The U.S. dollar could top soon in response to the Fed’s cautious outlook. This scenario creates an opportunity for EUR/USD and gold prices to trade higher, but this theory hinges on U.S. data weakening going forward.

The Fed held interest rates steady for the second straight meeting, but retained a tightening bias, signaling that future actions will be guided by financial conditions and the trajectory of the economy.

Oil prices attempted a recovery today and was up around 2%. The 100-day MA is proving a stumbling block at present but can it inpsire another bullish run?

Market consensus is heavily skewed towards rates remaining unchanged but the consequences of aggressive rate hikes emerge via spending, housing and economic data

According to a Bloomberg report, Japanese Prime Minister Kishida is readying a 21.8 trillion Yen stimulus package, a move that may see the currency weaken further

Most indices have moved higher over the past two sessions, putting a possible low for now, but uncertainty prevails ahead of the Fed decision tonight.

EUR prices open on the backfoot this morning as attention shifts towards the Fed’s interest rate announcement.