EUR/USD Breaks Down to a Two-Month Low as US Dollar Bulls Charge
The Euro is back at lows last seen in mid-April against a resurgent US dollar after Wednesday’s FOMC meeting left US dollar bulls empowered
British Pound (GBP) Price Outlook: GBP/USD Lurches Lower, Start of a New Downtrend?
GBP/USD has broken below support from a trendline connecting the higher lows of an upward-sloping channel in place since March 2020.This could mark the start of a new trend lower.
US Dollar Aims to Extend Fed-Inspired Rise, Eyes Yellen Testimony
The US Dollar aims to extend higher having roared to life in the wake of a momentous Fed policy meeting. Testimony from Treasury Secretary Yellen is now in focus.
Crude Oil Prices Pull Back as USD Gains, But Uptrend Remains Intact
Crude oil prices retreated from recent highs as the Fed’s hawkish signals propelled the US Dollar, weighing on commodity prices. The demand outlook remains bright after inventories fell the most in...
Gold Price Forecast: FOMC Tanks Gold but Fed Patience Key for XAU Recovery
The FOMC decision tanked gold after bond bears drove Treasury yields higher on a less dovish Fed. However, the central bank remains patient, which may help gold as bond markets stabilize.
Australian Dollar Outlook: AUD/USD Looks to Rebound After Blowout Jobs Data
Australian employment data blew consensus forecasts out of the water on Thursday, highlighting the strength of the country’s recovery.
S&P 500 May Lead Hang Seng and ASX 200 Lower as Fed Gives Hawkish Signal
The S&P 500 index pulled back as the Fed’s dot plot signaled two rate hikes are likely by the end of 2023. The US Dollar index surged, weighing on commodity prices. APAC stocks may follow lower at ...
New Zealand Dollar Forecast: Upbeat GDP Revives NZD/USD After FOMC Drop
The New Zealand Dollar rebounded on upbeat gross domestic product (GDP) figures following a sharp turn lower from FOMC-induced Greenback strength.
Brazil Central Bank hikes Selic Rate to 4.25%, Hawkish Bias May Boost the Brazilian Real
Brazil's Central Bank raises its benchmark interest rate by 75 basis points to 4.25% and signals another rate hike of the same magnitude for its next monetary policy meeting.
Dow Jones Price Falls to Key Trendline as Fed Enters Taper Talk Window
The Dow Jones is at risk of a major breakdown after a slightly hawkish Federal Reserve sent stocks lower. Should price pierce the trendline, the Industrial Average could fall further in the days ah...