All Articles Tagged - EURUSD

Daily Comment – Fed goes big with first rate cut; BoE takes the torch

Posted on September 19, 2024 at 8:29 am GMT

Fed lowers interest rates by 50bps New dot plot signals another 50bps cuts by December Wall Street closes in the red, futures point to higher open BoE and BoJ take the central bank torch It has begun! The Fed decided to kickstart this easing cycle with a bold 50bps rate cut, and to flag more reductions before the turn of the year. The new dot plot pointed to another 50bps worth of reductions by the end of 2024, which translates [..]

Quick Brief – It’s Fed time!

Posted on September 18, 2024 at 2:51 pm GMT

Will the Fed cut interest rates by 25bps or 50bps? A 25bps reduction could be the wiser choice But there are upside risks even in the case of a 50bps cut The much-awaited FOMC decision has finally arrived. In a few hours, the Committee will make known to the world whether it has decided to cut interest rates by 25 or 50 basis points. According to Fed funds futures, the probability of a bolder 50bps reduction currently rests at around [..]

Daily Comment – Let the Fed rate cuts begin

Posted on September 18, 2024 at 8:15 am GMT

Dollar trades indecisively ahead of important Fed decision Investors assign a strong 60% chance for a 50bps cut Wall Street and gold traders also on the edge of their seats Pound rebounds on sticky UK inflation Fed to press the rate cut button The dollar rebounded against most of its major peers on Tuesday but resumed its slide early today as traders appear reluctant to assume a clear direction ahead of the very important Fed decision later today, when the [..]

Volatility eases a bit ahead of the key Fed meeting – Volatility Watch

Posted on September 17, 2024 at 10:51 am GMT

Euro/dollar volatility remains low as dollar weakness lingers Volatility in commodities stays elevated led by silver Stock indices and bitcoin experience lower volatility Euro/dollar volatility remains low as the market is preparing for the key Fed meeting on Wednesday that could deliver a previously unexpected 50bps rate cut. Amidst these conditions, yen pairs are experiencing the highest volatility of the past month as the yen continues to outperform its main counterparties on the back of divergent monetary policy. Volatility in gold has increased somewhat, partly [..]

Daily Comment – Stocks extend gains as a 50bps Fed cut becomes more likely

Posted on September 17, 2024 at 8:13 am GMT

Stocks in the green as a 50bps Fed rate cut is expected US retail sales today could prolong dollar’s weakness Loonie could suffer from another weak CPI report Gold remains bid as US yields continue to drop 50bps Fed rate cut is now the main scenario Markets continue to dance to the tune of Wednesday’s Fed meeting. Chances of a 50bps rate cut got a strong boost yesterday with the market currently pricing in a 67% probability that history will [..]

Technical Analysis – Will EURUSD take its bullish chances?

Posted on September 17, 2024 at 8:05 am GMT

EURUSD slows pace after a quick bounce to 1.1135 Short-term trendline in focus; technical bias remains positive US retail sales due at 12:30 GMT EURUSD started the week on the right foot, finishing Monday’s session comfortably higher, though around the short-term resistance trendline at 1.1135, which poses a risk. The pair is currently lacking momentum, but the bulls are still in town according to the technical indicators. Hence, a close above 1.1135 could stage a new bull run towards the August [..]

Weekly Technical Outlook – USDJPY, EURUSD, GBPUSD

Posted on September 16, 2024 at 2:27 pm GMT

EURUSD speeds up to test 1.1100 area as debate over a bold Fed rate cut continues USDJPY hits 14-month low; BoJ awaited to give direction on rate hikes GBPUSD shifts to the upside ahead of CPI data and BoE rate decision FOMC rate decision –> EURUSD The Fed will announce its rate decision on Wednesday at 18:00 GMT and the question is not if, but by how much it will cut interest rates. Investors have long been debating between a 25bps [..]

Technical Analysis – EURUSD holds bullish bias but strong resistance at 1.1150

Posted on September 16, 2024 at 1:23 pm GMT

EURUSD pulls back up off 1.1000 Price surpasses 20-day SMA Technical oscillators tick north EURUSD has gained ground over the last few days, especially after the rebound off the 1.1000 round number, and it managed to hold above the 20-day simple moving average (SMA) and re-enter the 1.1100 area, with the technical indicators feeding prospects for a possible positive short-term trading. The RSI holds above 50, while the stochastic continues to strengthen its upside move. If 1.1150 proves easy to get through, [..]

Daily Comment – Slow start to the week ahead of the Fed meeting

Posted on September 16, 2024 at 8:15 am GMT

Mixed movements in FX but the yen remains on the front foot Stocks recorded their best weekly performance of 2024 Another assassination attempt against Trump Bitcoin suffers while gold reaches a new all-time high Stocks are in anticipation mode A very important week has commenced with the US equity markets digesting last week’s impressive performance. Both the S&P 500 and Nasdaq 100 indices recorded their best weekly performance since November 2023. One of the main reasons for this improved performance [..]

Week Ahead – Fed to cut interest rates, BoE and BoJ to remain on hold

Posted on September 13, 2024 at 10:28 am GMT

Investors are split between a 25 and 50bps Fed rate cut BoE expected to stand pat, but resume cuts in November BoJ to also stay on hold, focus to fall on future hike signals Let the Fed cuts begin Since the July US employment report, which sparked fears of recession, investors have been trying to figure out the size of the potential rate cut the Fed will deliver at its September gathering, and the moment of truth has finally come. [..]

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