Stock futures power higher with the Fed and earnings in focus; Chairman Jerome Powell likely to signal a series of 2022 rate hikes, with the first expected in March; Microsoft’s solid near-term sales outlook offsets Read more…
USDJPY is currently being squeezed between the 50- and 100-day simple moving averages (SMAs), also finding its feet on the lower Bollinger band in recent sessions, following the correction from the 5-year high. The longer-term Read more…
Gold below $1850 ahead of the Fed. USDCAD falls ahead of the BoC. Gold trades below $1850 ahead of the Fed Gold is holding steady on Wednesday after booking mild gains across the week. The Read more…
GBPJPY continues its retreat from its early-January high amid persisting negative forces. Moreover, the pair has recently crossed below its 200-period simple moving average after breaking under its 50-period SMA, supporting its cautiously bearish outlook. Read more…
EURJPY slid to a one-month low of 128.23 on Tuesday but managed to close the day within the 128.80- 128.58 tight support area, clinging to a ray of hope that a bullish reversal could develop Read more…
The euro continues to have a quiet week and is trading just shy of the 1.13 level. All eyes on FOMC It has been a calm week for the euro, but that could change later Read more…
EUR/USD During yesterday’s trading session, the currency pair made an unsuccessful attempt at breaching the critical support at 1.1280 and, at the time of writing, it is heading back towards the resistance level of 1.1330. Read more…
The Dow Jones 30 recoups losses as traders await details on the Fed’s monetary tightening. Breaks below daily supports at 34700 and 34000 have forced buyers to liquidate in bulk. The index saw bids at Read more…
The safe-haven Swiss franc retreats as global panic selling takes a breather. A bullish RSI divergence shows a slowdown in the sell-off momentum. Then a rally above 1.0355 has prompted some sellers to cover, taking Read more…
The US dollar inches lower as traders take profit ahead of the Fed meeting. The euro’s struggle to stay above 1.1360 indicates buyers’ weak interest in holding onto previous gains. The latest rebounds have failed Read more…