USD/CAD bears lurking ahead of the Fed – by fx_ross USDCAD Technical Analysis Fed Currencies Oil
prices moved to fresh lows while investors got set for the Federal Open Market Committee's interest rate decision this week.
Analysts at ANZ Ban explained that the uncertainty surrounding European sanctions on Russian oil and the related price also kepthigh. ''Newly implemented European sanctions on Russia oil have had little impact on the oil market so far. The relatively high price cap eased concerns that Russian supply would be curtailed even further.''
Wall Street's main indexes have also fallen ahead of the Federal Reserve this week. Investors are in anticipation of a potential 50-basis point interest rate hike by the Fed when it announces its policy decision on Wednesday. For now, the price remains on the front side of the bullish dynamic support and this leaves prospects of a continuation in the meantime. However, should the price reach into1.3700, bears will be looking for signs of deceleration and distribution. Information on these pages contains forward-looking statements that involve risks and uncertainties.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Weekly Forex Forecast \u2013 Silver, WTI Crude Oil, USD/CADThe difference between success and failure in Forex / CFD trading is highly likely to depend mostly upon which assets you choose.
Read more »
Wall St Week Ahead U.S. stock rally faces gauntlet of CPI data, Fed meetingA double dose of potentially market-moving U.S. events next week could set the tone for asset prices in the rest of 2022 and beyond, as investors brace for a key inflation report followed by the last Federal Reserve meeting of the year.
Read more »
A stock market decline could be good for AmericaA buoyant stock market is constraining the Fed and, ultimately, hurting the country.
Read more »
Economy Week Ahead: U.S. Inflation, Fed Rate in FocusEconomy Week Ahead: The Fed is expected to increase its benchmark rate at a midweek policy meeting
Read more »
U.S. stock rally faces gauntlet of CPI data, Fed meeting By Reuters*U.S. STOCK MARKET BRACES FOR BUSY WEEK AS KEY CPI DATA, FED MEETING IN FOCUS - $DIA $SPY $QQQ $IWM $VIX 🇺🇸🇺🇸
Read more »
Opinion | What Does the Fed's Jerome Powell Have Up His Sleeve?'The Fed is doubling down on what appears to be a failed policy, driving the economy to the brink of recession without bringing prices down appreciably... So why is the Fed forging ahead?'
Read more »