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Fed preview: Most banks expect 25 bp cut, some 50 bp bigger easing, bigger impact, move
Fed preview: Most banks expect 25 bp cut, some 50 bp bigger easing, bigger impact, move
A 25 bps cut is largely priced in and may not move markets much unless guidance shifts. A 50 bps cut, however, would likely spark USD weakness, a Treasury rally, and could fuel a risk-on move in equities and gold.
EUR/USD surges to 1.1878, highest since 2021, as Fed cut bets sink Dollar
EUR/USD surges to 1.1878, highest since 2021, as Fed cut bets sink Dollar
The EUR/USD rallied to a four-year high of 1.1878 on Tuesday as investors ditched the Dollar on increased bets that the Federal Reserve will resume its easing cycle this week. The pair trades at 1.1865, up almost 0.90% at the time of writing.
EURUSD
Fed
Technical Analysis
Fundamental Analysis
SEO
EUR/JPY rallies for second day as bullish setup targets 178.00
EUR/JPY rallies for second day as bullish setup targets 178.00
The EUR/JPY trends higher for the second straight day, hits a six-day high of 173.83 as the technical picture, suggests that further upside is seen. At the time of writing, the cross-pair trades at 173.80, up 0.25%.
EURJPY
Technical Analysis
Crosses
Currencies
Bullish
Ex-Fed President Mester says here's what's making the FOMC rate cut decision so difficult
Ex-Fed President Mester says here's what's making the FOMC rate cut decision so difficult
Ex-Fed official Mester warns political attacks risk credibility, defends policy independence.
"So, what do you think is going to happen after the FOMC meeting?"
"So, what do you think is going to happen after the FOMC meeting?"
Wrong question. Here is a better one. The beginning of wisdom is knowing which question to ask.
investing_education
investing
Fed
Gold hits record high of 3,703 ahead of Fed decision
Gold hits record high of 3,703 ahead of Fed decision
Gold price advances during the North American session after hitting a record high of $3,703 on Tuesday, poised to continue to trend up as traders await the Federal Reserve’s (Fed) monetary policy decision on Wednesday. At the time of writing, XAU/USD trades at $3,689, up 0.27%.
Gold
XAUUSD
Technical Analysis
Fundamental Analysis
SEO
AUDUSD stretches to targets at topside trend line and November 2024 highs
AUDUSD stretches to targets at topside trend line and November 2024 highs
The swing highs from November 2024 come in at 0.6684 to 0.6694. The high reached 0.6685 so far
USDCHF stretches to 2025 lows. Finds buyers on the first test.
USDCHF stretches to 2025 lows. Finds buyers on the first test.
A break below takes the USDCHF to its lowest level going back to 2011.
GBP/USD jumps past 1.3640 as US Dollar hits 10-week low ahead of Fed
GBP/USD jumps past 1.3640 as US Dollar hits 10-week low ahead of Fed
The Pound Sterling (GBP) advances over 0.30% as the Greenback drops to a ten-week low, according to the US Dollar Index (DXY). The two-day meeting by the Federal Open Market Committee (FOMC) begins on Tuesday, at which the Fed is expected to reduce interest rates.
GBPUSD
Majors
Fundamental Analysis
Technical Analysis
Currencies
USDJPY tests the low of a swing area at 146.547
USDJPY tests the low of a swing area at 146.547
A move below would have traders targeting the low from August at 14.206 and then the 100 day MA at 146.146.
Gold prices extends above $3700 to a new all-time high
Gold prices extends above $3700 to a new all-time high
Dollar selling and strong US data helping along with the technicals which stay in full control of the buyers.
The USD moved higher after the retail sales but reversed back down. Focus on the Fed.
The USD moved higher after the retail sales but reversed back down. Focus on the Fed.
What are the technicals driving the EURUSD, USDCHF and USDCAD after the US retail sales report? I will outline the bias, the targets and the risk levels for traders in the video.
