Forex Analysis

USD Sell-Off Reverses Gold Losses

Gold Gold prices were initially down for a fourth consecutive week this week as improved risk appetite across the week dampened demand for the yellow metal. However, a weaker US dollar over the course of the week’s trading helped stem the declines and has seen XAUUSD recovering off the week’s lows. Gold prices had a muted start to the week ...

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The Best Trend Trading Indicators: Ichimoku Cloud

One of the more popular and sophisticated forex indicators is the Ichimoku Kinko Hyo, or Ichimoku. Its name describes its function as it translates to “one look equilibrium chart”. It’s a complex combination of calculations that shows you the most important trading information of the forex market in one glance. Although it looks really complicated, it’s quite logical in construction ...

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Fed cuts rates by quarter point

The US Federal Reserve cut interest rates by a quarter basis point as anticipated. The short-term Fed funds rates now stand at 2.0%-1.75%. The central bank, however, maintained that it was not moving into an easing cycle. The FOMC’s dot plot showed that about five members thought that interest rates should remain unchanged, while another five approved of the rate ...

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BOE: Trade War Risks Have Intensified

Dollar Down On Fed Rate Cut The US dollar has traded firmly lower over the European session so far on Thursday. USD came under selling pressure last night as the Fed cut rates by a further .25%. Despite policymakers being divided over the decision to ease further, and diminished prospects of a further 2019 cut, USD is trading lower in ...

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Fresh Iran Sanctions Weigh on Oil

Crude Stores Rise The latest report from the Energy Information Administration showed an unexpected build in US crude stores. The EIA report showed that in the week ending September 13th, US crude store rose by 1.1 million barrels. This confounded expectations of a 2 million barrel drawdown. The data comes a day after crude traders were first spooked by the ...

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Fed to Lower Interest Rates Again

The FOMC will be concluding its two-day monetary policy meeting this Wednesday. The meeting ends with a release of the monetary policy decision by central bank officials. Investors will also get to see the quarterly economic projections from the central bank. The Fed lowered interest rates in July this year by a quarter basis point. This came amid concerns of ...

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Fed To Ease Further At FOMC

Fed To Cut By .25% The US Dollar is trading with a bid tone ahead of the keenly-anticipated FOMC meeting later today. In line with data weakness and softer global economic conditions, the market is widely expecting the Fed to announce a fresh .25% rate cut.  Yesterday the Fed ran its first repo operation in a decade in a bid ...

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BOJ & SNB Rate Decisions: Seeking Safety

It’s central bank week and most of the majors are scheduled to decide on policy. The consensus is that they are in a “race to the bottom” with rates, and are just waiting for each other to pull the trigger. So, needless to say, it will be an interesting time for the currency markets! Let’s focus on the two major ...

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USD holds steady ahead of Fed meeting

The US dollar posted strong gains on Tuesday as the two-day FOMC meeting got underway. The Fed will be announcing its rate plan decision and releasing the economic projections. Oil prices were also seen recovering from the recent surge. This came as Saudi officials announced plans that oil production would be back on track earlier than anticipated. Got your risk ...

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AUD Crushed By RBA Minutes

USD Waiting Game The US dollar remains in the green today ahead of tomorrow’s FOMC meeting though the market is widely expecting the Fed to ease by a further .25% in line with commentary from Powell and other policymakers since the last meeting. Optimism around US/China trade negotiations offers some risk to this view though. Given the uncertainty, the Fed ...

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