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AUD/USD: Rebound remains capped below 0.7700 ahead of FOMC
AUD/USD is wobbling around 0.7680-90, bouncing off a weekly low ahead of the key FOMC policy decision. Pre-Fed caution trading, mixed US data and a scarce news flow contribute to the aussie's sluggish performance.
Gold: Turns south, 200-DMA back in sight ahead of Jerome Powell
Gold price is heading back towards the 200-Daily Moving Average (DMA) at $1840, as sellers returned following a rejection once again near $1860. The US dollar continues to hold the higher ground ahead of the all-important FOMC decision due later this Wednesday.
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Editors’ Picks
EUR/USD: Bulls coming up for air into the Fed
EUR/USD is riding the trendline support towards the 61.8% Fibonacci retracement level of the prior bearish impulse. The crosses are also poised for upside continuations in EUR/JPY for instance were bulls need a clean break of 133.50.
Shiba Inu ready to reverse to $0.0000050
SHIB price faces stiff resistance ahead. Shiba Inu has had a difficult time recovering, suggesting that it may soon face rejection. In the following video, FXStreet's analysts evaluate where SHIB price could be heading next as Shiba Inu gets weaker.
FOMC Preview: Taper talk and impact on dollar
The outcome of Wednesday’s Federal Reserve monetary policy announcement could set the stage for how the U.S. dollar and currencies trade over the next month. With that in mind, the greenback maintained its bid ahead of rate decision.