WTI Price Forecast: Oil steadies near $63.50 with bullish bias
WTI Price Forecast: Oil steadies near $63.50 with bullish bias
West Texas Intermediate (WTI) Crude Oil continues its recovery on Tuesday, marking a third consecutive daily gain as supply risks stemming from fresh attacks on Russian refineries keep the risk premium intact. At the time of writing, WTI is trading around $63.68, up nearly 1.0% on the day.
WTI
Oil
Technical Analysis
Bullish
EUR is outperforming on ZEW surprise – Scotiabank
EUR is outperforming on ZEW surprise – Scotiabank
The Euro (EUR) is strong, up 0.4% against the US Dollar (USD) and outperforming all of the G10 currencies on the back of a better than expected ZEW investor sentiment survey.
EURUSD
Banks
ECB
Technical Analysis
The USD is lower to start the US session with declines vs the EUR and CHF leading
The USD is lower to start the US session with declines vs the EUR and CHF leading
In the video, I take a look at the 3 major currencies - the EURUSD, USDJPY and GBPUSD - from a technical perspective.
Gold hits record high above $3,700 as weak USD and Fed rate cut bets bolster demand
Gold hits record high above $3,700 as weak USD and Fed rate cut bets bolster demand
Gold (XAU/USD) marked a fresh all-time high around $3,703 on Tuesday after consolidating just below that level for most of the day. At the time of writing, the XAU/USD is easing modestly to trade around $3,687 but remains close to record territory.
Gold
SEO
Technical Analysis
Fed
RetailSales
Gold Price Forecast: XAU/USD approaches $3,700 on Dollar’s weakness
Gold Price Forecast: XAU/USD approaches $3,700 on Dollar’s weakness
Gold appreciated for the third consecutive day on Tuesday as the US dollar tanked amid hopes of a dovish turn by the Fed on Wednesday. The US Dollar Index has dropped to fresh two-month lows, which buoys the precious metal to fresh record highs right below $3,700.
Gold
XAUUSD
Fed
Metals
Technical Analysis
USD/CNH: Any decline is likely to be slow – UOB Group
USD/CNH: Any decline is likely to be slow – UOB Group
Room for US Dollar (USD) to drop below 7.1100; any decline is likely to be slow, and 7.1000 may not come into view so soon, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
Banks
Technical Analysis
USDCNH
USD/JPY: Likely to trade in a range between 147.00 and 147.60 – UOB Group
USD/JPY: Likely to trade in a range between 147.00 and 147.60 – UOB Group
US Dollar (USD) is likely to trade in a range between 147.00 and 147.60. In the longer run, a narrower range of 146.20/148.50 is likely enough to contain the price movements for now, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
USDJPY
Technical Analysis
Banks
USD: Benign global conditions keep the dollar soft – ING
USD: Benign global conditions keep the dollar soft – ING
The dollar has started the week on the softish side. This may partly involve some pre-positioning ahead of tomorrow night's Fed rate cut. But it will also be a function of the benign external environment, ING's FX analyst Chris Turner notes.
Banks
DollarIndex
Technical Analysis
NZD/USD might break above 0.5990 – UOB Group
NZD/USD might break above 0.5990 – UOB Group
Firmer underlying tone is likely to lead to New Zealand Dollar (NZD) trading in a higher range of 0.5955/0.5980. In the longer run, NZD could break above 0.5990; the scope for further advance may be limited, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
NZDUSD
Technical Analysis
Banks
GBP: Jobs data won't dent hawkish BoE – ING
GBP: Jobs data won't dent hawkish BoE – ING
We've just seen the release of UK jobs data for August. Unlike in the US, where the 'solid' labour market crumbled this summer, payrolled job losses were only a modest 8k in August.
