Will the rally continue?

 

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EUR/USD grinds higher, holding close to 1.1200

As the Fed's decision approaches, the greenback comes under pressure, although the EUR is among the weakest, unable to lift its head after Draghi's dovish words on Tuesday. The Fed's dot-plot and the wording of the statement will seal the dollar's destiny.

EUR/USD News

GBP/USD extends gains above 1.2600, dollar weaker as Fed looms

The American currency eases ahead of the US Federal Reserve announcement, and despite UK inflation failed to impress. Boris Johnson won the third ballot with 143 votes

GBP/USD News

USD/JPY extends consolidation below 108.50 as markets pause ahead of Fed announcements

For the third straight day this week, the USD/JPY pair is fluctuating in a tight range as investors are eagerly waiting for the FOMC to announce its policy decision and release its updated economic projections.

USD/JPY News

FOMC Preview: to be or not to be 'patient'

That concerns about a global economic slowdown had made policymakers worldwide take a dovish shift is no news. Neither is that the financial market has already priced in at least one rate cut in the US for this year.

FED news

Gold struggles to build on Tuesday's gains, sits above $1340

The troy ounce of the precious metal gained $15 on Tuesday as investors saw gold as a better investment alternative to major currencies amid the dovish shifts seen in central banks' tone.

Gold News

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