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EUR/USD struggles around 1.19 amid Fed-fueled dollar strength
EUR/USD is under pressure around 1.19, as the dollar remains on the offensive following the Federal Reserve's hawkish decision on Wednesday. The bank is set to debate cutting down its bond buys and signaled raising rates sooner than anticipated.
XAU/USD needs to hold onto $1,766 to recover
The precious metal has an inverse correlation with America's currency and it is sliding despite a retreat in bond yields. How is XAU/USD positioned on the technical charts?
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Editors’ Picks
GBP/USD tumbles below 1.39 on weak UK data, dollar strength
GBP/USD has been extending its decline, sliding under 1.39. UK retail sales disappointed with -1.4% in May and the rapid spread of the Delta variant in the UK is also weighing on sterling. The US dollar remain robust after the Fed's hawkish decision.
Ripple fears of a major decline are unwarranted
XRP price remains locked in a range between the psychologically important $1.00 and the neckline of a multi-year inverse head-and-shoulders pattern at $0.76. However, a lack of technical clues leaves frothy forecasts on the sideline until directional confirmation can be gleaned from the charts.
Where next for markets after the Fed shocker
The Fed surprised markets with an abrupt hawkish shift that has triggered substantial volatility in currency markets. Valeria Bednarik and Yohay Elam explain the surprise, discuss technical level, the next moves in FX and beyond.