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The Australian dollar, paired with the US dollar, is once again facing pressure. The current AUDUSD quote is 0.6759. The Aussie’s volatility is drawing attention. On one hand, a strong US dollar exerts pressure on the AUD. On the other hand, China is sending quite positive signals. Today’s statistics revealed that inflation in Australia for […]
The major currency pair remains in a neutral position on Wednesday. The current EURUSD quote is 1.1050. The two-day meeting of the US Federal Reserve System concludes tonight. Regarding the interest rate, the outlook is relatively clear: there will be a 25-basis point increase, bringing the borrowing cost to 5.5% per annum. However, the real […]
So, the FOMC day has arrived. The market has already priced in one rate hike (according to futures, with a 99% chance), and judging by the recent bullish rebound of the dollar, it doubts that the regulator will consider the June deceleration of core inflation as a starting point in its communication. The Fed could […]
FOMC Expectations Weighing on Nasdaq US stocks are trading tentatively ahead of the FOMC later today. Looking at the Nasdaq, the index has pulled back from the recent YTD highs and is currently sitting around 3% lower. Expectations are split ahead of the Fed later with the base case scenario being that the Fed hikes […]
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EURUSD, “Euro vs US Dollar” EURUSD has reached the local target of a declining wave at 1.1020. The market is consolidating above this level today. A link of growth to 1.1070 is expected to develop, followed by a drop to 1.1046. Next, the pair could rise to 1.1100, from where the correction might expand to […]