Fed

Learn how the Fed, ECB, and BOJ impact forex markets. Get answers to FAQs on interest rates, currency trends, and trading strategies in this must-read guide.

The USD bullish rally continued to rage after Powell bluntly said that the Fed may not be in a hurry to cut rates, citing a strong labour market and a "remarkably strong" economy.

Gold’s now testing its 100-day MA and the 14-day RSI is at its lowest level in a year, hinting at a near-term bounce.

USDJPY Forecast: The bull run of the US Dollar Index has pushed the USDJPY back in the borders of its primary uptrend, and further volatility risks are on the horizon with the US CPI results.

With Kashkari throwing the word ‘pause’ into the mix ahead of a US CPI report, traders should brace themselves for further USD gains should it come in hotter than expected.

Key Economic Events: BoE and Fed Rate Decisions Today, both the Bank of England (BoE) and the Federal Reserve (Fed) are expected to announce interest rate cuts, which could impact global markets, especially stocks, forex pairs, and commodities.

We finally get a bit of a breather from the US election and can shift out attention to today’s BOE and FOMC meetings, making it an ideal time to catch up on GBP/USD.

GBPUSD Outlook: Following Trump’s victory, the US Dollar surged, pressuring the British pound toward October lows. The pound’s long-term uptrend above its 15-year consolidation faces a key test on Thursday with BOE and Fed policy decisions.

The US dollar and yields have enjoyed a strong rally over the past five weeks, thanks to hotter US data, Fed members pushing back on rate cuts, and Trump leading in many polls. But with the US election on our doorstep and the potential for a delayed result, could this tie the Fed’s hands at this week’s meeting?

Coming in the lead up to a tightly-contested Presidential election, this month’s NFP report could have an outsized impact on sentiment and the US dollar.

Traders are pricing in roughly a 1-in-10 chance that the Fed leaves interest rates unchanged at its November, but it may take 4 more better-than-expected US economic reports in a row.