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    EUR/USD Price Analysis: Seems vulnerable near mid-1.0500s amid geopolitical tensions

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    EUR/USD Price Analysis: Seems vulnerable near mid-1.0500s amid geopolitical tensions

    EUR/USD Price Analysis: Seems vulnerable near mid-1.0500s amid geopolitical tensions

    Australian Dollar extends gains on higher commodity prices, geopolitical tension in the Middle East

    Australian Dollar extends gains on higher commodity prices, geopolitical tension in the Middle East

    Proof-of-Stake-powered Cryptocurrency COSMOS Launches on 1xBit

    Proof-of-Stake-powered Cryptocurrency COSMOS Launches on 1xBit

    Markets turn cautious as focus shifts to US data, FOMC Minutes

    Markets turn cautious as focus shifts to US data, FOMC Minutes

    Dollar soars on hopes the US could avoid recession despite the aggressive Fed

    Dollar soars on hopes the US could avoid recession despite the aggressive Fed

    Putin allows Russian banks under sanctions to halt some FX operations

    Putin allows Russian banks under sanctions to halt some FX operations

    South Korea probes $3.1bn crypto-linked forex transactions

    South Korea probes $3.1bn crypto-linked forex transactions

    All ‘Ethereum killers’ will fail: Blockdaemon’s Freddy Zwanzger

    All ‘Ethereum killers’ will fail: Blockdaemon’s Freddy Zwanzger

    Paraguay’s crypto framework one step away from becoming law

    Paraguay’s crypto framework one step away from becoming law

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    Q4 Trade Opportunity: EUR/CAD Long-Term Reversal as Oil, Inflation Rise

    Q4 Trade Opportunity: EUR/CAD Long-Term Reversal as Oil, Inflation Rise

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    Australian Dollar Dips as US Dollar Rallies After Israel Attack. Lower AUD/USD?

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    AUD/USD Rises Despite Wall Street Selloff as Chinese Flooding Lifts Coal Prices

    Euro Forecast: EUR/USD Outlook Bleak as Traders Rush for US Dollars

    Euro Forecast: EUR/USD Outlook Bleak as Traders Rush for US Dollars

    RAND UPDATE: ZAR STRENGTH MAY BE SHORT LIVED AHEAD OF BUDGET SPEECH

    RAND UPDATE: ZAR STRENGTH MAY BE SHORT LIVED AHEAD OF BUDGET SPEECH

    CRUDE OIL PRICES MAY RISE ON US STIMULUS HOPES

    CRUDE OIL PRICES MAY RISE ON US STIMULUS HOPES

    IG CLIENT SENTIMENT DATA SENDING BEARISH SIGNALS FOR USD/ JPY, AUD/USD, GBP/ USD

    IG CLIENT SENTIMENT DATA SENDING BEARISH SIGNALS FOR USD/ JPY, AUD/USD, GBP/ USD

    EUR/AUD BREAKOUT COULD GROW LEGS

    EUR/AUD BREAKOUT COULD GROW LEGS

    CHINESE YUAN (CNH) DRIVING CURRENCY MARKETS; HOWEVER, TRUMP RISK REMAINS

    CHINESE YUAN (CNH) DRIVING CURRENCY MARKETS; HOWEVER, TRUMP RISK REMAINS

  • Commodities
    Abu Dhabi’s oil champion ADNOC bets on global expansion

    Abu Dhabi’s oil champion ADNOC bets on global expansion

    Oil prices jump as Middle East violence rattles markets

    Oil prices jump as Middle East violence rattles markets

    Panamanian trade unions reach agreement with government on essential commodities

    Panamanian trade unions reach agreement with government on essential commodities

    Dollar surges and stocks tumble as traders weigh global growth outlook

    Dollar surges and stocks tumble as traders weigh global growth outlook

    Can commodities make a comeback?

    Can commodities make a comeback?

    CME looks to lure retail traders with daily options frowned on in Europe

    CME looks to lure retail traders with daily options frowned on in Europe

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    Bitcoin Is Set to Thrive in October—No Matter Where Rates Go, Analyst Says

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    How ETF investors can bet on the crypto crash

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Dollar Falls as Markets Await Fed News

Some analysts believe that the Fed will simply continue to monitor the situation carefully, and adjust policy as the situation demands.

poweradmin by poweradmin
September 23, 2020
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The US Dollar was broadly lower during London trade on Wednesday on growing expectations that the Federal Reserve might need to embark on more easing weighed on the currency. The monetary policy decision is due out later today; while analysts believe the Fed is likely to leave interest rates at their current low level, the focus will be on the accompanying statement. Markets are anxious to hear if the Fed’s projections for the US economy have been downgraded, and especially its view on inflation. Then, analysts will have a clearer insight into what the Fed’s next possible moves might be. Some analysts believe that the Fed will simply continue to monitor the situation carefully, and adjust policy as the situation demands. That could mean that there may not be any sort of policy shift ahead of the US Presidential election on November 3rd.

As of 11:22 am in London, the EUR/USD was trading higher at $1.1876, up 0.2592%; the pair has ranged from a low of $1.18284 to a high of $1.18830 in today’s session. The GBP/USD was higher at $1.2950, up 0.4686%, and off the session peak of $1.29509. The USD/JPY was trading lower at 105.1380 Yen, down 0.24%, and off the session trough of 105.133 Yen.

Hope for China Lifts Aussie and Kiwi Dollars

In China, data that was far better than analysts had expected is raising hopes that the world’s second-largest economy could be rebounding from the impact of the Coronavirus. Earlier this week, retail sales and industrial production figures gave investors some hope of recovery. That news has helped to push the Chinese Yuan higher, as well as those currencies from nations that rely on China’s growth, namely the Aussie and Kiwi Dollars. The AUD/USD was higher at $0.7336, a gain of 0.5111%, while the NZD/USD was at $0.6749, up 0.5843%.

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