US Dollar Technical Forecast: USD Poised for Breakout Ahead of High-Stakes Fed Decision.The US Dollar is coiling just above confluent support, with the monthly opening-range taking shape as traders brace for Wednesday's highly anticipated Federal Reserve rate decision. The broader structure remains constructive while above this threshold, but momentum has compressed into a narrowing formation that now threatens a larger breakout.
Will Trump's Fed pick slash rates? The market doesn't think so.Financial pundits seem convinced that the new Federal Reserve chair will be an uber-dovish Donald Trump loyalist intent on slashing interest rates regardless of the economic fundamentals. Markets aren't buying it.
Trump Remarks, Ueda Interview Add Color as Traders Await Fed.Currency market dynamics have not shifted meaningfully as the session progresses, with the day's relative performance table largely intact. Aussie remains firmly at the top, supported by the RBA's hawkish hold earlier today.
Sterling steadies, with focus on Fed and UK retail sales.Sterling was steady against the dollar on Tuesday as traders readied for an interest rate cut from the U.S. Federal Reserve and October GDP data for a steer on the UK economy.