Daily Forex News


FOMC Preview: Dovish Rate Hike to Drag on USD Rates

A dovish Fed rate-hike may spark a bearish reaction in the U.S. dollar as the central bank runs the risk of completing the policy normalization ahead of schedule.

U.S. Dollar Price Action Setups Ahead of FOMC

The final Federal Reserve rate decision for this year looms on the calendar for later today. A hike is widely-expected, but what could the bank say or do that could elicit some element of sustainable strength in the Greenback?

Preview for December FOMC and Implications for US Dollar

The Federal Reserve will have to do more than just hike rates in order to get the US Dollar to rally today – a tall task indeed.

Crude Oil Prices Eye EIA Inventory Data as Gold Braces for FOMC

Crude oil prices are looking to official EIA inventory flow statistics for direction while gold is bracing for the much-anticipated FOMC monetary policy announcement.

US Dollar May Rise as Fed Maintains Call for Three Hikes in 2018

The US Dollar may rise if the Federal Reserve continues to project three interest rate hikes in 2018, topping what is already priced into financial markets.

USD/JPY Searches for a Top Ahead of FOMC

USD/JPY is approaching multi-month range highs ahead of key U.S. event risk tomorrow. Here are the updated targets & invalidation levels that matter from here.

Futures Market Heralds a New Era of Trading for Bitcoin and Cryptocurrencies

The beginning of Bitcoin trading in the futures market has meant the introduction of even more volatility to already the most volatile asset in markets in 2017 – but perhaps not for long.

NZD/USD Risks Larger Recovery on Dovish FOMC Rate Hike

NZD/USD stands at risk of staging a more meaningful recovery should the Federal Open Market Committee (FOMC) deliver a dovish rate-hike at its last meeting for 2017.

U.S. Dollar at Key Resistance Ahead of the Fed; Cable Bounce on Six-Year High CPI

Tomorrow brings a Federal Reserve rate decision where it’s widely expected that we’ll see the bank hike rates for the third time this year. More pressing, however, is what the bank is looking at for 2018, and this will be delivered via the dot plot matrix.

GBP/USD Holds Support, USD/CAD Stuck in Range – For Now

The US Dollar has been able to hold onto its gains since Friday’s November US NFP report was released, but nothing else has materialized in a meaningful way since then.

Gold Prices Break Chart Support But Follow-Through May Await FOMC

Gold prices broke through yet another layer of chart support but significant follow-through seems unlikely before Wednesday’s FOMC monetary policy announcement.

British Pound May Be Most Responsive to UK CPI if it Disappoints

The British Pound may be most responsive to UK CPI data if the headline outcome falls short of expectations. The Euro is likely to shrug off Germany’s ZEW survey.