USD/JPY Rate Tracks US Treasury Yields Ahead of FOMC Rate Decision
USD/JPY carves a series of higher highs and lows ahead of the Federal Reserve rate decision as the 10-Year US Treasury yield climbs to a fresh weekly high (1.65%).
US Dollar Price Action Set Up for FOMC: EUR/USD, AUD/USD Levels
Federal Reserve in focus for markets, but don’t expect fireworks. Fed likely to stick to current script.
Bitcoin (BTC/USD) Recovery Continues, Ethereum (ETH/USD) Cracks a New All-Time High
The cryptocurrency market recovery continues with Ethereum (ETH) leading the way among the heavyweight coins. Bitcoin dominance is now under 50%.
European Equities Technical Outlook: FTSE 100, IBEX 35, CAC 40
Equities hold on to recent gains as they await the latest monetary policy commentary from Powell at today’s FOMC meeting
British Pound (GBP) Outlook Positive as GBP/USD Shrugs Off UK Political Turmoil
GBP/USD has held its ground over the last few days, suggesting underlying strength given a series of claims and counter-claims about Boris Johnson’s ‘competence and integrity’.
Canadian Dollar Forecast: Oil Prices, Covid-19 Infections May Weigh on CAD
Stagnating crude oil prices and a flurry of coronavirus restrictions in several Canadian provinces may weigh on the Canadian Dollar against its major counterparts.
Gold Prices Retreat Ahead of FOMC as Traders Eye Fed Tapering
Gold prices declined for a second day as Treasury yields and the US Dollar climbed. Traders are eyeing any signs of Fed tapering at Wednesday’s FOMC meeting as the economy gathers strength.
Crude Oil Prices Fall on Large Stockpiles Build, OPEC+ Honors Output Cuts
An extensive build in crude inventories sent oil prices lower on Wednesday. OPEC+ scrapped Wednesday’s meeting as oil ministers decided to stick to production cuts agreed at the previous meeting.
Australian Dollar Forecast: AUD/USD Sinks on Weak CPI Figures, Where Next?
The Australian Dollar sank following a weaker-than-expected local CPI print, casting doubt on a less dovish RBA in the months ahead.
AUD/USD May Rise Ahead, Japanese and South Korean Vaccination Efforts in Focus
AUD/USD may see a directional shift in price following today's CPI print for Q1 out of Australia. Meanwhile, Japan and South Korea attempt to step up vaccination efforts.