USD, S&P 500 FORECAST: U.S. dollar slides on Monday ahead of Wednesday’s FOMC decision Meanwhile, the S&P 500 treks upwards following Friday’s selloff, but its moves lack strong conviction The Fed’s monetary policy outlook will be key for financial markets in the near term Trade Smarter – Sign up for the DailyFX Newsletter Receive timely
The market continues to anticipate a Bank of England rate hike later this month and the strong possibility of another one in November. High UK inflation is problematic for the Bank of England as it tries to tame runaway inflation but chief economist Hew Pill wants to keep rate at a higher plateau for longer,
It’s unclear what’s happening in the bond market today as US 30-year yields lead the way higher, up 8.5 bps to 4.288%. The front-end is more subdued with 2s flat at 4.85%, though well-above the post-NFP low of 4.76%. Given the dovish data today, it’s tough to explain why bonds are selling off. I wonder
BITCOIN FORECAST BTC/USD soars and breaks above its 200-day simple moving average, boosted by Grayscale’s legal victory The SEC’s defeat in the U.S. court system may have positive implications for cryptocurrencies This article looks at Bitcoin’s key technical levels to watch in the near term Trade Smarter – Sign up for the DailyFX Newsletter Receive
The market has been laser-focused on inflation for the past year but as prices cool and inflation nears target, the focus will shift to economic strength and for clearer signs of a recession. One of the best economic indicators for the health of the US economy is retail sales and it will be the focus
US Dollar, Japanese Yen, USD/JPY, Bank of Japan – Talking Points: BOJ kept ultra-loose policy settings unchanged. JGB 10-year yield target and band maintained. What is the outlook for USD/JPY and what are the signposts to watch? Recommended by Manish Jaradi Get Your Free Top Trading Opportunities Forecast The Japanese yen dropped against the US