US Dollar Vs Euro, British Pound, Japanese Yen – Outlook:USD slipped after Fed hiked rates, in line with expectations.Key focus now shifts to ECB and BOJ meetings.What has changed for EUR/USD, GBP/USD, and USD/JPY? The US dollar slipped but held well within the recent range after the US Federal Reserve hiked interest rates by the
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In a widely expected move, the Federal Reserve (Fed) hiked its policy interest rate by 25 basis-point (bp) to the 5.25%-5.5% range and left the door open for another hike in September. But given that Fed Chair Jerome Powell also guided for rate decisions to be on a “meeting-by-meeting” basis, additional tightening moves still lack
EURO FORECASTEUR/USD rose modestly after the Federal Reserve announced its July monetary policy decisionThe Fed resumed its tightening campaign after a brief pause last month, raising interest rates by 25 basis points to 5.25%-5.50%, but did not strike a hawkish toneMarket attention now turns to the ECB, with the bank’s decision and guidance key to
FOMC DECISION KEY POINTSThe Federal Reverse voted to raise interest rates by 25 basis points to 5.25%-5.50%, the highest level in 22 yearsThe decision to resume the tightening campaign was widely expected by market participantsGold and the U.S. dollar go separate ways following the central bank’s decision ahead of Powell’s press conference Most Read: Could
Euro Analysis (EUR/USD, EUR/JPY)FOMC to hike by 25-bps in July but where will rates peak?EUR/USD rises ahead of FOMC statement and press conferenceEUR/JPY hints at potential breakdown as the Yen gains in popularity ahead of BoJ meetingThe analysis in this article makes use of chart patterns and key support and resistance levels. For more information
OIL PRICE FORECAST:Oil Rally Pauses as Caution Takes Hold of Market Participants.Chinas Recovery Eyeing a New Bout of Stimulus Which Should Put it on Course for its 5% Growth Target in 2023.IG Client Sentiment Hints at the Current Indecision and Caution Regarding the Next Move in Oil Prices.To Learn More About Price Action, Chart Patterns
S&P 500, Nasdaq AnalysisMarkets brace for the Fed’s interest rate decision with all eyes on the outlook into year endS&P 500 expected to open lower despite positive earnings updatesTech-heavy Nasdaq struggles to reclaim recent high ahead of rate decisionThe analysis in this article makes use of chart patterns and key support and resistance levels. For