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Editors’ Picks
AUD/USD struggles to regain 0.7700 from weekly low as market braces for FOMC
AUD/USD wobbles around 0.7680-90, off a weekly low, as it begins the key Wednesday comprising the US Federal Open Market Committee (FOMC) meeting. Other than the pre-Fed caution, mixed data from the US and a light news feed also contribute to the pair’s latest sluggish performance.
Gold: Bulls looking for a upside correction ahead of Fed
The precious metals sector struggled overnight as investors position for a possible shift in monetary policy from the Fed. Gold prices were down some 0.4% in the final part of the North American day as the US dollar firmed ahead of the outcome of the Fed’s two-day meeting on Wednesday.
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Editors’ Picks
EUR/USD: Corrective pullback fades below previous support, 200-SMA
EUR/USD remains on the back foot, receding taking rounds to 1.2120-25, amid a sluggish Asian session trading on Wednesday. Sellers to keep reins as unless prices cross three-week-old resistance line. Easing bullish bias of MACD adds to the downside signals.
Cardano may drop 30% as hard-core believers vanish
Cardano price resolved a symmetrical triangle to the downside on June 11 and has wedged calmly higher, discovering resistance at the declining 50 twelve-hour SMA. 2018 high is critical support on weakness and is the only significant obstacle between ADA and a test of the May 19 low.
Stocks ease ahead of Fed, pricing pressures grow, retail sales drop, mixed dollar
US stocks are slightly softer heading into the FOMC as the stimulus boost wanes, inflation fears grow, and the economic recovery shows signs of softening. A wrath of US economic data delivered a somewhat mixed picture for Fed policy.