Author: FX
The Fed’s latest decision sent shockwaves through markets, fueling a stock rally and major moves across currencies and commodities. The dollar started strong but lost steam after Powell’s remarks, bitcoin soared past $86,800, and gold hit another record as traders weighed the evolving economic outlook. Here are the major drivers and moves you may have missed in the previous trading sessions! Headlines: BOJ kept rates steady as expected, members to re-evaluate “uncertain U.S. and global outlook” in April Japan Reuters Tankan sentiment index fell from +3 to -1 in March on concerns about U.S. tariff policies and weakness in China’s…
Forex traders have a big challenge: making sense of complex economic data. GDP figures are key, but understanding their impact on currency markets is tough. Without the right analysis, traders might make big mistakes. The good news is that mastering GDP data and forex market analysis can give traders an edge. This knowledge lets them make smart choices, find good opportunities, and handle market changes with confidence. Key Takeaways GDP data is a vital economic indicator for forex traders. Understanding GDP releases helps predict currency movements. A higher GDP typically strengthens a currency. Lower GDP often leads to currency depreciation.…
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all your initial investment; do not invest money that you cannot afford to lose. Educate yourself on the risks associated with foreign exchange trading and seek advice from an independent financial or tax advisor if you have any questions. Advisory warning: FOREXLIVE™ is not an investment advisor, FOREXLIVE™ provides references and…
Gold fluctuates around $3,035–$3,050, gaining after Fed holds rates and slows balance sheet reduction. Powell cites rising economic uncertainty and tariff-driven inflation; Fed anticipates two rate cuts in 2024. Geopolitical tensions mount as Russia-Ukraine ceasefire talks stall and Israel intensifies airstrikes, boosting safe-haven demand. Gold prices rallied sharply and hit a new all-time high of $3,052 on Wednesday as US Federal Reserve (Fed) Chair Jerome Powell spoke following the Fed’s decision to hold rates unchanged. At the time of writing, the XAU/USD trades volatile within the $3,035-$3,050 range, up more than 0.20%. The Fed decided to keep rates unchanged at…
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all your initial investment; do not invest money that you cannot afford to lose. Educate yourself on the risks associated with foreign exchange trading and seek advice from an independent financial or tax advisor if you have any questions. Advisory warning: FOREXLIVE™ is not an investment advisor, FOREXLIVE™ provides references and…
The Federal Reserve is expected to leave the policy rate unchanged for the second consecutive meeting. The revised Summary of Economic Projections could offer key clues about the policy outlook. The US Dollar could recover if the Fed downplays growth concerns. The United States (US) Federal Reserve (Fed) will announce monetary policy decisions and publish the revised Summary of Economic Projections (SEP), the so-called dot plot, following the March policy meeting on Wednesday. Market participants widely anticipate the US central bank to leave policy settings unchanged for the second consecutive meeting, after cutting the interest rate by 25 basis…
Our AUD/CAD short position has been closed ahead of today’s FOMC Monetary Policy statement, after already capturing a large portion of the anticipated downside move while eliminating exposure to potential volatility from the Fed decision. This Article Is For Premium Members Only Become a Premium member for full website access, plus get: Ad-free experience Daily actionable short-term strategies High-impact economic event trading guides Unlimited Access access to MarketMilk™ Plus More! Source link
The USD is higher ahead of the FOMC rate decision and after the BOJ rate decision overnight. IN the video above, I take a technical look at the 3 major currency pairs to kickstart the US/North American session where the greenback is higher, stocks are modestly higher (after declines yesterday) and US yields are higher. BOJ Governor Ueda stated that Japan’s economy is recovering moderately but still has some weaknesses, with high uncertainties from economic conditions, prices, and global trade policies. He highlighted the growing impact of FX movements and firms’ stronger focus on wage and price hikes. The BOJ…
If you’ve only just heard about forex trading or have been planning to become a currency trader for months but still haven’t gotten around to it, here are 5 excuses that you shouldn’t be making: 1. I have no time for trading A common misconception when it comes to forex trading is that it requires you to spend every waking moment in front of the computer. While some traders prefer doing this, it’s not the only way to trade. Swing and position trading are two strategies that you can use. If you have a full-time 9-to-5 job, for instance, you…
US Dollar (USD) has likely entered a 148.80/149.90 range trading phase vs Japanese Yen (JPY). In the longer run, increase in momentum indicates USD could strengthen toward 150.30, UOB Group’s FX analysts Quek Ser Leang and Peter Chia note. USD can strengthen toward 150.30 24-HOUR VIEW: “Following Monday’s price action, we indicated yesterday (Tuesday), when USD was at 149.30, that ‘The price movements have resulted in an increase in momentum.’ While we expected USD to rise, we highlighted that ‘the major resistance at 150.30 is likely out of reach for now’ and we noted that ‘support levels are at 149.00…