FOMC

USDCHF tests short-term support The US dollar eased after the FOMC minutes failed to pinpoint the first rate hike next year. The drop below 0.9280 was a sign of profit-taking after the RSI showed that the rally had overextended. The…

GBPUSD tests supply area The pound climbs as solid payrolls support the Bank of England's first post-pandemic interest rate hike. A series of higher highs have prompted sellers to cover their bets. The pair is now testing the supply…

After the unexpectedly disappointing results in jobs creation reported on Friday, there is a lot more interest in the FOMC minutes' release tomorrow. What the markets are looking at now is when the taper will happen. After the last…

After months and months of speculation, it's finally here. The FOMC is having a two-day meeting and the general understanding is that they will announce that they will start slowing down the pace of their asset purchases soon. What does…

USDCHF surges on policy divergence The Swiss franc weakens as markets expect growing policy divergence between the SNB and the Federal Reserve. As the Swiss economy almost recovers to its pre-crisis level, keeping the franc from…

USDCHF breaks support The US dollar tumbles as traders take profit ahead of Wednesday’s FOMC minutes. The break above the daily resistance at 0.9230 has led to an overextension. The RSI divergence at the supply area near 0.9260 was…

The first time the Fed announced a tapering there was pandemonium in the markets. This was somewhat ironic because they specifically chose the word 'taper' to convey that it was a very minor change in policy. Since then, the word…

The Fed's policy meeting that will end tomorrow is posing a problem for analysts. The FOMC has to make a decision about when to start winding down the extraordinary stimulus due to the pandemic. This is the frequently mentioned "taper".…