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Gold is trading in a holding pattern near 4,200 USD per ounce on Tuesday, as markets remain in a state of suspended animation ahead of the Federal Reserve’s policy decision. While a 25-basis-point rate cut is almost fully priced in, investors will scrutinise the updated economic projections and Chair Jerome Powell’s subsequent press conference for […]
The post Gold on Pause Awaiting the Fed’s Verdict appeared first on ActionForex.
Yesterday’s losses were eventually pared as markets recovered after some brief weakness. What might keep a lid on gains is the risk of a hawkish Fed’s decision tomorrow.
This article was written by Giuseppe Dellamotta at investinglive.com.
The RBA kept the cash rate on hold as expected. The Board was slightly more hawkish but Governor Bullock was firmly focused on the upside risks to inflation. We are less convinced that capacity constraints will be an issue for inflation, which could bring back the debate for rate cuts. As widely expected, the RBA […]
The post RBA Holds Cash Rate at 3.6%, Focused on Upside appeared first on ActionForex.
Markets In advance one could have assumed that a thin calendar and markets awaiting additional guidance from Wednesday’s Fed meeting to result in subdued technical trading in core yield markets. Quod non. It didn’t take into account some trend-supporting quotes from influential ECB board member Isabel Schabel. She advocated that some kind of reflationary momentum […]
The post RBA Does Not Like Where Prices Headed to appeared first on ActionForex.
Daily Pivots: (S1) 1.3311; (P) 1.3336; (R1) 1.3357; More… GBP/USD is staying in consolidations below 1.3384 and intraday bias remains neutral. With 1.3178 support intact, further rally is still expected. As noted before, fall from 1.3787 should have completed as a three-wave correction to 1.3008. On the upside, above 1.3384 will target 1.3470 resistance. Decisive […]
The post GBP/USD Mid-Day Outlook appeared first on ActionForex.
Daily Pivots: (S1) 1.1624; (P) 1.1648; (R1) 1.1668; More…. EUR/USD is staying gin consolidations below 1.1681 and intraday bias remains neutral. Further rally is in favor with 1.1590 minor support intact. Corrective fall from 1.1917 could have completed at 1.1467. Above 1.1681 will target 1.1727 resistance first. Firm break there will solidify this case and […]
The post EUR/USD Daily Outlook appeared first on ActionForex.
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