GBPUSD
Banks
Technical Analysis
BOE
AUD/USD: Unlikely to reach 0.6700 – UOB Group
AUD/USD: Unlikely to reach 0.6700 – UOB Group
Australian Dollar (AUD) is likely to continue to edge higher, but it is unlikely to reach 0.6700. In the longer run, the price action continues to suggest a higher AUD; the next level to watch is 0.6700, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
AUDUSD
Technical Analysis
Banks
NZD/USD Price Forecast: Maintains its bullish stance despite rejection at 0.5980
NZD/USD Price Forecast: Maintains its bullish stance despite rejection at 0.5980
The New Zealand Dollar has failed on its attempt to break the 0.5980 resistance area (September 11 high) earlier on Tuesday, but maintains its broader bullish trend intact amid the risk-on mood, with investors bracing for a Fed monetary easing on WednesdayThe US Dollar is trading lower across the bo
NZDUSD
Technical Analysis
Currencies
Fed
Bullish
USD/CAD stalls below key 1.3920 resistance – Société Générale
USD/CAD stalls below key 1.3920 resistance – Société Générale
USD/CAD is struggling to clear the August high at 1.3920, signaling fading upside momentum. A sustained failure to break this level keeps risks skewed lower, with 1.3720 pivotal for the next move, Société Générale's FX analysts note.
USDCAD
Banks
Technical Analysis
GBP/USD: Any advance is unlikely to reach 1.3660 – UOB Group
GBP/USD: Any advance is unlikely to reach 1.3660 – UOB Group
Further Pound Sterling (GBP) strength appears likely; any advance is unlikely to reach 1.3660. In the longer run, price action suggests GBP could rise to 1.3635, potentially reaching 1.3660, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
GBPUSD
Technical Analysis
Banks
EUR/USD eyes another test of 1.18 – Commerzbank
EUR/USD eyes another test of 1.18 – Commerzbank
EUR/USD remains near the upper end of its three-month trading range, with another test of 1.18 possible today. Despite a recent spike, implied volatility has retreated, underscoring calmer market conditions, Commerzbank's FX analyst Michael Pfister notes.
EURUSD
Banks
Technical Analysis
EUR/USD: Clear break above 1.1790 might shift the focus to 1.1830 – UOB Group
EUR/USD: Clear break above 1.1790 might shift the focus to 1.1830 – UOB Group
Upward momentum is starting to build; the odds of Euro (EUR) breaking above 1.1790 are increasing, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
EURUSD
Technical Analysis
Banks
EUR: Living with French political instability – ING
EUR: Living with French political instability – ING
Political instability and missed fiscal targets are raising doubts about France’s ability to meet EU rules and avoid further rating downgrades. The path ahead looks highly uncertain, ING's FX analyst Chris Turner notes.
EURUSD
Banks
Technical Analysis
US Dollar Index Price Forecast: Drops to near 97.00 as bearish bias strengthens
US Dollar Index Price Forecast: Drops to near 97.00 as bearish bias strengthens
The US Dollar Index (DXY), which measures the value of the US Dollar (USD) against six major currencies, is extending its losses for the second consecutive session and trading around 97.10 during the European hours on Tuesday.
Technical Analysis
DollarIndex
Majors
Silver Price Forecast: XAG/USD is pushing against $42.75 highs amid US Dollar’s weakness
Silver Price Forecast: XAG/USD is pushing against $42.75 highs amid US Dollar’s weakness
Silver’s (XAG/USD) is trying to break long-terrm highs at $42.75 on Tuesday’s Early European session, favoured by broad-based US Dollar weakness, as the market braces for a “dovish cut” at the end of a two-day Fed monetary policy meeting on Wednesday.Precious metals have been thriving in recent days
Silver
XAGUSD
Commodities
Metals
Technical Analysis
EUR/USD rises to fresh highs with US Retail Sales and the Fed on focus
EUR/USD rises to fresh highs with US Retail Sales and the Fed on focus
EUR/USD has received an additional boost from an unexpected improvement in Germany's Economic Sentiment, and rose to 1.1818, its highest level since early July, before easing to the 1.1800 area ahead of the US Session opening.
EURUSD
Currencies
Fed
Technical Analysis
SEO
Gold continues to surge into new all-time highs amid dovish positioning into the FOMC
Gold continues to surge into new all-time highs amid dovish positioning into the FOMC
The lack of bearish catalysts for gold kept the buyers in charge amid the dovish positioning into the FOMC decision. What's next?
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