FOMC's report provided positive feedback on the current domestic US economic dynamics. However, a rather dovish outlook made the US dollar weak, resulting in the USD's plunge in the currency pairs across the Forex market.
Tag - usd
Time to case-test a triangle chart formation with NZD/USD
All eyes today are on the FOMC meeting: will the Federal Reserve ease traders' concerns about the increasing inflation or not? How can this influence EUR/USD, USD/JPY, gold, and S&P500? Watch the video to find out!
The market optimism waned ahead of the Fed meeting: stock indices dropped, gold and the USD rose.
Deutsche Bank has raised its growth forecasts for the UK for the current year. It will drive GBP/USD further up!
What is the likely scenario for the Wednesday Fed report and the US interest rate in 2023? Let's see...
The Forex market is volatile and a bit indecisive this Tuesday but we have the S&P finally opening the way to 4000 as it managed to cross the resistance of 3960!
Jump in to get the latest market news and fresh technical analysis of EUR/USD and GBP/USD!
In a few days, primary Forex currencies will hear what their respective central banks think about the future - and we're about to trade it!
The US Fed rate will be announced on March 17, at 20:00 MT time.
Yesterday, S&P surged to the all-time high of 3960, driven by Biden’s $1.9 trillion relief bill. Today the stock index has taken a break. Meanwhile, the US dollar is edging higher today, pressing down its peers.
The British pound has been notably strong over its peers recently. Will that lead to quick exhaustion of bulls? Not really. Read the article to know why.