Market Update – US Dollar, Gold, Japanese Yen on the Move, Apple Earnings and NFPs Next
Fed Chair Jerome Powell gave financial markets a slight dovish nudge last night, seemingly ruling out any US interest rate hikes. Yesterday’s weak JOLTs data put the spotlight on Friday’s NFP report.
US Dollar Outlook Post Fed Decision: EUR/USD & GBP/USD – Technical Analysis
This article discusses the short-term outlook for the US dollar from a fundamental and technical standpoint following the Fed’s decision, focusing primarily on two currency pairs: EUR/USD and GBP/USD.
Fed Keeps Rates Steady, Grows Cautious on Inflation; Gold, USD, Yields Await Powell
The Federal Reserve held interest rates unchanged for the sixth consecutive meeting, in line with expectations. Powell may offer more clues about the policy outlook during his press conference.
Japanese Yen Ticks Lower Again as Market Looks Past Intervention Jitters to Fed
It seems highly likely that Tokyo intervened to boost the Yen this week. But, if it did, it didn’t get much for its money.
Euro Latest Outlook – Bearish Technical Signal Halts EUR/USD Ahead of FOMC Decision
The Euro is struggling against the a resurgent US dollar as rate cut expectations between the two continue to widen. Today’s FOMC may underpin thoughts that the Fed is comfortable with rates staying higher for longer.
US Dollar, Yields Receive Bullish Boost Ahead of FOMC Meeting
Increased US employment costs over the last three months rose above the maximum estimate, lifting USD and adding to recent price pressures. Will the Fed respond?
Fed Preview: Powell Could Fire Hawkish Warning Shot – Gold, S&P 500 Setups
This article offers an exclusive preview of the upcoming Fed monetary policy announcement scheduled for Wednesday. Furthermore, we examine the technical outlook for gold prices and the S&P 500.
Oil Prices Drop after US Employment Data Lifts USD, FOMC Next
Oil prices dropped after the EIA revised total US oil demand (Feb) higher. A surprise in US employment costs also sparked a rise in USD, weighing on oil
British Pound Down But Paring Losses Vs Dollar As Market Looks to Fed
Sterling has benefitted from increased risk appetite, but its rise seems to be losing a bit of steam
Surprise German, EU Growth Buoys the Euro as Inflation Moderates
Largely positive German and EU growth data has the euro making up some lost ground, preparing the landscape for the highly anticipated ECB’s cut in June