Forex News

A combination of supporting factors assisted AUD/USD to gain positive traction on Wednesday. RBA rate hike bets, the risk-on impulse in the markets benefitted the perceived riskier aussie. Hawkish Fed expectations acted as a tailwind for the USD and might cap gains ahead of FOMC. The AUD/USD pair extended its steady intraday ascent and climbed…

EUR/GBP recently slipped back under 0.8350 amid the ongoing rebound in US equities and macro risk appetite. Central bank divergence also continues to weigh while the pound remains resilient to political uncertainty. EUR/GBP has been nudging back lower on Wednesday and recently dipped under the 0.8350 level, nearly 1.0% below Monday’s highs in the 0.8420…

EUR/USD has been pivoting around the 1.13 level since mid-November. In the view of economists at Rabobank, it is likely that the direction of the pair in the short term will be taken from the tone adopted by Fed Chair Powell in his post FOMC meeting press conference today.  Current long USD positions will continue…

Before testing $1,850, gold seems to have lost its bullish momentum, with investors remaining on the sidelines ahead of the US Federal Reserve’s policy announcements on Wednesday, January 26. FXStreet’s Eren Sengezer highlights gold’s technical levels to watch for depending on the Fed’s policy outlook. A hawkish Fed policy outlook could cap gold's upside “The…

Spot gold has eased back into the mid-$1840s after hitting fresh multi-month highs above $1850 on Tuesday. Gold traders look ahead to Wednesday’s Fed meeting as a key upcoming risk event, whilst geopolitics are also eyed. After breaking out to fresh two-month highs to the north of the $1850 level on Tuesday, spot gold (XAU/USD)…

A combination of supporting factors assisted USD/JPY to regain positive traction on Wednesday. A strong recovery in the risk sentiment undermined the safe-haven JPY and extended support. Fed rate hike bets acted as a tailwind for the USD and also contributed to the ongoing move up. The focus remains on the outcome of a two-day…

EUR/USD extends the bearish note for the third straight session. Below YTD lows emerges the December 2021 low near 1.1220. EUR/USD remains well under pressure and trades at shouting distance from recent 2022 lows near 1.1260. The bias appears tilted to a deeper pullback in the very near term. That said, the next support of…

USD/CAD witnessed fresh selling on Wednesday and extended this week’s slide from the 1.2700 mark. Bullish crude oil prices, BoC rate hike bets underpinned the loonie and exerted downward pressure. Hawkish Fed expectations acted as a tailwind for the USD, though did little to stall the intraday decline. The USD/CAD pair continued losing ground through…