EUR/USD extends decline sub 1.2260 ahead of Fed's announcement

The pair is at a fresh March low, and while the decline is slow motion and a bearish breakout is still far away, the risk is now skewed to the downside.



Valeria Bednarik
Yohay Elam

Fed Live Coverage - Wednesday 21st - 17:45 GMT

Fed Chair Powell makes his debut and is set to raise rates. Join us here for a live coverage of the decision, the dot-plot and Powell's press conference.

GBP/USD pierces 1.4000 on dollar's strength

The greenback's recovery accelerated in the US afternoon, pushing GBP/USD to fresh daily lows sub-1.4000, Pound weak on diminished chances of a BOE hike.


USD/JPY unable to extend gains, but up for the day

The USD/JPY pair stalled its daily recovery around 106.60, trading below it for most of the US session, but in the green for the day.


AUD/USD reaches new 2018 low

The Aussie extended its decline against its American rival to a fresh 2018 low of 0.7681, has room to retest December's low at 0.7500.



More EUR/USD News


More GBP/USD News


More USD/JPY News

Bitcoin analysis: BTC/USD breaks above $8,500 as upside gains are capped below $8,600

Bitcoin price has strengthened its position above $8,000. The price is currently trading in a ranging channel on Tuesday with the upside gains capped below $8,600 while the lows are protected at $8,362.

More Bitcoin News

Ripple price analysis: XRP/USD unable to hold on to early gains, several confluences on daily time frame for bearish trend to continue

The Ripple price is seen down around 4% on Tuesday, after initially starting the day in the green. There was a brief rally seen yesterday, after the bears dominated the markets over these last weeks.

More Ripple News

EOS price is skyrocketing on Tuesday: EOS/USD price up 20% in the wake of G20 summit in Buenos Aires

EOS is the best performer among the top ten coins in the market on Tuesday. The cryptocurrency is up by 20% just a day after the G20 summit. The upside momentum was initiated the day before the summit on March 18 when...

More EOS News

Bitcoin Cash price analysis: BCH/USD in trading head-and-shoulder pattern, encounters high resistance at $1,000 level

Bitcoin Cash price the 1,000 level on during Tuesday morning trading session, however, the bulls failed to sustain the gains. The currency declined to complete the head in the forming head-and-shoulder pattern. 

More Bitcoin Cash News

Investors sentiment in Germany and the Eurozone deteriorated sharply in March as US-led global trade conflict spurs concerns about the exports and the strength of Euro that is hampering the economic outlook for Germany and the Eurozone.

Sterling’s appreciation at the beginning of this year has finally fed into lower import prices bringing the UK inflation to 2.7% y/y while core inflation decelerated to 2.4% in February.

The Bank of Japan new Deputy Governors Amamiya and Wakatabe proved very dovish while emphasizing their readiness to add the monetary stimulus to achieve 2% inflation target.

The macro calendar is empty in the US before Federal Reserve Bank meeting on Wednesday.

Read Full Report

EURUSD Analysis: Bet on volatility ahead [Video]

GBP/USD Forecast: How to trade the UK jobs report with the Market Impact tool

Mixed Pound so far – Focus turns to Labour data

AUD/USD: Rejected at technical cluster, has room to the downside - Confluence Indicator