S&P 500 Rallies to Six-Week-Highs, US Dollar Sinks to Support on FOMC
The Fed hiked by 75 while keeping the door open for more, and this led to a strong response in stocks as the S&P 500 hit a fresh six-week-high.
US Dollar Holds the High Ground Ahead of Fed Decision While Crude Oil Languishes
The US Dollar mostly held onto overnight gains as the market jockeys for position ahead of the Fed decision later today. Will a hike boost USD to sink WTI?
NZD/USD Submits to Stronger US Dollar as Traders Prep for Volatility
The New Zealand Dollar fell as an overnight risk-off move supported the US Dollar. APAC traders are bracing for several high-impact events over the next 24 hours, including Australian inflation data.
US Dollar Price Action Setups: EUR/USD, GBP/USD, AUD/USD, USD/JPY
The US Dollar is bouncing from a support test ahead of tomorrow’s FOMC rate decision. EUR/USD carries breakdown potential as AUD/USD aims for recovery.
US Dollar Poised for Action Ahead of the Fed and GDP Event Risk. Where to for DXY?
The US Dollar gave up some ground today as markets ponder an imminent Fed rate hike that has stoked growth concerns but lifted some commodities. Will a hike lift the USD?
AUD/USD Stalls at 50-day SMA as APAC Markets Weigh Growth Concerns
The Australian Dollar rose overnight against a slightly weaker US Dollar despite weakness on Wall Street. The economic docket is light for today, but traders are preparing for a busy week ahead.
Gold Price Forecast: Gold Test of Key Support Leads to Resistance Rally
Gold prices put in their first green week since early-June after running into a major spot of support. But, price has already started to test resistance and this week’s economic calendar is loaded.
Euro Consolidates Post ECB Hike as US Dollar Eyes Fed Move. Where to for EUR/USD?
The Euro has traded in a range for the last week despite the ECB lifting rates by more than expected. The focus now shifts to the Fed decision this week. Will it move EUR/USD?
Australian Dollar Forecast: AUD/USD Faces a Busy Week Ahead
The Australia Dollar traded higher last week as global sentiment improved. AUD/USD faces another buys week ahead, with Australian Q2 inflation data due out. Traders are also watching newswires out …
Bitcoin Prices Stall Despite Weak US Dollar as China Risk Lingers
Bitcoin prices stalled after narrowly rising above resistance despite a softer US Dollar. Meanwhile, China continues to grapple with Covid as Australian PMIs show slower economic growth.