Most FX traders – and investors in most assets for that matter – are eagerly awaiting the FOMC rate decision Wednesday afternoon. Pairs like EURUSD and GBPUSD may prove difficult to read given the ECB and BOE decisions due the following day. Yet, for USDCAD, the Fed view will find a stable counterpart.
Gold prices have been a one-way bet for three months, posting gains on a softer Dollar and hopes that the Fed is losing its enthusiasm for interest rate hikes
Headline inflation in the Euro Area is falling sharply, according to initial Eurostat data, with lower energy prices helping to cut the cost of living.
USD/JPY looks ahead to the Fed’s interest rate decision with caution as the Yen flirts with the 130 handle.
The gold price rejected a move lower overnight as the US Dollar is poised ahead of today’s all-important Fed rate decision with the attention turning to post-decision press conference.
Learn how to trade forex news at the release with our top news trading strategies
US Consumer confidence decreases in January as investors see higher interest rates and a decrease in cost cutting are expected to weigh on the labor market.
EUR/USD is under pressure as it preps for tomorrow’s Fed rate decision.
USD/JPY is stuck on Fed-Watch but whether its recent gains can be consolidated is a big question
GBP/USD struggled to hold above the 1.24000 level as the DXY found some buyers ahead of the FOMC meeting. Could the central banks inspire a breakout after 10 days of rangebound trading?