US Dollar Sinks on Fed Dovish Pivot, Setups on EUR/USD, USD/JPY, GBP/USD
This article focuses on the technical outlook for major U.S. dollar pairs such as EUR/USD, USD/JPY and GBP/USD, examining key price levels after the Fed’s dovish pivot.
Oil Price Forecast: Oil Rises as OPEC+ Predicts Record Demand in 2024
Oil prices shook off the COP28 deal to phase out fossil fuels as OPEC+ doubles down on its demand forecasts for 2024. Will the IEA report due tomorrow concur with the cartel?
Euro Price Forecast: EUR/USD Bid Post-PPI as FOMC Looms
EUR prices clawed back lost gains after US PPI data missed estimates thus adding to the dovish narrative as the FOMC announcement draws near.
FTSE 100, Dax 40 and Russell 2000 Consolidate Ahead of FOMC Meeting
Outlook on FTSE 100, DAX 40 and Russell 2000 ahead this evening’s Fed rate announcement.
Gold (XAU/USD) Struggles to Find Support Ahead of Eagerly Awaited FOMC Decision
The Federal Reserve Bank will announce its last policy decision of the year later today, accompanied by their updated quarterly forecasts. Will these be enough to stop gold falling further?
AUD Forecast: FOMC Communication Pivotal for Australian Dollar
AUD prices remain hesitant ahead of the FOMC announcement later today. US PPI will also contribute to recent economic data.
UK Breaking News: GDP Misses Forecasts, Sterling Dips Ahead of FOMC
UK GDP disappoints ahead of major central bank meetings. The pound is understandably weaker heading into the FOMC and BoE meetings
Nasdaq 100 Consolidates Higher After Breakout. Will the Fed End Exuberance?
The Nasdaq 100 consolidates higher and reaches its best level since early 2022 after pushing past key resistance levels, but the Fed may end its upward momentum if it issues a hawkish policy outlook.
Gold Price Forecast: Sellers in Control Following Failed $2000 Retest, FOMC Next
Gold’s attempt to break back above the $2000 mark was met with selling pressure today as US CPI data provided a somewhat mixed bag. Will the FOMC assist Gold bulls or are we in for further downside?
US Dollar on Edge Before Fed Decision, Technical Setups on EUR/USD & GBP/USD
This article analyzes the technical outlook for EUR/USD and GBP/USD, identifying significant price levels poised to act as support or resistance ahead of the Fed’s monetary policy announcement.