Federal Reserve (FED)

EURUSD hitting resistance The US dollar gained over 80 pips as traders prepared for a dovish Fed testimony. A drop below 1.0930 shows strong bearish intent that the greenback is recovering. As the RSI dropped into oversold territory, a…
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GBPUSD falls back in the channel The pound slipped against the dollar after progressive retail and PPI data came out of America. It will be a case of all eyes on the BoE as the subsequent decision with interest rates looms. The UK…
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The Reserve Bank of Australia is among the plethora of central banks holding RBA policy decisions next week, but that doesn't mean it will be lost in the crowd. Australia has been facing the fallout of China's slow economic recovery, but…
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The Dow 30 stuck sideways The Dow Jones 30 clawed back some losses as traders cautiously waited for the Fed’s next move. As the sideways consolidation continues, a drop of 300 points has awoken the bears. A drop down to 38450 is next,…
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WTI price recently popped above the $80/bbl once again. This time it was a more convincing move that could suggest the price is solidly back to November levels. The move higher came in the wake of the US Department of Energy reporting a…
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US economic markets could be in for a surprise soon. There is this little-tracked phenomenon that is providing a warning sign around US economic risk appetite. The reason it has been ignored is that for so long there hasn't been anything to…
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GER 40 Index hits another high The GER 40 index (DAX) topped another record as the index shrugged off rumours of a technical recession. With a bearish divergence underway, prices decreased slightly from 17900. 17650 is critical support…
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USDJPY continues the downturn The Japanese yen gained more traction after mixed employment data from the US, including NFP Data. Even though NFP numbers were up, unemployment increased, leading to a decline in the greenback. The pair has…
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Tomorrow's release of US CPI Preview is likely the most anticipated macroeconomic event of the week. It comes just as Fed officials are going into their pre-rate decision blackout period. Meaning that there won't be an opportunity for FOMC…
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There is a lot riding on tomorrow's US February NFP report, as the labor market has become central for forecasts of where the Fed will go with rates this year. The dollar has been firming up the last few months as the market keeps pairing…
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