USD/JPY, Fed AnalysisYen looking vulnerable ahead of FOMC and all-important dot plotUSDJPY builds on positive momentum – Yen sinks post-BoJ selloffThe analysis in this article makes use of chart patterns and key support and resistance levels. For more information visit our comprehensive education library Yen Looking Vulnerable Ahead of FOMC and All-Important Dot PlotThe yen
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GBP/USD Price, Analysis, and ChartsUK CPI fell to 3.4%, beating expectations.Fed rate decision, new dot plot, and press conference now keyMost Read: British Pound Wilts as Markets Await Both Fed and BoEAccording to the latest Office for National Statistics data, UK inflation fell faster than expected in February, pushed lower by falling food prices. Headline
Most Read: Japanese Yen Outlook & Market Sentiment: USD/JPY, EUR/JPY, GBP/JPYThe Federal Reserve will release its March monetary policy announcement on Wednesday. Consensus estimates overwhelmingly suggest that the institution led by Jerome Powell will hold its benchmark rate unchanged at its current 5.25% to 5.50% range, effectively maintaining the status quo for the fifth consecutive
Canadian CPI, USD/CAD AnalysisCanadian inflation slows more than expected in February – raising USD/CADMarkets bring a potential BoC cut closer while delaying the onset of Fed cutsUSD/CAD’s bullish response tapered off but pair heads for channel resistanceThe analysis in this article makes use of chart patterns and key support and resistance levels. For more information
British Pound Price and AnalysisGBP/USD has slipped below the $1.27 markThe Dollar has gained broad support from suspicions that the FedThe Bank of England isn’t expected to alter policy, but its voting split will be fascinatingLearn how to trade GBP/USD with our free guide The British Pound was sharply lower against the United States Dollar
EUR/USD Prices, Charts, and AnalysisEconomic sentiment improves, but current conditions are still weak.Fed decision and narrative will shape EUR/USD direction in the coming days. The latest ZEW Financial Market Survey showed a sharp rise in Euro Area and German economic optimism, beating market forecasts by a margin. The German number – 31.7 – was the
Bank of Japan, USD/JPY News and AnalysisBoJ’s hawkish actions accompanied by dovish rhetoricYen depreciated further after the announcement – USD/JPY back above 150.00Japanese (10-year) government bond yields ease as BoJ will continue purchasesThe analysis in this article makes use of chart patterns and key support and resistance levels. For more information visit our comprehensive education