FOMC

Summary: Economic data is relatively soft for the week ahead leaving the dollar vulnerable to technical trading While the longer term trend remains to the downside, in the near term, US dollar could see a potential rally or a…
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Dollar Index trading at a well-established support level could see a short term shift in sentiment Summary: Markets will be looking ahead to inflation print next week Technically, the dollar’s decline is a bit overstretched…
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Dollar Index posts one of the biggest losses in a quarter in Q1, 2016 Summary: Fed’s gradual rate hike path keeps the bearish momentum going Weaker US Dollar could help the commodity prices, but only so much Export and commodity…
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A slow start to the trading week is starting to gain momentum with Fed Chair, Janet Yellen due to speak at the Economic Club of New York later today at 16:30 UK time. The speech titled, "Economic Outlook and Monetary Policy" is likely to…
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Image via Leo Newball, Jr. 'California Federal Reserve Bank' / Flickr The USD/CAD pair moved slightly on Friday, the European session setting the rate in the 1.3230 area. The main reason for this small fluctuation is that the Canadian…
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The US Dollar fell to a four-month low last week with prices testing 94.50 support on dovish FOMC meeting. But prices managed to reverse their losses with the Dollar Index posting steady gains, for the most part, this week. Prices rallied…
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The EUR/USD major made a correction on Friday, coming down from the 5-month highs as the information of the Fed interest rate cut for the forecasted value slowly faded away. Looking at the chart, we can see that the pair traded between…
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On Wednesday, US data release showed a 0.3% rise in the CPI (Consumer Price Index) for the month of February compared to January's figures, while the expectation was for a 0.2% hike. The headline CPI came in as expected at -0.2%. Another…
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The US Dollar Index weakened considerably this week, currently trading at 94.80, erasing the initial gains at the start of the week. It was a confluence of both technical and fundamentals as the US Dollar Index retreated off the minor…
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The US markets are in for a busy day today with consumer inflation, housing starts and building permits data coming out ahead of the Federal Reserve's monetary policy statement and press conference. Combined, the data is likely to add…
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