DXY Firmly Focused on Fed Rate Announcement

U.S. DOLLAR ANALYSIS Stout US economy may extend appetite for future rate hikes. Fed expected to hold rates at current levels. Bearish divergence suggests short-term dollar weakness to come. Recommended by Warren Venketas Get Your Free USD Forecast DOLLAR INDEX FUNDAMENTAL FACTORS The US dollar had a rollercoaster of a week with beginning with mixed

Dollar strengthens following strong U.S. data and ECB rate hike By Investing.com

© Reuters. The U.S. dollar retained its gains against peers on Friday, following strong U.S. economic data and a rate hike by the European Central Bank (ECB). The currency’s strengthening came in response to higher-than-expected U.S. retail sales and an ECB decision that prompted a drop in European yields. U.S. retail sales for August were

All Eyes on the Bank of England Rate Decision

GBP/USD Analysis and Charts The Bank of England is likely to raise rates by 25bps next Thursday. Will the BoE follow the trend of a ‘hike and hold’ For all market-moving economic data and events, see the DailyFX Calendar Recommended by Nick Cawley How to Trade GBP/USD Next week’s Bank of England interest rate decision

ECB hawks trying to keep the door open for more rate hikes

This might be what is helping the euro a little so far today, as the FT is reporting that several of the ECB’s more hawkish members are of the view that there could be another rate hike in December if wages and inflation pressures continue to persist. It cites three policymakers in saying that: “I

How Will the US Dollar React to Fed Rate Decision Next Week?

US Dollar Scenarios Ahead of FOMC – Talking Points: The US dollar’s short-term uptrend remains intact ahead of the FOMC meeting. The Fed is highly likely to keep rates unchanged next week. The Statement of Economic Projection could be particular interest. How is the greenback likely to react? Recommended by Manish Jaradi Traits of Successful