برود زیرا چالش های پیش روی نخست وزیر جدید ریشی سوناک به دنبال سیاست های زیان آور اقتصادی “Trussonomics” نخست وزیر مستعفی لیز تراس عمیق تر شده است. 0.2% کاهش یافت و