Tag Archives: FED

The dollar is ending Wednesday firmly higher across the FX board, following the US Federal Reserve monetary policy decision.As widely anticipated, rates and taper were left unchanged, although the statement indicates that “the Committee expects it will soon be appropriate to raise the target range for the federal funds rate.” …

On Wednesday, the NZD/JPY clings to its gains, up some 0.10%, amid a risk-off environment. A risk-off market mood triggered an equities selloff in the US stock market, influencing risk-sensitive currencies, like the NZD.The NZD/JPY is downward biased though a break above 77.00 would expose crucial DMAs. The NZD/JPY edges …

Gold prices have dropped and now trading at $1,817.59. Gold is moving towards the close and down some 1.65% after falling from a $1,850.11 high to test a low of $1,814.98. The drop came on the back of a hawkish twist at the Federal Reserve event on Wednesday.Initially, the Federal …

In his usual post-Fed meeting press conference, Fed Chair Jerome Powell said on Wednesday that he expects to see progress on inflation in the second half of 2022.Main Quotes: “It’s a very, very tight labor market.”“We think there’s a pool of people who could come back to labor force, but …

The S&P 500 faced strong resistance at the 200-DMA followed by a sharp drop approaching January 25 daily lows at 4,287. The S&P 500 plunges almost 1% during the New York session. After the Federal Reserve announced that it keep the Federal Funds Rates (FFR) unchanged at the 0 to …

GBP/USD has exhibited a choppy post-Fed reaction, swinging from just above 1.3500 pre-announcement to as high as the 1.3520s and then lower again to current levels around 1.3510. There hasn’t been much follow-through in terms of an FX market reaction in wake of the Fed’s latest monetary policy decision, which …

The US Federal Reserve announced on Wednesday that the FOMC had agreed to leave the Federal Funds target range unchanged at 0.0-0.25%, in line with expectations. The US central bank has said it will soon be appropriate to raise rates.

The European shared currency edges low, amid a risk-on market mood ahead of the Fed. The EUR/USD pair is downward biased though upside risks remain if the Fed fails to deliver a hawkish statement and could expose resistance levels at 1.1314 and 1.1398.A hawkish Fed statement could expose support levels …

Spot gold (XAU/USD) prices have been under selling pressure in recent trade, dropping from the mid-$1840s prior to the US open to around the $1830 as the Fed monetary policy announcement at 1330GMT looms. A combination of pre-Fed profit-taking and short-term, intra-day technical selling have been cited as the reason …

The US dollar advances some 0.27% ahead of the release of the Fed monetary policy statement. The USD/CHF is upward biased but faces strong resistance at the 100-DMA. The USD/CHF surges in the North American session reclaim the 0.9200 figure ahead of the FOMC monetary policy decision. The pair is …