|Day's Range||112.11 - 112.605|
|52 Week Range||104.6670 - 114.5110|
The U.S. dollar trades solidly lower ahead of the Federal Reserve’s decision later Wednesday, as investors brace for signals of a moderated approach to normalizing domestic monetary policy from the central bank.
Investing.com - The U.S. dollar was on the backfoot on Wednesday, as markets awaited signals from the Federal Reserve on its plans for next year.
The Federal Reserve is due to announce its decision 1900 GMT after its final two-day policy meeting of the year. Fed Chairman Jerome Powell is scheduled to hold a press conference following the interest rate decision.
The pair will continue to trade volatile ahead of the outcome of the Fed meeting regarding the rate hike decision. The British Pound rallied a bit during yesterday’s session slamming the 1.27 level, which is a psychologically and structurally important handle.
Investing.com - The U.S. dollar slipped on Wednesday in Asia as the Federal Reserve got its two-day meeting underway.
The Greenback is hit early with sentiment towards today’s FED decision sitting on the dovish side, expectations being particularly mixed this time around.
Investing.com - The U.S. dollar was lower on Tuesday as investors waited for news from the Federal Reserve’s latest policy meeting.The U.S. dollar index, which measures the greenback’s strength against a basket of six major currencies, fell 0.14% to 96.41 as of 10:23 AM ET (15:23 GMT), after an overnight high of 96.63.With the Fed expected to increase rates by 25 basis points for the fourth time this year on Wednesday, investors will be watching for any new comments on possible policy changes in 2019. ...
The US dollar fell again during trading on Tuesday, testing a major trendline that I have been talking about for a while. Underneath that trend line, there is the 200 day moving average, and the ¥112 level. Both of those could be significant, so the next couple of days are going to be very interesting.
The British pound went back and forth during the day on Tuesday, as we continue to have a severe lack of understanding as to where to go next. Quite frankly, rally should be looked at as an opportunity.
EURUSD’s U-turn from 1.1270-60 support-zone presently struggles with 50-day SMA level of 1.1395, which if broken can escalate the pair’s recovery to near-term descending trend-line resistance, at 1.1430. Should prices rally beyond 1.1430 on a daily closing basis, the 1.1490, comprising 100-day SMA, followed by 1.1530, may act as intermediate halts during the pair’s surge to 1.1620 level. In case the pair fails to surpass the 1.1395 upside barrier, the 1.1300 and the 1.1270-60 could regain market attention. However, sustained downturn beneath 1.1260 might only have 1. ...
Investing.com - The U.S. dollar slid lower against a currency basket on Tuesday ahead of this week's Federal Reserve meeting while the yen remained supported amid concerns over the outlook for global growth.
Investing.com - The U.S. dollar was flat on Tuesday in Asia as investors waited for the Federal Reserve to deliver its latest monetary policy decision.
The EUR/USD pair rallied a bit to kick off the week but struggled to move higher as the 50 Day EMA crossover offered significant resistance. With Federal Reserve moving to raise the interest rate this Wednesday, the pair is expected to trade under pressure with a back and forth momentum. The 1.14 level above will be a strong resistance and 1.13 level will act as a hard support. …Read MoreGBP/USD
U.S. equity futures retreated from their highs during the speech which doesn’t bode well for the USD/JPY on Tuesday. If investors feel that China is going to make it difficult to achieve a trade deal with the U.S. by the March 1 deadline then they are likely to resume selling pressure in the cash markets on Tuesday. Another steep stock-market sell-off will continue to encourage investors to seek shelter in the safe-haven Japanese Yen.
Sentiment towards the release of the FOMC economic projections continue to weigh on the Dollar, while the British PM sees more trouble at home.
Investing.com - The U.S. dollar fell against its rivals Monday as downbeat regional manufacturing data weighed on sentiment ahead of the Federal Reserve decision due Wednesday.
The U.S. dollar weakens versus it major rivals as investors get ready for a flurry of monetary-policy decisions in a data-heavy week.
Investing.com - The U.S. dollar pulled back from an 18-month high on Monday after disappointing economic data.The U.S. dollar index, which measures the greenback’s strength against a basket of six major currencies, fell 0.2% to 96.69 as of 10:10 AM ET (15:10 GMT), after an overnight high of 97.69.The Empire State manufacturing index was lower in December, adding to concerns over the health of the U.S. economy. The reading was at 10.90 from 23.30 in November, the New York Fed reported on Monday. ...
The US dollar rolled over a bit during the trading session on Monday, as we rolled over towards the 50 EMA on the daily chart. It looks as if we have conflicting pressure in this market, sending it in both directions.
Investing.com - The U.S. dollar was holding steady below 19-month highs against a currency basket on Monday as concerns over the outlook for global growth kept sentiment subdued ahead of this week’s Federal Reserve policy meeting.
The Aussie Dollar finds support from the latest MYEFO report, with inflation and trade data out of the Eurozone bringing the EUR into focus later today.
This week, USD/JPY investors will get the opportunity to react to interest rate and monetary policy decisions by the U.S. Federal Reserve and the Bank of Japan. Also in the U.S., the government will release the latest figures on durable goods and gross domestic product. The Japanese government is also scheduled to release its latest figures on inflation.