Forex Market Overview
Wed, Sep 18th, 2024
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Dollar Pressured After FOMC Cuts Interest Rates by 50 bp
Barchart - Wed Sep 18, 2:33PM CDT
The dollar index (DXY00 ) Wednesday tumbled to a 14-month low and finished down by -0.12%. The dollar sank Wednesday after the FOMC cut the fed funds rate by 50 bp and projected another 50 bp of rate...
Dollar in Defensive Mode Ahead of FOMC Decision
Barchart - Wed Sep 18, 9:48AM CDT
The dollar index (DXY00 ) today is down by -0.12%. The dollar is trading defensively ahead of this afternoon’s FOMC decision. Heightened speculation the Fed will opt to cut the fed funds target range...
Dollar’s and Gold’s Outlook Right Before Fed’s Cut
Sunshine Profits - Wed Sep 18, 9:00AM CDT
Market's missed expectations regarding the cut might trigger significant price moves
Dollar Moves Higher and Gold Falls on Signs of US Economic Strength
Barchart - Tue Sep 17, 3:01PM CDT
The dollar index (DXY00 ) today rebounded from a 3-week low and finished up by +0.15% on signs of US economic strength. An unexpected increase in Tuesday’s US Aug retail sales report sparked short covering...
Dollar Rebounds on Strength in US Economic Reports
Barchart - Tue Sep 17, 9:44AM CDT
The dollar index (DXY00 ) today rebounded from a 3-week low and is up by +0.11%. An unexpected increase in today’s US Aug retail sales report sparked short covering in the dollar. Also, today’s stronger-than-expected...
USDCHF Is Still Eyeing December 2023 Lows
Wavetraders - Tue Sep 17, 8:26AM CDT
USDCHF Is Still Eyeing December 2023 Lows, as we see an unfinished 5th wave of a five-wave bearish cycle by Elliott wave theory.
