The FTSE 100 slips as expectations of a hawkish BoE weighs on the growth prospect. Buyers’ struggle to hold onto their recent gains above 7230 weighs on sentiment. The latest optimism has waned after a Read more…
The Canadian dollar retreated as August’s inflation data fell short of expectations. The rally has gained traction after the pair cleared the double top at 1.3200. Diverging moving averages on the daily chart indicates an Read more…
The US dollar consolidates ahead of the FOMC. A tentative break above 1.0190 prompted sellers to cover their bets, easing the downward pressure. The bulls will need to lift offers in this key supply zone Read more…
All eyes are on the Fed’s incoming policy signals due later today, with US interest rates set to be raised to their highest levels since 2008. With a 75bp hike already fully priced in, a Read more…
Market movers today The big focus of the day is the FOMC meeting tonight, where we expect a 75bp hike. Financial markets agree with this view with about 78bp priced in as of yesterday. For Read more…
Risk appetite is poor into today’s Federal Reserve (Fed) decision, and after Riksbank shocked the market with a 100bp hike yesterday. That was the most aggressive rate move in Sweden in three decades. The Swedish Read more…
Daily Pivots: (S1) 0.9933; (P) 0.9992; (R1) 1.0029; More… EUR/USD falls notably today but stays above 0.9863 support. Intraday bias stays neutral first not outlook remains bearish too. On the downside, firm break of 0.9863 Read more…
Daily Pivots: (S1) 1.1338; (P) 1.1400; (R1) 1.1442; More… GBP/USD’s down trend resumed after brief consolidations. Intraday bias is back on the downside. Current fall should now target 61.8% projection of 1.3748 to 1.1759 from Read more…
Daily Pivots: (S1) 0.9616; (P) 0.9649; (R1) 0.9675; More Despite some loss of upside momentum, further rise is still in favor in USD/CHF with 0.9554 minor support intact. Rebound from 0.9478 would target 0.9868 resistance. Read more…
Daily Pivots: (S1) 143.13; (P) 143.53; (R1) 144.11; More… USD/JPY is still bounded in sideway consolidation from 144.98 and intraday bias stays neutral. Deeper retreat cannot be ruled out, but downside should be contained by Read more…