GBP/USD extends its falls to 1.2450 amid weak UK inflation, Brexit impasse

GBP/USD has dropped to around 1.2450 as UK headline CPI missed with 1.7% in August. Brexit negotiations remain stuck according to Chief EU negotiator Barnier. The Fed decision is eyed.

RECOMMENDED

GBP/USD News

Joseph Trevisani
Valeria Bednarik

Fed Live Coverage - Today at 17:30 GMT

Will the Fed send the dollar surging or plunging? The bank is set to cut rates but with many moving parts and high uncertainty, volatility is set to surge. Join us!

EUR/USD tension remains elevated ahead of the Fed

EUR/USD is trading above 1.1050, in a narrow range ahead of the all-important Fed decision. Chair Powell is set to cut rates but signal no further stimulus is on the cards.

EUR/USD News

Forex Today: Fed set to trigger high volatility, oil falls, altcoins advance

Tension is mounting ahead of the Federal Reserve decision later today. Economists expect a 25 basis point rate cut amid slowing global growth and investment. 

Read more

Federal Reserve Preview September 17-18 FOMC: Even Odds

The already complicated economic and bureaucratic circumstances for Wednesday’s Federal Reserve decision were further disturbed when Saudi oil facilities were attacked over...

Read more

FXS Premium

Top 3 price prediction Bitcoin, Ripple, Ethereum: Cryptos seeing multiple launches into the universe

The BTC/USD pair is currently trading at the $10.187 price level, the same price level as in recent weeks. The most serious difficulty for Bitcoin is the low volatility, after many days in the same price range, strength and speed indicators are at minimum levels. It will not be easy to start again.

More Bitcoin News

Litecoin price analysis: LTC/USD bullish frenzy is unstoppable

Litecoin like other major altcoins has been performing relatively well since the beginning of the week. The bullish action continued on Wednesday with Litecoin rising to an intraday high of $76.2644. 

More Litecoin News

NEO price analysis: NEO/USD retreats from intraday high, upside momentum recedes

NEO is performing strongly on Wednesday. The 20th largest digital asset with the current market value of $69 million gained over 7% both on a day-on-day basis and moved nearly 3% higher since the beginning of the day.  At the time of writing, NEO/USD is changing hands at $9.80, off the intraday high of $9.87. 

More NEO News

TRON market update: TRX/USD tests DMA50 for the first time since July

TRON (TRX) is one of the best performing coins on Wednesday. TRX/USD has gained over 10% of its value to trade at $0.0178 by press time. While the coin has retreated from the intraday high ($0.0178), the upside momentum is still strong as TRX is moving in sync with the rest of the market. 

More Tron News

Will a Liquidity Shortage Force the Hand of the FED Back into QE? [Video]

Pound pulls back as inflation dips

USD/JPY Outlook: bulls may accelerate if no surprise from Fed

FX Update – September 18 – FOMC Day

Valeria Bednarik

The European Central Bank announced a stimulus package to boost growth and inflation

The EUR/USD pair is closing a second consecutive week with gains at around 1.1070, retreating from a high at 1.1109. A scarce macroeconomic calendar kept the pair in a dull range during the first half of the week, also the wait and see stance ahead of the ECB monetary policy decision on Thursday. One done, one to go, as the US Federal Reserve will be announcing its decision on monetary policy next Wednesday, September 18.




EUR/USD is trading above 1.10 as markets gear up for the all-important decision by the Federal Reserve. The world's most popular currency pair is locked in a tight range but may explode when the central bank decides.

The Technical Confluences Indicator is showing that EUR/USD is capped at around 1.1075, where a dense cluster of lines awaits it. That includes the Bollinger Band 15min-Upper, the Fibonacci 38.2% one-month, the previous daily high, the Simple Moving Average 50-15m, the SMA 10-1h, the Fibonacci 23.6% one-month, the SMA 10-1h, and more.

Further above, it faces only weak resistance. The initial target could be 1.1151, which is the convergence of the Fibonacci 61.8% one-month, the Pivot Point one-week Resistance 1, and the BB 1d-Upper.

Looking down, significant support awaits at 1.1048, where a juncture of levels awaits it: the SMA 50-4h, the SMA 10-1d, the Fibonacci 38.2% one-day, the SMA 5-1d, the SMA 100-15m, the SMA 100-1h, and the Fibonacci 38.2% one-week.

Read Full Report

NEXT LIVE SHOWS

Date Event Title Sponsor More Info
Premium US Pre-Market Open Ed Ponsi, CTA Event Details
Premium US Session Open Ed Ponsi, CTA Event Details
Trade Like a Bank - Free Access Sam Seiden Event Details
Premium US Pre-Market Open Ed Ponsi, CTA Event Details