US dollar rebounded Thursday, reclaiming a large portion of Wednesday’s lost ground after the Federal Reserve jolted markets by abandoning all plans to raise interest rates this year.
22
Mar
2019
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21
Mar
2019
Thursday 21st March: Sterling continues to be whipped around on Brexit headlines ahead of today’s BoE rate decision
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The US Federal Reserve, as expected, kept interest rates unchanged at 2.25-2.50% Wednesday. The trajectory of rate hikes was also narrowed, with the central bank stating it will not hike interest rates this year amid a slowing economy.
20
Mar
2019
Wednesday 20th March: FOMC takes centre stage; the central bank widely expected to keep policy unchanged.
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Underpinned by a softer greenback, the EUR/USD extended gains for a third consecutive day Tuesday, up 0.13%. The buck is seemingly weaker on fears of a dovish Fed, with the central bank widely expected to keep policy unchanged today.
19
Mar
2019
Tuesday 19th March: Sterling consolidates ahead of UK job’s data.
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EUR/USD bulls went on the offensive Monday, extending Friday’s rally. Up 0.10%, the pair is closing in on a daily channel resistance etched from the high 1.1569.
17
Mar
2019
Monday 18th March: Weekly technical outlook and review.
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Following three stormy days, Thursday and Friday were somewhat calmer in comparison. Leaving 1.32 unchallenged Friday, the day concluded testing the underside of 1.33 after conquering March’s opening level at 1.3264.