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Dow Jones Drops, US Dollar Pops As FOMC Cuts But Remains Divided Over Next Move
The Federal Reserve delivered the widely expected 25-basis point cut to markets on Wednesday, but expectations elsewhere were left unmet as the FOMC announced the central bank would not immediately explore quantitative easing.
Canadian Dollar Price Outlook: USD/CAD Rally At Resistance Into FOMC
The Canadian Dollar is down more than 0.28% against the US Dollar since the start of the week with the recent price rally taking Loonie within striking distance of near-term down-trend resistance heading into the FOMC interest rate decision today.
Euro Braces For ECB, Draghi. US Dollar Eyes CPI Data
The US Dollar may get a boost if the Chairman’s comments echo a similar line – if not the exact one – of the central bank’s data-dependent approach to policy.
Australian Dollar Price Outlook: Aussie Breakout Potential Into FOMC
The Australian Dollar is virtually unchanged against the US Dollar since the start of the week and heading into tomorrow FOMC interest rate decision, the focus is on a break of the objective weekly opening-range for guidance.
Crude Oil Prices May Idle As The FOMC Regains The Spotlight
Crude oil prices swung lower intraday – retracing some of the dramatic upward gap registered at the start of the week after an attack on Saudi energy infrastructure – but the correction would not be sustained.
Stocks Mostly Lower As Oil Price Surge Holds After Saudi Attacks
Oil prices and geopolitics combined to keep a lid on risk appetite and send most Asia Pacific stock markets lower on Tuesday.
FX Week Ahead - Top 5 Events: Q2'19 New Zealand GDP & NZD/USD Rate Forecast
The New Zealand Dollar has been able to claw back some of its August losses – it was the worst-performing major currency last month – as risk appetite has been buoyed in early-September.
FX Week Ahead - Top 5 Events: September BOE Meeting & GBP/USD Rate Forecast
There are two primary reasons why traders should keep expectations low for the September BOE meeting.
Gold Price Outlook: Gold Clings To Support Ahead Of The Fed
After a quick return back below the 1500 psychological level, Gold prices have spent the past week grasping to hold support.
Weekly British Pound Forecast: Inflation Report Due Ahead Of BOE Meeting; Brexit Talks Ongoing
With the Brexit talks ongoing, the BOE isn’t expected to move anytime soon; the BOE’s main rate is favored to stay at 0.75% through at least June 2020.
Gold Price, Silver Price Jump After Saudi Arabia Oil Field Attacks
News that Saudi oil fields had been attacked by drones on Saturday - with Iran being heavily implicated – sent gold higher at the start of the week and back above $1,500/oz.
Crude Oil Prices, NOK, Brace For Norges Bank, FOMC Rate Decisions
The Norwegian Krona and Swedish Krona will be in for a hectic week ahead of a slew of central bank rate decisions against the backdrop of escalating political tensions in the middle east.
S&P 500 & DAX Fundamental Forecast
A strong week for equity markets as easing geopolitical and trade tensions supported risk sentiment with open-ended QE from the ECB to provide a helping hand. The S&P 500 has breached the 3000 level with the record high now within sight.
Euro Weekly Outlook: EURUSD Price May Struggle Against Increased Headwinds
The Euro remains near highs not seen since over two weeks ago against the US dollar despite the ECB cutting rates further into negative territory and re-booting the bond buying program.
Gold Prices At Risk If The FOMC, Powell Underwhelm Dovish Markets
Gold prices are likely to be wholly consumed with the Fed monetary policy announcement in the week ahead. Traders are unlikely to show lasting directional conviction one way or another before Wednesday’s fateful outcome.
Top Events Coming Up: June Fed Meeting Preview & EURUSD Forecast
The truce in the US-China trade war has provoked a sharp repricing of Fed rate cut expectations ahead of the September Fed meeting.
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