FOMC

The Brent crude hitting a higher high The Brent crude resumed the upward momentum as the current outlook for black gold shows further demand. Heightened geopolitical tensions, steady demand growth, and OPEC+ extending cuts until at least…
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Dow Jones 30 breaks triple top The Dow Jones 30 rallied after the FOMC economic projections. A break in the recent resistance of 39300 suggests bulls are firmly in control. However, there is always the concern of a reversal, which would…
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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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AUDUSD preparing for resistance The Australian dollar took another step higher as interest in the greenback continued to falter. Price action remains limited to the upside below 0.6600. However, the recent 100 pip jump has given hope…
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Tomorrow's release of  the US CPI data might provide confirmation for the market or another dose of reality. But even if it's the latter, it seems that optimism seems to win out in the end. The data might be set to generate volatility, but…
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EURUSD preparing for another downturn The euro gears up for another downturn as US inflation holds steady. Inflation effectively decelerated in the Eurozone in December, which gave policymakers some relief. As the ECB reassesses the…
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At the end of last year US equities pushed higher, with the S&P 500 almost scoring a new record high. That came at the expense of a weaker dollar, helping the most traded pairs to rise. But the data that has come out since the new year…
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