Expectations are that the FOMC will hike rates by 75bps to bring the fed fund rate to 2.50%. But could they hike 100bps? Last week, the ECB surprised most market participants by hiking rates 50bps, while introducing its new Transmission Protection Instrument. This week, the FOMC takes its turn in the spotlight when it meets […]
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EUR/USD edged higher to 1.1494 last week but lost momentum again. Initial bias stays neutral this week first. Price actions from 1.1572 are seen as a corrective pattern to rally from 1.0716. While rebound from Read more…
USD/JPY was still bounded in established range last week. Initial bias stays neutral this week first. On the upside, above 146.27 resistance will argue that price actions from 148.64 has completed as a corrective pattern. Read more…
GBP/USD edged higher to 1.3615 last week but quickly lost momentum again. Initial bias stays neutral first. Further rise will remain in favor as long as 1.3414 support holds. Above 1.3615 will target 100% projection Read more…