USDCAD Offers a More Direct Contrast on Rates Post-Fed
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 Bulls Look Tired After Strong Run Into 2023
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
Euro Breaking News – Euro Area Headline Inflation Falls Sharply, EUR/USD Little Changed
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.
Japanese Yen Outlook: USD/JPY Scans 130 Ahead of Fed
USD/JPY looks ahead to the Fed’s interest rate decision with caution as the Yen flirts with the 130 handle.
Gold Treads Water Ahead of a Cascade of Central Bank Hikes. Where to for XAU/USD?
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.
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USD Breaking News: CB Consumer Confidence Declines Ahead of FOMC
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.
Euro Forecast: USD Controlling EUR/USD Price Action Dismissive of Positive EZ Data
EUR/USD is under pressure as it preps for tomorrow’s Fed rate decision.
USD/JPY Breaks Key Downtrend Line But Bulls Have Work to Do
USD/JPY is stuck on Fed-Watch but whether its recent gains can be consolidated is a big question
GBP/USD Retreats as the Fed and BoE Hog the Limelight
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?