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Markets appear to be bracing for a possible shift to a more hawkish message in the FOMC statement today (there will be no press conference or projections released at this meeting). Copy signals, Trade and Earn $ on Forex4you - https://www.share4you.com/en...
Investors will focus on the FOMC statement looking for indications that the policy rates will be going up before long, potentially as soon as June...
RBS lays out three potential scenarios for today's FOMC statements highlighting the related FX strategies in each of these 3 scenarios: 1...
What the Bank of Japan Can Do - BBH According to analysts from Brown Brother Harriman, the Bank of Japan could cut the deposit rate further into negative territory and/or increase the assets it is currently buying or it could offer new types of credits...
FOMC Preview: What to Expect of EUR/USD? The Federal Open Market Committee (FOMC) will announce its monetary policy decision when it concludes its two-day meeting at 18:00 GMT and it is broadly expected to keep rates unchanged at 0.25-0.50...
USD/CAD Jumps to 1.2650 as Crude Oil Reverses USD/CAD erased losses in a few minutes boosted by a decline in crude oil prices and rose back above 1.2650. CAD weakens The loonie turned lower across the board after crude oil prices tumbles following inventory data...
Triangle has broken through the support line at 27-Apr-08:30 2016 GMT. Possible bearish price movement forecast for the next 9 hours towards 1.831. Supporting Indicators : RSI above 60 Resistance Levels : ( B ) 1.8438Last resistance turning point of Triangle...
Low Inflation, on Its Own, Not a Trigger for RBA Rate Cut Data released earlier today showed Australia’s Q1 headline CPI figures came in at -0.2% q/q versus +0.2% expected and +0.4% previous. The trimmed mean CPI stood at +0.2% versus +0.5% expected and against +0.6% last...
FxWirePro: GBP/USD Maintains Bullish Bias With Focus on 1.4650 Levels The GBP/USD pair inched higher in the European session after British GDP data printed positive figures. But, the pair turned back after failing to break resistance level 1...
FxWirePro: Cable's Break-Out of Resistance at 1.4573 Questionable for Sustenance Breaks resistance at 1.4573 levels but could not sustain the rallies. So, can this be another opportunity for shorts in GBPUSD? Breaks resistance at 1...
USD/CHF Declines but Still Holds Above Yesterday’s Lows USD/CHF is falling for the third day in a row as it retreats after last week rally when it climbed from 0.9570 toward 0.9800. USD/CHF levels ahead of the FED The pair today peaked during the Asian session at 0...
EUR/USD Remains Capped by 1.1330 EUR/USD remains capped by the 1.1330 area, unable to extend gains beyond that level despite several attempts over the last sessions. EUR/USD has been seesawing around the 1...
USD Could be Oversold - Rabobank According to analysts from Rabobank, the USD direction in the near-term depends on the signals coming from the Federal Reserve. They note that the Fed is still the most hawkish G10 central bank and that the USD might be oversold...
EUR/JPY Hits 3-Week Highs but Fails to Rally Above 126.00 The euro continues to move with a bullish bias against the yen, extending the recovery after falling last week to the lowest level in years below 122.00. Today EUR/JPY climbed during the European session to 126...
USD/JPY Directionless Around 111.00 USD/JPY continues to trade directionless around the 111.00 level, unable to set short-term direction as investors remain sidelined ahead of the Fed and the BoJ monetary policy decisions to be announced over the next hours...
Gold Holding Steady Below $1250 On Wednesday, Gold prices moved higher for third consecutive day as Tuesday weak US economic data reassured investors that the Fed is likely to move slowly in raising interest rates...
CAD/JPY Faces Strong Resistance at 88.68, Break Above Targets 90 Major resistance- 88.68 (200 day MA) The pair has made a high of 88.49 at the time of writing and declined from that level. It is currently trading around 88.34. Short term trend is slightly bearish as long as resistance 88.70 holds...
GBP/USD Fails to Sustain Strength above 1.4600 Mark Following the release of UK GDP print, which matched consensus estimates, the GBP/USD recovered from early losses and climbed back above 1.4600 mark just to erase all of its gains to trade nearly unchanged from yesterday's close...
EUR/USD Bounces from Lows sub-1.1300 EUR/USD retreated from daily highs and briefly dipped below the 1.13 mark, although the pair managed to quickly regain the psychological level. EUR/USD slid to the 1.1290 area at the beginning of the American session but turned higher and rose to 1...
