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Forex Trading, Market News & Technical Analysis

Today’s Trading Edge: EUR/USD rallies as Fed seen less hawkish after maintaining 2017 rate forecasts & Dutch exit polls

Posted by WorldWideMarkets . on Mar 15, 2017 6:36:04 PM

The euro rebounded against the dollar and surged above the key $1.07 following the Federal Reserve interest rate decision and early exit polls from the Netherlands.  As expected the FOMC raised the Fed Funds Target Range 25 basis points to 0.75-1.00%.  They also noted they expect economic conditions will evolve in way that warrants gradual increases.  The vote was not unaminous as Kashkari did not want to raise rates. 

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Topics: Fed, Fed policy, EUR/USD, $EUR, Federal Reserve monetary policy

Today’s Trading Edge: Gold continues slide on interest rate outlook

Posted by WorldWideMarkets . on Mar 6, 2017 6:35:35 PM

Gold prices declined for a second consecutive day and to a two-week low as prospects grow for the Fed to raise rates at its March 14-15th meeting.  Fed Fund Futures have risen from 40% in late February to over 95% on Monday that Fed will raise at its next meeting. 

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Topics: commodities, gold, $GLD, Fed policy

Today’s Trading Edge: USD/JPY continues to respect 115 level despite overall strong US economic reports

Posted by WorldWideMarkets . on Feb 15, 2017 7:15:01 PM

The U.S. dollar initially rallied against its major trading partners but ended the day unchanged or lower despite a barrage of overall strong US economic data.  The February Empire Manufacturing reading of 18.7, was its best reading since September 2014 and a strong beat of the 7.0 analyst forecast.  January retail sales also beat both on the monthly and yearly readings.  US inflation for January also came in hotter than expected, but wages data fell 0.6% monthly and came in flat year over year. 

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Topics: $USDJPY, Fed, Fed policy, US Dollar, Janet Yellen

Today’s Trading Edge: USD/JPY slips as Fed fails to deliver hawkish signals

Posted by WorldWideMarkets . on Feb 1, 2017 7:32:28 PM

 

The U.S. dollar retreated against its major trading partners following FOMC rate decision that saw the target rate range maintained at 0.50-0.75%.  The Fed also reiterated that monetary policy remains accommodative and that inflation will rise to 2.0%.  The vote was unanimous at 10-0. 

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Topics: $USDJPY, Fed policy, Federal Reserve monetary policy, EURUSD, GBPUSD, USDJPY, AUDUSD

Today’s Trading Edge: Gold drops to four-week low ahead of Yellen’s Jackson Hole speech

Posted by WorldWideMarkets . on Aug 25, 2016 7:25:01 PM

Gold prices continued to remain heavy and fell towards the $1,325 level ahead of Janet Yellen’s speech on Friday.  The two-day gathering of central bankers provides a platform for policymakers to discuss global economic conditions and monetary policy.  Uncertainty over Yellen's speech has kept the dollar little changed, but has seen gold prices remain under pressure. 

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Topics: precious metals, gold, $GLD, Fed policy, Janet Yellen

 

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