Hawkish as hawkish be

Monica Kingsley Monicakingsley

S&P 500 lured bulls in as called, and then prices started to drift lower – not before clients‘ long gains were secured. Also that BTC spike gave way, which is so similar to the risk-off sentiment coming back before the closing bell. Where else have we seen that picture of caution, and did those moves breach important ES or NQ levels?

Be ready for extensive FOMC coverage, starting with clients – game plans shared already…

Author

Monica Kingsley

Monicakingsley

Monica Kingsley is a trader and financial analyst serving countless investors and traders since Feb 2020.

Markets move fast. We move first.

Orange Juice Newsletter brings you expert driven insights - not headlines. Every day on your inbox.

Editor's Picks

EUR/USD flirts with daily tops near 1.1650 ahead of Fed

EUR/USD manages to regain the smile on Wednesday, trading with decent gains around 1.1650, or daily peaks. The pair's daily advance comes in response to further losses in the US Dollar as market participants get ready for the upcoming FOMC gathering, where the Fed is widely expected to lower its interest rates by a quarter point.

GBP/USD advances to 1.3350 amid USD selling

GBP/USD sets aside two daily declines in a row and manages to regain some balance beyond the 1.3300 hurdle on Wednesday. The better tone around Cable follows the renewed downside bias in the Greenback ahead of the much awaited interest rate decision by the Federal Reserve.

Gold aims north ahead of Fed’s announcement

Gold is a touch softer on Wednesday, even with the US Dollar easing and US Treasury yields reversing part of their recent robust multi-day recovery. The yellow metal remains cautious ahead of the widely expected 25 bps rate cut from the Fed and the release of an updated "dots plot".