Federal Reserve

USD/JPY consolidates ahead of the Federal Reserve rate decision as the central bank is widely expected to retain the current policy.

USD/CAD reverses ahead of the October low (1.3473) to pull the Relative Strength Index (RSI) above 30.

Tomorrow brings a vitally important Federal Reserve rate decision and the driver will probably be the bank’s dot plot matrix as the Fed updates their projections for the rest of the year.

EUR/USD seems to be consolidating after pushing above the opening range for June.

EUR/USD continues to fall from the monthly high (1.0955) to pull the Relative Strength Index (RSI) back from overbought territory.

USD/JPY gives back the rally from the start of the week as the Federal Reserve still plan to further unwind its restrictive policy in 2025.

AUD/USD may consolidate ahead of the Federal Reserve interest rate decision as it fails to test the February high (0.6409).

USD/CHF falls to channel support as it struggles to retain the advance from the previous week.

USD/JPY rallies to a fresh monthly high (154.64) even as the Federal Reserve implements a 25bp rate-cut at its last meeting for 2024.

USD/CAD still holds below the monthly high (1.3959) as the Federal Reserve delivers a dovish rate-cut.

The Federal Reserve is expected to deliver a 25bp rate cut in November.