Federal Reserve (FED)

There is a pretty strong consensus forming that the Fed is going to increase the pace of the taper at their next meeting. But they haven't so much agreed on how much that increase will be. That allows for some wiggle-room in market…
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USDCHF looks for breakout The US dollar consolidates ahead of the Federal Reserve meeting. The pair is grinding for support above 0.9160 after it gave up most gains from the November rally. Overall sentiment remains positive as long…
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Next week's FOMC meeting will be the last with the current composition, as a new set of governors rotates in at the start of the new year. While it's normal for there to be a slight shift in the Fed's outlook each year, this time, there…
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There are two key bits of fresh data that could influence the dollar tomorrow. The one that is most likely to get all the attention is the release of the inflation numbers for November. And the consensus among analysts is that the…
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AUDUSD softens ahead of RBA meeting The Australian dollar slipped as markets switched to risk-off. Weakness in commodity currencies underlines risk aversion going into another covid winter. Australia's economic slowdown in the…
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USDCHF to test key support The US dollar stabilized after Jerome Powell hinted at speeding up the taper pace. The break below 0.9270 has put the rally on hold. The support has turned into resistance with the latest rebound fading.…
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EURUSD slides as Europe battles fifth wave The euro plunges as the pandemic situation worsens across the continent. A record rise in covid cases has prompted Austria and Germany to consider imposing another round of lockdowns, with…
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EURUSD weakens as ECB remains dovish The US dollar continues to rally on growing policy divergence between the ECB and the Fed. As Europe faces a new spike in covid cases, ECB President Christine Lagarde insisted that tightening now…
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EURUSD tumbles as US inflation hits 30-year high The US dollar skyrocketed across the board after hot inflation raised bets on rate hikes. US consumer prices jumped by 6.2% in October on a yearly basis. That's the biggest surge since…
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