text: FOMC to stay the course – Danske Bank - NewsBreak
  #Danske Bank#Fomc#Investment Decisions#Stay The Course#Fed Chair Powell
  Growth is robust but still needs support as the outlook is clouded by bottlenecks, virus variants. Rate hike not yet in sight but will one day happen, governments should prepare. Rehn's dovish sounding remarks aggravated the intraday bearish pressure around the shared currency and dragged the EUR/USD pair to fresh...
  With mining dividend conversion behind us and the US dollar likely to remain resilient through the FOMC meeting, risks remain for a test of AUD/USD 0.7200/50. Nonetheless, that's a buying opportunity on a multi-month view, according to economists at Westpac. Larger-than-expected drop in employment. "The RBA was in no mood...
  USD/JPY to drop substantially towards the 107.28 mark – Commerzbank
  "USD/JPY has finally failed resistance at 110.59/85. We look for a retest of 109.07 and 108.73 recent lows.". "A drop through 108.56 (end of May low) would engage the 108.08 200-day ma and the 107.48 April low.". "The 55-week ma lies at 107.28 and we would allow for some consolidation...
  EUR/USD drops back towards 1.1800, ECB's Lagarde, US Retail Sales eyed
  EUR/USD takes offers to refresh intraday low, reverses Wednesday's rebound. Sour sentiment backs USD rebound despite pre-Fed dilemma, mixed comments from ECB policymakers. Stock futures, Treasury yields remain sluggish, DXY pares weekly loss. Bulls need Lagarde to join ECB hawks, softer US Retail Sales for August. EUR/USD reverses recent gains,...
  Forex Today: Dollar holds up ahead of retail sales, energy prices soar, cryptos rise
  Here is what you need to know on Thursday, September 16:. The market mood is mixed as hopes of cooling US inflation are offset with soaring energy costs which threaten to undermine growth. Booster COVID-19 vaccine shots are being debated and cryptocurrencies are on the rise. Weaker US inflation figures...
  Here is what you need to know in forex for Thursday 16 Sep:. The US dollar was pressured on Wednesday in what might have been a delayed reaction to the prior day's inflation numbers. The UK's and Canada's inflation data came in hot by comparison on Wednesday, bringing to light the prospects of convergence between the pace of economic recovery across the pond and between other central banks.
  Editor's Note: With so much market volatility, stay on top of daily news! Get caught up in minutes with our speedy summary of today's must-read news and expert opinions. Sign up here!. In an interview with Kitco News, Kristina Hooper, Kristina Hooper, head of investment strategy at Invesco, said that...
  The ECB tapered its asset purchases. Only that it didn't taper at all. Are you confused? Gold isn't – it simply doesn't care. Tapering has begun. For now, in the Eurozone. This is at least what headlines suggest, as last week, the Governing Council of the European Central Bank held its monetary policy meeting. The European central bankers decided to slow down the pace of their asset purchases:
  Here is what you need to know on Tuesday, September 14:. The dollar remains pressures as Investors eagerly await critical US inflation figures. The market mood is mixed with concerns from China and oil supply are offset by hopes about the economic recovery. Cryptocurrencies have stabilized after the Litecoin debacle.
  TOKYO (Reuters) – The dollar was little changed against other major currencies on Tuesday as investors looked to U.S. inflation data later in the session for clues on the timing of policy tightening by the Federal Reserve. The dollar index stood at 92.622, having retreated from a two-week high of...
  As expected, the European Central Bank (ECB) kept its key interest rates unchanged and announced a slow down in the pandemic purchase program from the fourth quarter. According to analysts from Danske Bank, the current rise in inflation is still seen as largely temporary by the ECB. They largely share with the central bank the cautiously optimistic outlook for the economy and transitory inflation narrative underlying price pressures building up only slowly.
  In the absence of US markets, it was a decent start to the week for both Asia and European stocks yesterday, with Friday's weak payrolls report fuelled an expectation that the US Federal Reserve might have to push back the timeline of any tapering program. The prospect of a new...
  USD, as measured by the DXY, is under pressure and could be on the verge of a significant drop. 92.00 could come under pressure if the bulls can't get above 93.00. The US dollar came under pressure on Wall Street with a slightly better risk time as traders look ahead to next week's showdown in the Federal Reserve meeting on 21-22 Sep. At the time of writing, the US dollar is trading at 92.475 and steady in a 3 pip range for the Asian sessions so far.
  "Recovery in the eurozone is faster than anticipated six months ago mostly due to a rapid vaccination campaign." "We're back from the brink but we are not out of the woods yet." These remarks don't seem to be helping the shared currency gather strength against its rivals. As of writing,...
  USD/CHF recovery capped around 0.9200 on sluggish sentiment, US Retail Sales in focus
  USD/CHF seesaws around intraday top after snapping two-day downtrend. Market sentiment dwindles amid mixed catalysts, pre-Fed anxiety. US consumer-centric data and risk catalysts to direct traders ahead of next week's FOMC, tapering is the key. USD/CHF eases from intraday high to 0.9200 but stays positive for the first time in...
  EUR/USD Forecast: Euro looks to break out of wedge, but where? US Retail Sales hold the keys
  EUR/USD has been hovering around 1.18, unable to benefit from downbeat US inflation data. Concerns about an energy crisis and German elections have been weighing on the euro. US Retail Sales stand out on the economic calendar. Thursday's four-hour chart is painting a mixed picture. Inflation is easing, but is...