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Gold bulls hit 100-day SMA wall as US yields bite
Aussie has reversed sharply from the September highs, with weakening momentum raising the stakes at support ahead of tomorrow.
Gold prices moved lower as traders focused on stronger dollar and rising Treasury yields.
Gold set to fall toward $4,000 as Warsh faces a Fed rate-hike dilemma
Silver attempts cautious rebound ahead of closely watched Fed decision
A Fed hike is already heavily priced in, leaving its message on further tightening crucial to ING's near-term Euro forecast. The Euro to US Dollar exchange rate (EUR/USD) slipped to 1.1540 on Tuesday, leaving ING's short-term target of 1.150 around 40 pips away.
The euro has started to face a more challenging period in the short term. The EUR/USD pair has already declined by nearly 0.81% over the last four trading sessions, a move that has begun to reinforce a meaningful bearish bias in favor of the U.S. dollar.
Forex traders bet on hawkish Fed ahead of tomorrow's Fed decision.
British Pound: Further weakness eyed toward 1.3410 against US Dollar – UOB
The USD/JPY managed to extend its recovery to around 155.00 this morning which is a pivotal technical and psychologically-important level. The pair has been recovering from a seven-month low, as US Treasury yields and oil prices have been pushing higher and investors position for a potentially more hawkish Federal Reserve on Wednesday.
The British Pound is holding long-running support with its weekly opening range intact into UK inflation, the Fed and the Bank of England. Michael Boutros, StoneX Media Senior Market Analyst, walks through a multi time frame look at sterling and maps the week's event calendar onto the levels that matter.
USD/CHF Price Forecast: RSI and MACD signal firm upside momentum
Euro: Support holds near 1.15 against US Dollar – Scotiabank
USD/JPY slides more than 700 pips following bearish wave analysis
Gold: CTA selling intensifies ahead of Fed decision - TD Securities
