|Day's Range||1.173 - 1.18|
|52 Week Range||1.1302 - 1.2558|
Investing.com - The dollar was on the backfoot against its rivals Tuesday, shrugging off stronger U.S. economic data and the prospect of further monetary policy tightening as the two-day Fed meeting got underway.
Investing.com - The dollar slid to the lowest levels of the day against a currency basket ahead of the two-day Federal Reserve meeting beginning later Tuesday, at which it was widely expected to hike rates for the third time this year.
Europe’s main stock gauge closes in the black on Tuesday, after a weaker start to the week as major oil companies climb on an extended run for crude prices and investors look ahead to the start of the Federal Open Market Committee meeting.
Investors are assessing whether the Federal Reserve’s highly anticipated interest rate hike this week could reignite a dollar rally. Here’s why some analysts are skeptical.
In this introduction, we will define the types of currency pairs and cover some of the basics you’ll need to know before you begin trading the ‘exotics’.
Major currencies were muted on Tuesday as traders were awaiting the Federal Reserve interest rate decision on Wednesday, the major event of the week. The U.S. dollar was struggling for direction, trading mostly sideways, as the Fed’s two-day monetary policy meeting was about to get under way. Investors are expecting a 25-basis-point interest rate increase Wednesday afternoon.
Based on the early price action, the direction of the EUR/USD is likely to be determined by trader reaction to the uptrending Gann angle at 1.1746.
Although short-term ascending trend-line signals the EURUSD’s strength, the pair might soon find it hard to extend its recovery as the 1.1815-25 horizontal-region is nearby. Should prices rally beyond 1.1825 on a daily closing basis, the 1.1900 and the 200-day SMA level of 1.1945 are likely following numbers to appear on the chart. Moreover, pair’s sustained trading above 1.1945 could recall the 1.2000 round-figure and the 1.2040 resistances. On the downside, a D1 close below 1.1725 TL can drag the quote to 100-day SMA level of 1.1660 and then to the 50-day SMA level of 1. ...
Investing.com - The dollar edged lower against a basket of the other major currencies on Tuesday as investors looked ahead to the upcoming Federal Reserve policy meeting, at which it was widely expected to deliver its third rate hike this year.
Heritage Capital president Paul Schatz says stocks are hitting all of his targets and Dow 27,000 is next. He points to energy and biotech sectors as ones to watch. He sits down with Yahoo Finance's Seana Smith, Dion Rabouin and Ethan Wolff-Mann to discuss.
Live from the floor of the New York Stock Exchange, Yahoo Finance's Jared Blikre joins Dion Rabouin to discuss the latest market moves.