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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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Yesterday 05:35 PM

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 16, 2024 08:00 PM
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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 04:42 AM

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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 01:38 AM
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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 02:12 AM
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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 09:00 AM
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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 08:00 AM
Forex trading

U.S. Dollar Post-CPI: EUR/USD, GBP/USD, USD/JPY, XAU/USD (Gold)

The U.S. Dollar broke out and set another fresh 2024 high this morning as the currency continues to claw back Q4 losses.

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 04:20 AM
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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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January 31, 2024 08:05 PM
Forex trading

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
January 31, 2024 05:35 PM
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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 05:26 AM
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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 03:34 AM
Research

AUD/USD eyes breakout post FOMC, USD/JPY to break 200-day MA? Asian Open

The Fed gave markets what they wanted for Christmas by signalling that rate cuts are likely coming in 2024. And that places AUD/USD and USD/JPY on notice for breakouts.

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December 13, 2023 10:29 PM
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Fed Meeting Recap: FOMC Sends Doves (And Gold) Flying

It appears clear that the next change to interest rates will be a rate cut, and the question now is when exactly the Fed’s easing cycle will begin.

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December 13, 2023 08:10 PM
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Dollar analysis: USD/JPY, GBP/USD and Gold among FOMC trades to watch

No one is expecting any further tightening from the Fed ahead of the FOMC’s last policy decision of the year. Market pricing of 125 basis point rate cuts in 2024 will be put to the test today and judging by the Fed’s cautious approach to things, there is a good chance Powell and co will push back against those expectations at today’s meeting.

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December 13, 2023 03:30 PM

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USD/JPY, Gold: Risk for US dollar, Treasury yields skewed higher unless CPI comes in cool

The US macro calendar is full of risk events this week with the Fed rate decision, US CPI and Two long bond auctions arriving over the next few days. Gold and USD/JPY are two markets particularly sensitive to shifts in US interest rates.

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December 11, 2023 02:01 AM

US CPI, FOMC, BOE, ECB and SNB on tap: The Week Ahead

Four major central banks meeting next week including the FOMC, ECB, BOE and SNB. While no changes are expected, traders want to know who may be the first to cut rates.

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December 7, 2023 02:56 AM
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FOMC Meeting Analysis: DXY Unchanged Amidst Fed Powell’s Most Milquetoast Manifesto Yet

With few changes to the policy statement and little in the way of notable developments in the press conference, markets are consolidating.

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November 1, 2023 07:01 PM
Research

Dollar analysis: FOMC and key data puts greenback in sharp focus

The resilience of US data we have seen over the past couple of weeks hasn’t led to any further appreciation in interest rate expectations, keeping the dollar in an overall holding pattern with a slight bullish tilt, especially against the weaker currencies like the JPY and EUR. But the likes of the AUD and previously CHF have shown some resilience, perhaps suggesting that most of the positivity may be priced in for the greenback.

November 1, 2023 04:29 PM
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FOMC, BOJ and BOE on tap: The Week Ahead – 27/10/2023

We have a busy calendar with what would usually be ‘red flag’ days, including central bank meetings with the FOMC, BOJ and BOE. There’s a reasonable chance we’ll see no action across all three, but the bigger response for global markets could be if the BOJ widen or abandon their yield curve control (YCC).

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October 27, 2023 01:20 AM
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AUD/USD, ASX 200 headwinds to persist with ‘higher for longer’ Fed rates: Asian Open

At the most basic level the Fed delivered what was expected; another policy pause with the potential for further hikes. The opening paragraph tipped noted an economy which is “expanding at a solid pace” with a slower but “strong” job growth and elevated inflation. There’s nothing remotely dovish there. And then we look at the numbers…

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September 20, 2023 10:42 PM