After the US Fed cut interest rates by 25 basis points as expected, the US Dollar increased against major currencies. This move was caused as Fed Chief Powell stated this was not the start of an interest rate cut cycle. Yesterday’s Chicago PMI slumped deep into contractionary territory, but forex traders ignored the negative economic news as well as the interest rate cut. How long can this disconnect last and is now the time to short the USDJPY? Which impact will today’s ISM Manufacturing Index have on the US Dollar? Follow the PaxForex Daily...
On Wednesday, the US dollar is stable, as a waiting mood prevails among traders. Markets are waiting for the results of the Fed meeting scheduled for today, which is expected to lower interest rates by the regulator for the first time since 2008. The Fed is expected to cut its key rate by 25 basis points. Also, increased attention will be paid to whether the Fed will leave the door open to further soften its policies in order to protect the world's largest economy from the effects of slowing global growth and trade conflicts. The Fed is...
After the ECB decided to hold interest rates, forex traders will get a healthy dose of inflation as well as GDP data out of the Eurozone and individual member countries. Germany reported a surprise drop in annualized retail sales, but the Euro remained in a holding pattern near key levels. Most forex traders are likely to await the announcement of the US Fed interest rate decision. Can the EURUSD finish today’s trading session on a high note? Follow the PaxForex Daily Fundamental Analysis and earn more pips per trade! Here are the key factors...
Inflation picked up in Australian in the second-quarter of 2019, but is still well bellow the RBA’s 2.0% target. As the Australian central banks is turning more dovish in order to support the economy, private sector credit slowed down to a near halt in June. The Australian Dollar drifted higher during the Asian trading session as the Chinese Composite PMI rose slightly in July, the Manufacturing PMI improved but remained in contractionary territory and the Services PMI slide further. Can the Australian Dollar recover further to the upside?...
The Australian Dollar stabilized after consumer confidence rebounded, but bullish momentum remained muted after building approvals slumped steeper than anticipated. Forex traders are also in a holding pattern amid the next round of trade talks between the US and China. With an interest rate cut by the US Fed looming, the AUDUSD is hovering at strong support levels. Can bulls ignite a short-covering rally or will bears push price action further to the downside? Subscribe to the PaxForex Daily Fundamental Analysis where you will grow you balance...
