|Day's Range||1.4 - 1.401|
|52 Week Range||1.2344 - 1.4340|
Keith Bliss of Cuttone and Company joins Yahoo Finance's Seana Smith from the floor of the New York Stock Exchange to discuss the latest market moves.
Investing.com – The dollar rose against a basket of major currencies amid expectations that the U.S. Federal Reserve will raise rates for the first time this year on Wednesday.
Investing.com - The dollar rebounded against a basket of the other major currencies on Tuesday, ahead of a Federal Reserve policy meeting where it was expected to announce the first rate hike of this year.
Investing.com - The U.S. dollar moved higher against other major currencies on Tuesday, as investors awaited the Federal Reserve's monthly policy meeting due to begin later in the day.
Investing.com - The pound trimmed gains on Tuesday after data showing that inflation in the UK fell to its lowest level since July last month, easing a squeeze on household spending.
While 1.2350-55 confined the EURUSD’s latest recovery, the 1.2290 seems coming back on the chart but an upward slanting trend-line, at 1.2265 now, may restrict the pair’s following downside. Should the quote drops beneath the 1.2265, the 1.2230 and the 1.2210-05 horizontal-line can become sellers’ favorite ahead of reigniting the importance of 1.2155 support-mark. In case if the Fed disappoints USD Bulls, the 1.2355 may offer immediate resistance to the pair before propelling it to the 1.2380 trend-line barrier, which if broken could further escalate the up-moves to 1.2410 and then to the 1. ...
Furthermore, the UK consumer price index may probably lead to a rise of the GBP, a nice boost along with other factors that have been presented above. It could be noted that the GBP/USD fundamental analysis aligns with the technical analysis.
The pair shot higher slamming the 1.2325 level during the Monday’s session, the area which has been a bit noisy and supportive in the past. Because of this, it will experience difficulty in crossing above and once it clears above then it should move higher reaching the 1.24 and 1.25 level eventually. The market has also some downside risk if the Fed sounds out to be more hawkish in respect to the rate hike in its next meet. …Read MoreGBP/USD
The British pound exploded to the upside during trading on Monday, as it was announced that the United Kingdom and the European Union have come to some type of basic outline for the United Kingdom leaving the European Union. This has been a bit of a dark cloud hanging over the British pound, so buyers jumping in at this point isn’t much of a surprise.
The Euro reversed earlier losses on Monday after investors revived bets that the ECB may raise rates sooner than previously thought.
The dollar fell against a basket of major currencies weighed by a sharp rise in sterling as the UK and EU reportedly reached an agreement on a post-Brexit transition period and the Irish Border. The U.S. dollar index, which measures the greenback’s strength against a trade-weighted basket of six major currencies, fell 0.38% to 89.46. Ahead of the Federal Reserve Open Market Committee (FOMC) meeting, the dollar struggled to advance despite expectations FOMC members on Wednesday will vote to raise rates for the first time this year and could add a fourth rate hike projection to the current projections three rate hikes expected this year amid a hawkish tweak in the FOMC language in January.
The U.S. dollar was lower against a basket of other currencies on Monday as news of progress on Brexit caused sterling to surge. “Decisive steps” have been made between the United Kingdom and the European Union on the agreements of the Brexit transition deal, officials said on Monday. The draft withdrawal bill was jointly published by the UK and EU and showed that complete agreement had been reached on Phase 1 points negotiated in December in regards to financial settlement and citizens’ rights.