Dollar stands tall as Fed heads toward taper
The dollar held within striking distance of the year's peaks on the euro and yen on Wednesday, as investors looked for the Federal Reserve to begin unwinding pandemic-era policy support faster than central banks in Europe and Japan.
EURUSD Fails to Test 2019 Low, RSI Flashes Bullish Signal After ECB
EURUSD fails to test the 2019-low (1.0926) following the ECB meeting, with the Relative Strength Index (RSI) breaking out of the bearish formation carried over from June.
USDCAD Rebound to Benefit from Sticky US Consumer Price Index (CPI)
Updates to the US Consumer Price Index (CPI) may keep USDCAD afloat as the figures are anticipated to highlight sticky inflation.
USDCAD Forecast: RSI Snaps Bullish Formation Following BoC Meeting
Recent developments in the Relative Strength Index (RSI) foreshadow a further decline in USDCAD as the indicator snaps the bullish formation carried over from July.
EURUSD Rebound in Focus Amid Dismal ISM Survey, Mixed Fed Rhetoric
EURUSD may stage a larger rebound over the coming days as signs of a slowing economy puts pressure on the Federal Reserve to reverse the four rate hikes from 2018.
Gold Price Forecast Remains Bullish as RSI Approaches Overbought Zone
The price of gold may continue to exhibit a bullish behavior as the Relative Strength Index (RSI) approaches overbought territory.
EURUSD Rate Reverses Ahead of Monthly-Low Following Fed Symposium
EURUSD reverses course following the Fed Economic Symposium, with the failed attempt to test the August-low (1.1027) raising the scope for a larger rebound.
USDCAD Rebound Unravels Ahead of Fed Symposium Amid Sticky Canada CPI
USDCAD pullbacks ahead of the Fed Economic Symposium as Canadas Consumer Price Index (CPI) comes in stronger-than-expected in July.
Gold Price Forecast: RSI Sell Signal Takes Shape
The price of gold stands at risk for a larger pullback as the Relative Strength Index (RSI) falls back from overbought territory and flashes a textbook sell signal.
EURUSD Rebound Unravels as Fed Tames Bets for Rate Easing Cycle
EURUSD may continue to consolidate over the coming days as the Federal Open Market Committee (FOMC) tames speculation for a rate easing cycle.
EURUSD Searches for Support as Fed Tames Bets for Rate Easing Cycle
EURUSD searches for support ahead of the US Non-Farm Payrolls (NFP) report as the Federal Reserve tames speculation for a rate easing cycle.
USDCAD Rate Carves Lower Highs and Lows Ahead of Fed Rate Decision
USDCAD initiates a fresh series of lower highs and lows, with the exchange rate at risk for a further decline as the Federal Reserve is expected to deliver a rate cut.
Post-ECB EURUSD Rate Outlook Hinges on FOMC Forward Guidance
The Federal Reserve interest rate decision may fuel a more meaningful rebound in EURUSD as the central bank is widely expected to alter the path for monetary policy.
USDCAD Rate May Rise Further After Monthly Opening Range Break
Current market conditions may fuel a larger rebound in USDCAD as the exchange rate clears the opening range for July.
EURUSD Nearing a Break as Price Coils Tighter Ahead of CB Meetings
EURUSD is currently constrained by a series of lower highs and higher lows ahead of two important central meetings in the next two weeks. A break out is looking increasingly likely.
USDCAD Rate Rebound to Face Wait-and-See BoC Policy
USDCAD may stage a larger rebound ahead of the Bank of Canada (BoC) meeting on July 10 as the exchange rate snaps the series of lower highs and lows from last week.
EURUSD Vulnerable to Larger Pullback on Strong US Job/Wage Growth
Updates to the US Non-Farm Payrolls (NFP) report may keep EURUSD under pressure as the economy is anticipated to add 160K jobs in June.
USDCAD Rate Searches for Support, RSI Flirts with Oversold Territory
USDCAD may continue to exhibit a bearish behavior over the remainder of the week as the Relative Strength Index (RSI) flirts with oversold territory.
Gold Prices Susceptible to Larger Pullback as RSI Offers Sell Signal
Gold prices stand at risk of facing a larger correction as the Relative Strength Index (RSI) falls back from overbought territory and flashes a textbook sell-signal.
EUR/USD Pops, GBP/USD Tests Resistance as USD Slammed post-FOMC
It's been a busy backdrop since yesterday's FOMC rate decision, with risk assets flying-higher as the US Dollar has taken a dive.