Risk-linked currencies AUD and NZD remain under pressure ahead of the outcome of the FED meeting.
Both the currencies edging lower against the US dollar.
The key support levels to watch today⬇️
AUDUSD: 0.7290 and 0.7240
NZDUSD: 0.6910 and 0.6870
The king dollar slipped against most majors on Wednesday as the USD traders remained cautious of FOMC interest rate decision and the Fed Chair Jerome Powell press conference. The central bank is scheduled to issue its policy statement at 18.00 GMT. The Federal Open Market Committee is expected...
Inflation is the focus this week, with a US report on consumer prices and Federal Reserve Chairman Jerome Powell’s testimony on Capitol Hill.
The US CPI is expected to post another significant gain in June, underscoring a run-up in inflation as the economy emerges from the coronavirus...
US Dollar Index rebounded back to above 92.50 on a strong safe-haven bid.
Crude Oil prices slightly recovered while GOLD stays above $1800 ahead of FED minutes.
EURO remains lower against the US dollar and British pound.
Read more- https://gulfbrokers.com/en/daily-market-report-344
US Dollar remains extra volatile after the FED meeting. DXY jumped to a 2-months high.
GOLD price testing the key level 1800.
Crude Oil prices struggling to find the upside momentum after strong inventory data.
Read more- https://gulfbrokers.com/en/daily-market-report-330
GOLD and Global stocks flat as investors await Fed update.
The British pound rebounded after the UK inflation report.
Oil prices extend higher boosted by better-than-expected API data.
Technical analysis - GBPUSD and Gold
Read more- https://gulfbrokers.com/en/daily-market-report-329
The two days FOMC meeting began Tuesday and concludes with a statement and a press conference due later today. The central bank scheduled to issue its policy statement at 18.00 GMT. Fed is expected to hold its federal fund's rate steady and bond-buying at a $120 billion monthly pace. The key...
The dollar has slipped this month as the Federal Reserve stuck to its message that it won’t raise interest rates soon, despite forecasts that the U.S. economy will recover faster than its peers.
The greenback is down more than 1% against the currencies of its biggest trading partners so far in...
Jerome Powell has a goal that is bigger than the bond market’s near-term inflation concern.
In perhaps his most forthright press conference since taking the helm of the central bank three years ago, the Federal Reserve chair laid out some critical messages for investors who have been propelling...
Markets are trading quite ahead of the central bank meetings. The investors waiting for feedbacks from the worlds largest central banks Federal Reserve, Bank of Japan and Bank of England after the latest changes in the economic outlook.
Recently global stocks climbed to fresh heights. Most...
Last Wednesday, the Federal Reserve officials concluded one of the most active years in the central bank’s history, as it put final touches on their plans to support the economy for longer than they have following prior downturns.
Fed officials slashed their short-term interest rate to near...