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Another BOJ intervention may have just stole the show from the Fed

It was the Japanese yen which stole the show after Jerome Powell’s press conference, with USD/JPY falling over 450 pips on another suspected BOJ intervention.

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FOMC Meeting Recap: US Dollar (DXY) Drops as Powell Feeds the Doves

The US dollar initially fell and indices rose as traders interpreted the Fed meeting and press conference as dovish.

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WTI Crude Oil Charts: Oil Demand vs FOMC Statement

WTI Crude Oil takes a dive as market anticipations steer the wheel towards lower demand expectations

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FOMC Meeting Preview: Will the Fed Put Rate Hikes on the Table?

US dollar traders will be watching Fed Chairman Powell’s press conference and any decisions about the central bank’s balance sheet runoff as potential market-movers for the US Dollar Index (DXY)

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May 1, 2024 03:21 AM
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S&P 500, Nasdaq, Dow Jones Forecast for the Week Ahead: Into the FOMC

It was a come back type of week for stocks, even with another hot inflation report. But next week brings the Fed and markets are still holding on to hopes for 2024 rate cuts.


AUD/USD reclaims 200-day MA on surprisingly dovish Fed meeting: Asian Open

US yields dragged the US dollar lower as the Fed continued to favour three cuts this year, helping AUD/USD break back above its 200-day MA ahead of today's employment figures.

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Fed Meeting Analysis: FOMC and Powell Still Looking For Excuses to Cut

Fed Chairman Powell sounded like someone who was looking for an excuse – any excuse – to cut interest rates in his press conference.

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March 21, 2024 05:53 AM

Gold analysis in focus as FOMC day arrives

Gold has been falling back in the past week and a half after hitting a record high at $2195. The key question is whether today’s FOMC policy decision will cause it to fall back even further, or will it trigger a fresh wave of buying that could propel the precious metal towards a new all-time high.

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March 20, 2024 11:00 PM

USD/JPY analysis: What’s next for JPY and USD amid diverging policies?

Will the yen make a comeback with BoJ finally ending negative rates? Attention now turns to FOMC policy decision, with traders expecting the median dot plots to point to 2 rate cuts in 2024 – but is a hawkish Fed already priced in? USD/JPY technical analysis points higher, but do watch out for a potential false breakout.

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March 20, 2024 03:30 AM

FOMC Meeting Preview: Deciphering the Dot Dilemma for the Fed

FOMC meeting risks are skewed toward a less dovish outcome, with the potential for the median Fed dot for 2024 to rise to 4.9%, or only two interest rate cuts for 2024.

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March 19, 2024 04:35 AM

EUR/USD weekly outlook: Early stalemate before Fed fireworks begin

It’s going to be a massive week for EUR/USD traders with major central central bank decisions, inflation updates from around the world, flash PMIs to sink your teeth into along with a busy ECB speaking calendar. But in the end, one event will likely override all others: the Federal Reserve’s March FOMC interest rate decision.

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March 17, 2024 07:00 AM
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Central Bank galore with BOJ, Fed, BOE, SNB and RBA on tap: The Week Ahead

It is a monster week ahead for traders with a key focus on central banks, with BOJ, Fed, BOE and RBA meetings on the menu.

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March 15, 2024 03:42 PM

Fed must commit to finishing the inflation fight to prevent gold upside

Gold traders have a decision to make with fundamental headwinds building from a stronger US dollar and higher bond yields with the price yet to meaningfully respond. What the Fed signals next week looms as crucial for directional risks.

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March 15, 2024 12:38 PM
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USD/JPY: Intensifying disinflationary pulse pressures BOJ rate hike ambitions

Underlying disinflationary pressures in Tokyo intensified last month, pointing to the likelihood of similar trends nationally and underscoring the need for wage growth to reach sufficient levels to boost flagging consumer demand.

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March 5, 2024 01:12 PM

USD/JPY forecast: What sparks fresh highs when conditions are already exceptionally good?

USD/JPY remains supported on dips but where does the next leg higher come from? The US rate outlook has adjusted substantially, pushing yields rapidly higher. With risk appetite nearing euphoric levels, it begs the question: will conditions get any better for bulls than now?

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March 2, 2024 08:00 PM

USD/JPY outlook hinges on continued US interest rate recalibration

The Japanese yen continues to dance to the tune of US interest rate expectations and broader risk sentiment, meaning events that may influence either of those areas should be the focus for USD/JPY traders this week.

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February 24, 2024 07:00 PM
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The U.S. Dollar broke out and set another fresh 2024 high this morning as the currency continues to claw back Q4 losses.

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EUR/USD weekly reversal signals potential directional shift

US economic exceptionalism is back. US bond yields are rising as Fed rate cut bets are slashed. For an economic block with so much pessimism factored into the outlook, it’s a backdrop in which EUR/USD should be getting battered. But it’s not.

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February 12, 2024 03:20 PM
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FOMC Meeting Recap: Fed Chair Powell Deems March Rate Cut "Unlikely," Boosting Buck Toward YTD Highs

Powell pushes back against market pricing for a March rate hike - what's next for the Fed?

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February 1, 2024 07:05 AM
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US Dollar Forecast: USD/JPY Bull Flag Under Threat with Fed on Tap

USD/JPY appears to be negating a bull-flag formation as it tumbles to a fresh weekly low (146.07).

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By : David Song
February 1, 2024 04:35 AM

Gold analysis: Yields slide on weak data, but FOMC poses key risk

Following the release of disappointing US data and company earnings, we saw bond yields take a nosedive ahead of the FOMC policy decision later in the day.

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Risks for crude oil and gold skewing higher as geopolitical tensions build

Geopolitical risks in the Middle East and the US interest rate outlook will be two of the dominant market themes traders will be grappling with this week, creating the potential for renewed volatility in the likes of crude oil and gold.

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January 29, 2024 04:26 PM
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Nasdaq reaches new record high, a week ahead of FOMC: The Week Ahead

Love it or loathe it, the rally on US indices has been impressive. Traders seem to be focussed on lower yields, slightly reduced bets of multiple Fed cuts and any other morsel of what can be repackaged as ‘good news’. But can it withstand incoming GDP figures, a PCE inflation report and an FOMC meeting without a wobble?

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January 25, 2024 02:34 PM