Author: FX
The FOMC will announce a rate decision at 2 PM ET. The rotations are 25 basis points although the regional bank pressure has brought down the expectations a bit ahead of that rate decision. The question may be how can the Fed The Fed “The Fed” is a short-hand that refers to the Federal Reserve or Federal Reserve System, the central banking system of the United States. Traders often discuss the actions of the Fed, primarily interest rate decisions, as they significantly impact all financial markets.The Fed shouldn’t be confused or substituted with the term “the Feds” and doing so…
I remember shelling out big bucks a couple of years ago for one of those mammoth, motorized people transports you and I call an SUV. Boy, that sucker was huge! As I sat in my new (used) car, images of scaling mountains and crossing desert terrains filled my imagination. Hill climbing, rock climbing, mountain climbing, here I come! And then… a tap on the shoulder. The salesman awoke me from my vegetative state of drooling to show me the final all-in purchase price. Wow! Sticker shock! The images of grandeur disappeared and now all I could see are all the…
Share: EUR/JPY extends the weekly correction to the sub-150.00 zone. Further retracement could see the cross retest the 146.30 region. EUR/JPY adds to Tuesday’s decline and breaches the key 150.00 support on Wednesday. The underlying bullish stance appears unchanged so far, although the ongoing correction carries the potential to extend to the weekly low at 146.30 (April 25), where the cross is expected to meet decent contention. So far, further upside looks favoured while the cross trades above the 200-day SMA, today at 142.60. EUR/JPY daily chart Source link
London +0.46%Germany +0.58% France +0.55% The pan-European Stoxx 600 edged +0.48% higher, as global investors brace themselves for the U.S. Federal Reserve’s latest monetary policy decision. Most sectors in the greenComing up in the session: Euro unemployment rate expected shortly.In the bond market, The yield on US 10-year Treasuries down five basis points at 3.39%.Germany’s 10-year yield was up three basis points to 2.22%.Britain’s 10-year yield was down three basis points to 3.64%.ETFs: (EWG), (GF), (EWI), (EWQ), (EWGS), (FGM), (DBGR), (DXGE), (HEWG), (DAX), (FLFR), (FLGR), (FLIY), (FXB), (EWU), (FKU), (EWUS), (HEWU), (FLGB). Source link
USD/JPY ANALYSIS & TALKING POINTSBanking crisis hangs over the heads of investors.FOMC under the spotlight today as economic slowdown concerns gain traction.Ascending triangle breakout potential on daily USD/JPY. Recommended by Warren Venketas Get Your Free JPY Forecast JAPANESE YEN FUNDAMENTAL BACKDROPThe Japanese Yen received some much needed support both yesterday and today from risk aversion in financial markets as recessionary fears grow. Although important market influencers like the JP Morgan CEO Jamie Dimon stated that he believes the crisis is nearing its end, market participants shrugged off this sentiment in favor of a more cautious approach and preference for safe-haven…
Japan and China bourses were closed for holidays and elsewhere markets were still rattled by the drop in Wall Street and fresh jitters at US regional banks. Asian stocks declined while US futures steadied on Wednesday as markets wait for the Fed announcement. Lingering concern over the health of the financial system should add to the arguments of the cautious camps at central banks, but policy sensitive short term bonds are underperforming this morning. Treasuries are holding a strong haven bid on worries over the regional banking sector. The sentiment is mixed by recent data…
Weak U.S. data and bank jitters got the dollar bears excited earlier this week! In case you missed it, the U.S. dollar lost most of its intraweek gains after a report showed U.S. layoffs growing to their highest levels since 2000 while the rate of job quitters fell to a two-year low. Meanwhile, U.S. factory orders also missed their estimates. Not good when traders are already worried about the U.S. debt ceiling and the Fed raising its interest rates despite signs of a growth slowdown. The U.S. dollar index (DXY), which hit 102.40 this week, is now trading closer to…
Rise in energy costs smaller than what we forecast six months agoBut tight labour market, services demand to fuel domestic inflation pressuresJust some token remarks in general but these are a bit of a heads up to the next set of economic forecasts, which will be unveiled this coming Friday. Source link
Cable’s short-term uptrend is looking pretty solid right now! Is it time to go with the flow with this bullish divergence forming? As you can see from the chart below, GBP/USD has formed higher lows while Stochastic made lower lows, suggesting a buildup in upside pressure. GBP/USD 1-hour Forex Charts by TV In that case, the pair might be able to sustain its bounce off the ascending channel bottom and set its sights on the next resistance levels. Pound bulls could aim for the top of the channel near the 1.2600 major psychological mark or at least the mid-channel area…
Share: Natural Gas price grinds higher after reversing from two-week low, prints the first daily gains in three. Clear downside break of 100-SMA, bearish MACD signals favor XNG/USD sellers. Two-month-old descending trend line appears crucial hurdle for Natural Gas buyers to tackle. Natural Gas (XNG/USD) price seesaws around the intraday high of $2.32 as bulls await fresh clues to extend the previous day’s rebound from a 12-day low. In doing so, the energy instrument traces the broad market anxiety ahead of the key Federal Open Market Committee (FOMC) monetary policy meeting announcements early Wednesday. It’s worth noting that the…