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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
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
Copy Trading, or Social Trading, is one of the hottest trends in retail trading of the last few years. It allows traders to copy and execute automatically the trades of professional traders. This is why it is called "copy trading". It is a great solution for traders who don't have the time, experience or knowledge to trade themselves. It is also far more than just automation. Unlike algo-trading, behind every…
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
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
On Tuesday 7 December the Reserve Bank of Australia kept is cash rate at 0.10%, in line with the consensus forecast. The statement suggests that inflation generation is still a concern for the central bank, "…inflation has picked up, [but] it remains low in underlying terms. Inflation pressures are also less than … many other countries… because of…modest wages growth in Australia." Thus, a key determinant on monetary policy is…
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