US dollar firmed versus all the major currencies on Monday as investors await the Fed’s meeting outcome on Wednesday. Given the recent strong US releases, part of market players expect the US monetary authorities to turn more hawkish in December.
EUR/USD holds below the 1.2500 mark as the expectations for the ECB’s QE keep on growing. On Tuesday watch the euro zone’s PMIs and ZEW economic activity indices – forecasts are upbeat. Break above 1.2500 could open the way for a higher rebound towards 1.2600, while support is seen at 1.2350.
GBP/USD fell from 1.5745 down to 1.5630. Watch the UK inflation data on Tuesday – price growth is expected to have slowed further in November. BOE Governor Marc Carney will deliver a speech tomorrow.
AUD/USD hovers near its 4.5-year lows slightly above the 0.8200 mark. This figure acts as a support these days, but the medium-term picture remains bearish. The RBA is scheduled to release its meeting minutes tonight. What’s more, the Aussie could also be influenced by the Chinese HSBC manufacturing PMI tonight (forecast – downbeat).
EUR/USD holds below the 1.2500 mark as the expectations for the ECB’s QE keep on growing. On Tuesday watch the euro zone’s PMIs and ZEW economic activity indices – forecasts are upbeat. Break above 1.2500 could open the way for a higher rebound towards 1.2600, while support is seen at 1.2350.
GBP/USD fell from 1.5745 down to 1.5630. Watch the UK inflation data on Tuesday – price growth is expected to have slowed further in November. BOE Governor Marc Carney will deliver a speech tomorrow.
AUD/USD hovers near its 4.5-year lows slightly above the 0.8200 mark. This figure acts as a support these days, but the medium-term picture remains bearish. The RBA is scheduled to release its meeting minutes tonight. What’s more, the Aussie could also be influenced by the Chinese HSBC manufacturing PMI tonight (forecast – downbeat).
Recommended Content
Editors’ Picks
EUR/USD regains traction, recovers above 1.0700
EUR/USD regained its traction and turned positive on the day above 1.0700 in the American session. The US Dollar struggles to preserve its strength after the data from the US showed that the economy grew at a softer pace than expected in Q1.
GBP/USD returns to 1.2500 area in volatile session
GBP/USD reversed its direction and recovered to 1.2500 after falling to the 1.2450 area earlier in the day. Although markets remain risk-averse, the US Dollar struggles to find demand following the disappointing GDP data.
Gold climbs above $2,340 following earlier drop
Gold fell below $2,320 in the early American session as US yields shot higher after the data showed a significant increase in the US GDP price deflator in Q1. With safe-haven flows dominating the markets, however, XAU/USD reversed its direction and rose above $2,340.
XRP extends its decline, crypto experts comment on Ripple stablecoin and benefits for XRP Ledger
Ripple extends decline to $0.52 on Thursday, wipes out weekly gains. Crypto expert asks Ripple CTO how the stablecoin will benefit the XRP Ledger and native token XRP.
After the US close, it’s the Tokyo CPI
After the US close, it’s the Tokyo CPI, a reliable indicator of the national number and then the BoJ policy announcement. Tokyo CPI ex food and energy in Japan was a rise to 2.90% in March from 2.50%.