DXY Drops after FOMC and a Likely Peak in Rates

US Dollar (DXY) News and Analysis Fed holds interest rates but nods to ever tightening conditions Are U.S. treasuries signaling a peak in interest rates? Markets turn to fundamental data to gauge the effect of restrictive policy The analysis in this article makes use of chart patterns and key support and resistance levels. For more … ادامه

Dow, Nasdaq 100 and CAC40 Continue to Rally​​​​

Article by IG Chief Market Analyst Chris Beauchamp Dow Jones, Nasdaq 100, CAC 40 Analysis and Charts ​​​Dow stronger in wake of Fed decision ​The index’s rally was given fresh impetus by the Fed decision last night, which saw a more balanced outlook from Jerome Powell. ​The index has climbed to its highest level in … ادامه

Rand Bolstered by Weaker Dollar

RAND TALKING POINTS & ANALYSIS MTBPS, manufacturing PMI and vehicle sales data paint a poor picture of the local economy. US jobs data in focus later today. USD/ZAR finds resistance at 18.50 and 200-day MA. USD/ZAR FUNDAMENTAL BACKDROP Macro-economic fundamentals underpin almost all markets in the global economy via growth, inflation and employment – Get … ادامه

Powell Fails to Steer Markets Towards Another Hike. What Now?

EUR/USD & GOLD PRICE FORECAST Gold prices and EUR/USD could gain ground in the near term, but the broader trend may hinge on incoming U.S. economic data Attention will be on the ISM services PMI and the U.S. labor market report later this week This article looks at XAU/USD and EUR/USD’s key levels to watch … ادامه

Fed Stays Put but Retains Hiking Bias, Gold & US Dollar Display Limited Volatility

FOMC INTEREST RATE DECISION KEY POINTS The Federal Reserve stands pat on monetary policy, keeping interest rates unchanged at 5.25%-5.50% for the second straight meeting Forward guidance leaves the door open for further policy firming Gold and the U.S. dollar displayed limited volatility after the FOMC statement was released Most Read: Bank of England Preview … ادامه

100-Day MA Provides Support to WTI but Will it Last?

WTI OIL PRICE, CHARTS AND ANALYSIS: WTI Struggling to Hold the High Ground Thanks in Part to a Resurgent US Dollar. Middle East Conflict to Remain a Critical Driver as it Continues to Underpin Oil Prices. EIA Inventories Rose Once More According to the Data. To Learn More About Price Action,Chart PatternsandMoving Averages, Check out … ادامه

Rates to Stay Put but QT due for Review?

Bank of England Preview Interest rates are expected to remain on hold as price pressures ease BoE may discuss a rethink of their QT process as the ‘term premium’ complicates the selling of longer-dater issuances Markets look to incoming economic data for clues on economic stress, GDP up next UK housing market squeeze and lowest … ادامه

Japanese Yen (USD/JPY) Nearing a 33-Year High on Further Stimulus Talk

Japanese Yen Prices, Charts, and Analysis The USD/JPY line in the sand has been crossed FOMC decision will steer USD/JPY in the short-term Recommended by Nick Cawley Get Your Free JPY Forecast The Japanese Yen is less than one point away from trading at its weakest level against the US dollar in over thirty-three years, … ادامه

FTSE 100 Edges Higher while Dax and S&P 500 Struggle

Article by IG Chief Market Analyst Chris Beauchamp FTSE 100, DAX 40, S&P 500 – Analysis and Charts ​​​FTSE 100 clings on above 7330 ​An attempt to continue Monday’s bounce hit some selling yesterday, helped along by the poor reaction to BP’s results. ​A close above 7350 would be needed to indicate that the buyers … ادامه

Euro Looks Vulnerable as All Eyes Shift to FOMC

EUR/USD ANALYSIS FOMC announcement under the spotlight today. EUR/USD rising wedge breakout could see euro collapse further. Elevate your trading skills and gain a competitive edge. Get your hands on the Euro Q4 outlook today for exclusive insights into key market catalysts that should be on every trader’s radar. Recommended by Warren Venketas Get Your … ادامه