Technical Analysis

Price has increased in the second part of the day and has managed to resume the minor upside momentum. The greenback was ruined by the FOMC and now could drop much deeper versus all its rivals. GBP/US...
Fundamental Analysis

The FOMC statement met market expectations that its policy setting would remain unchanged. The Fed prefers to take decisions at meetings where new forecasts are available and a press conference is sch...
Technical Analysis

After blowing through double top resistance, EUR/JPY has continued higher on fundamentally driven Euro strength. I don't normally go as wide as the weekly chart, but higher time frame levels are the s...
Fundamental Analysis

The Fed has articulated its concerns about the low level of inflation in the US, which lessens the likelihood of a December rate hike. The US dollar then dropped against the other major currencies in ...
Fundamental Analysis

EUR/USD pulled back towards the 1.1600 level early on Wednesday, ahead of the potentially pivotal Fed statement to be issued later in the day at the conclusion of this week's two-day FOMC meeting. The...
Fundamental Analysis

Economic growth in the United Kingdom remained modest in Q2, growing at a 1.2 percent annualized rate over the quarter. Monthly data suggest that a deceleration in consumer spending has played a role ...
Fundamental Analysis

Today, trading in the major USD cross rates was somewhat paralysed as investors kept side-lined ahead of this evening's Fed policy statement. The dollar tried to extend yesterday's rebound during Euro...