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Breaking news

FOMC leaves rates unchanged as expected; SEPs show Fed to keep rates on hold through 2020

Real Time News
  • Fed Chair Powell: - Inflation and slack in economy has weak correlation, but is still there #FOMC $DXY
  • RT @zerohedge: Powell: "we believe policy is somewhat accomodative"
  • Fed Chair Powell: - Pressures in money markets have been reduced in recent weeks #FOMC $DXY
  • -Views current monetary policy as appropriate -No dissenters on vote to keep rates on hold -NY Fed desk to continue purchasing Treasuries at least into 2Q2020, conducting term & overnight repo operations through Jan 2020 https://t.co/uV6HgoD7p8 $USD $DXY $TNX $XAU $SPX $ES_F
  • Fed Press Statement Highlights: -Labor market remains strong with solid job gains -Economic activity rising at a moderate rate -Business investment, exports remain weak -Household spending rising at a strong pace -Removes reference to outlook uncertainty -Inflation still low
  • Fed Chair Powell: - We adjusted stance of monetary policy through year to combat risks - This shift has kept the economy on track #FOMC $DXY
  • What kind of follow through do you expect from $AUDUSD breaking an 18-month descending trendline after the Fed fell directly inline with expectations and forecasts and a key trade war event is still ahead (Dec 15)? https://t.co/rWggHQWETj
  • Commodities Update: As of 19:00, these are your best and worst performers based on the London trading schedule: Silver: 1.03% Gold: 0.57% Oil - US Crude: 0.13% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/GXwJfoCdQ5
  • Fed Chair Powell: - We are strongly committed to reaching our 2% inflation goal #FOMC $DXY
Strategy Webinar: Rate-Hike Drop Exposes U.S. Dollar Vulnerability

Strategy Webinar: Rate-Hike Drop Exposes U.S. Dollar Vulnerability

2017-03-20 15:30:00
Michael Boutros, Technical Strategist

Talking Points

  • Review of current / active setups in focus into the start of the week
  • Updated targets & invalidation levels
  • Looking for more trade ideas? Review DailyFX’s 2017Trading Guides. Join Michael for Live Weekly Trading Webinars on Mondays at 13:30GMT (8:30ET)

For the past few months, intraday positioning has been difficult early in the week – a good time to map out a game plan. Last week’s sell-off in the greenback remains central focus and heading into the start of the week the USD crosses continue to highlight the risk for a near-term rebound. The broader outlook does remain tilted to the downside however with our bearish invalidation marked at 101 for the DXY. It’s a light week for data with the UK Consumer Price Index (CPI) tomorrow and the RBNZ interest rate decision on Wednesday highlighting the economic docket.

In this webinar we examine the majors on the heels of last week’s dollar breakdown as well as a broader look at select commodity & equity markets. Updated technical setups and key levels discussed on DXY, EURUSD, NZDUSD, USDCAD, EURCAD, Crude Oil, Gold, Nikkei, GBPUSD, AUDUSD, EURAUD and DAX.


Key Data Releases

Strategy Webinar: Rate-Hike Drop Exposes U.S. Dollar Vulnerability

Other Setups in Play:

---Written by Michael Boutros, Currency Strategist with DailyFX

Follow Michaelon Twitter @MBForex contact him at mboutros@dailyfx.com or Click Here to be added to his email distribution list.

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.


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