Market News & Blog
CHART: The pound rallied above 1.2350 after the Bank of England signaled a rate rise isn't such a stretch
1.2440 is the big overhead resistance.
Forex the main games again.
US Dollar under pressure; Aussie $ stable despite weaker than expected jobs data
A measured Fed delivered a perfectly pitched rate rise.
Traders read the Fed as more dovish than they expected which hammered the US dollar and drove the Euro, Yen, and Aussie - among others - higher.
CHART: US dollar weakness across #forex markets has left the SIngapore dollar at the edge of a break higher
Sitting on a significant support zone.
0.7740/45 the next big hurdle for the Australian dollar.
Breaking the 200 day moving average and trendline support in USDMXN.
Traders are waiting for the Fed; meanwhile elections weigh on Euro
Oil went wild, stocks are down, the US dollar stronger but bonds rallied as the Fed meeting begins: Markets Wrap
A wild night for oil traders while stocks were lower, and the US dollar stronger as traders await the Fed rate hike - or in particular - the statement and dot plot.