EURUSD potential short-term setup ahead of Fed
EURUSD May be setting up ahead of crucial Fed announcement and press conference.
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EURUSD May be setting up ahead of crucial Fed announcement and press conference.
The pair rises after its poor start to the week, as optimism is prevalent today, while markets prepare for the Fed’s policy decision later in the day
The pair finds support today as it defends 1.3000, after hitting its lowest level since late 2020, with markets bracing for the upcoming policy decisions by the US and UK central banks
The pair extends its five year-highs after last week’s stellar performance – the pest since the start of the pandemic
FXCM's dollar basket, the USDOLLAR, has charted another higher trough followed by a higher peak in its series. This pattern is a continuation of the greenback's uptrend. We also note that the weekly stochastic has turned up – we are interested in seeing if it hits the 80+ region and holds (green rectangle). The underlying momentum will suggest further upside for the buck if it does. This strength comes before…
The European Central Bank announced a faster QE tapering path on Thursday and US CPI inflation climber to 40 year highs, with the Eurodollar staying on the back foot today
The on the defensive is soft following its two-day rebound, as markets await fresh CPI inflation figures from the US and the European Central Bank’s monetary policy decision
The pair finds support at the start of the European session, following yesterday’s drop to the lowest level since May 2020 and its worst week since the pandemic
In yesterday's testimony before the House Financial Service Committee on Capitol Hill, Fed Chair Jerome Powell suggested a 25bps hike on 16 March. This increase comes as the financial market reel following Russia's invasion of Ukraine. Mr. Powell said that "[i]t's too soon to say for sure, but for now...we will proceed carefully along the lines of [the] plan" proposed before the Ukraine invasion (barrons.com). Inflation is at levels that…
The pair stays on the back foot, setting new lows, as the war in Ukraine enters its seventh day and markets await Mr Powell’s testimony in US Congress
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