Tag: FOMC

November 22, 2022 BY Steffy Bogdanova

Weekly data: Gold and Oil ahead of FOMC minutes

On the technical analysis point of view the price is currently trading around the $1,740just above the 61.8% of the Fibonacci retracement level. With a bear flag formation forming in the last 4 days we might see some continuation to the downside with a very strong area of support around the $1,712 price area which…

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January 05, 2022 BY Steffy Bogdanova

Weekly data: packed week with NFP and FOMC’s minutes

From a technical point of view, a clear move back above $80 seems to be unlikely as of now given this area’s importance as a psychological resistance and buying saturation based on the slow stochastic. ATR of around $2.20 is now about half the peak in December, though, so a retest of $80 seems very…

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August 17, 2021 BY Steffy Bogdanova

Weekly data: FOMC’s minutes and RBNZ’s statement ahead

The obvious near-term resistance here is the value area between the 100 and 200 SMAs. Whether this might be tested on Wednesday morning is likely to depend on how markets perceive the accompanying commentary from Dr Orr and other senior members of the RBNZ, not just whether the cash rate is hiked as expected. Lower…

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weekly markets analysis
April 27, 2020 BY Steffy Bogdanova

Weekly data preview: all eyes on central banks

Wednesday is the big day this week for dollar-yen, with advance quarterly GDP data from the USA coming ahead of the FOMC’s meeting. Very poor data is already priced in but how the Fed interprets the figures might be key for ongoing direction in the latter part of the week. Key data points Wednesday 29…

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Daily Market analysis
August 01, 2019 BY Valentina Kirilova

Daily market commentary: The US Dollar records gains following Fed’s announcement of a 25 basis point rate cut

ActivTrades’ Market Analysts have prepared for LeapRate their daily commentary on traditional markets for August 1, 2019. See details below: FOREX The US Dollar recorded gains, following yesterday’s announcement of a 25 basis point rate cut by the Fed. It Is counterintuitive that a rate cut is followed by a strengthening of the currency, but…

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USD/JPY AUDJPY
December 15, 2016 BY Valentina Kirilova

Japanese yen is getting crushed

The Japanese yen is getting crushed - dropped with 0.7% at 118.0250 per dollar as of 7:38 a.m ET. This happens in the aftermath of the Federal Reserve's decision to raise rates for the second time this decade. As most of the market watchers expected, the Federal Reserve decided to raise its benchmark interest rate by 25…

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