ForexLive Asia-Pacific FX news wrap: USD/JPY surges in Asia response to FOMC 50bp rate cut – ForexLive
High Risk Warning: Foreign exchange trading involves a high degree of risk and may not be suitable for all investors. Leverage increases risk and loss. Before trading foreign exchange, you should carefully consider your investment objectives, level of experience, and risk tolerance. You may lose some or all of your initial investment. Do not invest […]
USD/JPY climbs higher: US dollar bears feeling nervous ahead of the FOMC – ForexLive
USD/JPY rose 154 pips to a high of 142.15 for the day. The pair is showing a strong reversal after hitting a 2024 low of 139.59 yesterday. USDJPY Daily I am a little regretful because yesterday's crosshair reversal was a sign of a turnaround and I had some incentive to pull back with the Fed […]
Scenarios for trading USD around the FOMC meeting – ForexLive
Below is an eFX summary of a note written by Nomura on the Fed and the US Dollar. For banking ideas, Check out eFX PlusFor a limited time, there's a 7-day free trial available. Basic costs $79/month, and Premium costs $109/month. Get it here. — Synopsis: Nomura expects the US dollar to strengthen initially following […]
Pound Sterling stabilizes above 1.2700 ahead of UK Inflation and FOMC minutes – FXStreet
In the face of the UK’s inflation statistics, the pound sterling is holding steady against the US dollar, above 1.2700. UK inflation is expected to fall sharply in April. Fed officials continue to support higher long-term interest rates. The British pound (GBP) is showing firm momentum, trading just above 1.2700 in European trading on Tuesday. […]
Gold traders position themselves ahead of potentially pivotal FOMC – KITCO
(Kitco News) – The X gold community is buzzing as retail traders scramble to read the tea leaves and profit from what is expected to be the FOMC’s key interest rate decision. . The central bank is scheduled to announce its interest rate decision at 2pm ET on Wednesday, and while analysts and traders generally […]
USD/JPY Selloff Continues Ahead of the FOMC Meeting – DailyFX
USD/JPY, FRB analysis Recommended by Richard Snow Forex News Trading Overview Yen looks vulnerable ahead of FOMC and all-important dot plot Ahead of this evening’s important FOMC decision, the yen continued to fall against the dollar in morning trading in London. Although there is no realistic expectation that the federal funds rate will change, market […]
A placeholder session before the FOMC meeting minutes – ForexLive
Most major currencies started the day lower and risk appetite declined. The Aussies and Kiwis are making decent moves, carrying on yesterday’s momentum. Meanwhile, the dollar is stable, with EUR/USD holding around 1.0800 and USD/JPY still hovering around the 150.00 mark. There is tentative caution in the stock market as we await Nvidia’s results later […]