EUR/USD Upbeat After Hawkish Fed, Turns to ECB
The pair saw a surge in volatility during yesterday’s Fed monetary policy decision, but ended the day higher and today it extends gains with an eye on the ECB
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The pair saw a surge in volatility during yesterday’s Fed monetary policy decision, but ended the day higher and today it extends gains with an eye on the ECB
Read the daily market update as we head towards the European open, to get some of the latest developments, main market moves and upcoming events
As we head into the next tightening cycle, it is informative to consider the relationship between the dollar and gold. To this end, below is the weekly relative strength chart of FXCM's USDOLLAR basket and our XAUUSD instrument. The chart has a cyclical component to it. Between 2011-2013, the ratio formed a base or accumulation pattern (first green rectangle). When this completed, the greenback appreciated against the precious metal in…
UK inflation surge, generated volatility and put pressure on the pair, with market participants awaiting Thursday’s monetary policy decisions by the central banks of England and Europe
The dollar's momentum has slowed as we head towards the FOMC statement release tomorrow (15 December) at 7:00 pm GMT. This is to be expected, as the tone of the statement will be a key focal point for market participants. However, December has been a less volatile month for the greenback. At the time of writing the December range of FXCM's USDOLLAR basket is only about 35% of November's range.…
The pair extends yesterday’s losses since broader sentiment was cautious overnight, but finds support as we head towards the open of European markets
The pair starts the week on the back foot, as the US Dollar attracts flows, following Friday’s negative reaction the US inflation figures
The week starts on the back foot, as fresh Omicron warning in the UK weigh on the Pound, following Friday’s US CPI-fueled rebound
This was another intense week, during which we saw improved mood around Omicron, risk factors from China, two central banks delivering their policy decisions and new surge in US inflation
The pair is steady today, in appositive week so far, as markets brace higher for higher Consumer Price Index (CPI) in the US
The Kiwi has the opportunity to halt its five-week losing streak, but faces difficulties as we move towards the European open
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