This article focuses on the technical outlook for EUR/USD and USD/JPY, examining critical price levels that can act as support or resistance following the recent increase in volatility.

AUD prices have remained buoyant as markets extend the FOMC hangover effect with Australian jobs data supplementing upside support.

The ECB kept rates steady today while dipping their toes in the dovish pond. The initial statement providing tentative hints but largely sticking to the ongoing rhetoric.

The Bank of England (BoE) left interest rates unchanged today as Governor Bailey reiterated the central bank’s view that inflation remains too high.

The dovish tone of last night’s Fed meeting has lit a fire under indices, driving the Dow above 37,000 to a new record high and pushing the Nasdaq 100 and CAC40 higher too.

The Fed has acknowledged recent inflation progress, opening the door for markets to price in even more aggressive rate cuts for 2024. How are major markets evolving?

Rand prices have stalled post-FOMC as it awaits additional economic data later today. USD/ZAR bears now look to take out the 200-day MA and head towards R18.50/$.

This article focuses on the technical outlook for major U.S. dollar pairs such as EUR/USD, USD/JPY and GBP/USD, examining key price levels after the Fed’s dovish pivot.