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US Dollar Falls after Hawkish Fed AnnouncemeToday's forex news: US Dollar Falls after Hawkish Fed Announcement EUR/USD ⬆️ GBP/USD ⬆️ AUD/USD ⬆️ USD/CAD ⬇️ USD/JPY ⬆️ XAU ⬆️ WTI ⬇️ On Wednesday, the U.S. Federal Reserve raised interest rates to 2.5%, also preparing further measures to contain inflation. However, the hawkish attitude was not thorough enough to strengthen the dollar against most major currencies, with EUR/USD closing at 1.1032 and GBP/USD at 1.3145. Meanwhile, investors await the Bank of England’s Interest Rate Decision – which will be announced later today (17 March). The AUD/USD pair saw a rise with the closing price at 0.7289, thanks to a positive job report indicating lower-than-expected unemployment rate at 4%, and an increase in gold prices at a closing price of 1,909.2, which is another response to the restrictive US monetary policy. US dollar struck a six-year high at 119.12 against Japanese Yen, as the east Asian country experienced a 7.3 magnitude earthquake yesterday (16 March), investors look to a safe haven currency until the earthquake’s aftermath is settled. Crude Oil, on the other hand, has settled lower at $95.04 per barrel. Since the US has increased its oil inventory, combined with optimism for other oil-producing OPEC members to increase supply, and China’s COVID outbreak slowing global consumption. Major U.S. stock indexes have surprisingly rallied despite the Federal Reserve’s decision to increase borrowing costs. United States 10-Year Bond Yield stabilized its rise, closing at 2.187%. 📱 Get instant market news delivered to you in real time on Mitrade
NASDAQ:XAU
by Mitrade_official
EUR/USD!Euro is weakening! What's NEXT?EUR/USD. The Euro began to fall against the Dollar due to Russia's attack on Ukraine. Conflict in Europe is a high risk and unpredictability of investment in the European economy leads to capital outflow to safer markets. The outflow of capital from the EU goes to the U.S. market, which causes Euro to fall against the Dollar. The price is now at 1.10 level and it is very close to the lows of 2016 when the price fell to a record low of 1.03. If the key level of 1.06 will be broken, a false breakout of this level is very possible, as it shown on the chart. Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU. P.S. I personally will open entry if the price will show it according to my strategy. Always make your analysis before a trade.
by Yuriy_Bishko
5
EUR/USD - false breakout of key levels!In the face of sanctions the supply chain in Europe suffers, which leads to a decrease in the economy of the whole EU. EUR starts to fall against USD, as the EU economy takes a bigger hit than the U.S. economy. The price is now testing the global trend line and big trading range. If this trend line cannot resist the sellers' pressure, it will test the key level at $1.06. If there will no strong support, the next key level is $1.03. False breakout is possible in both cases, so watch for updates on the channel, where we will give all the relevant update. Friends, press the "like" button, write comments and share with your friends - it will be the best THANK YOU! P.S. Personally, I open an entry if the price shows it according to my strategy. Always do your analysis before making a trade.
by Alex_Dehtiarov
A Little RantWhere to begin? In my history of learning, reading, trading, analyzing, I have never seen a market more manipulated and completely disconnected not only from the economy, but reality. We have come to a time in our society where economic data no longer has ANY impact on equities. We witness the week of Feb 7th till today, Feb 16th a release of horrible economic news. Let's go through it shall we? Worse Than Expected CPI Far Worse Than Expected Consumer Sentiment. Worse Than Expected PPI Q1 GDP Estimates Now 0.1% or Contraction 7 in 10 Americans Live Paycheck to Paycheck Home Builder Confidence Falls Personal Credit/Debt New Records What we are witnessing is the QE going to corporations through corporate bond buying, in turn we saw the greatest massing of corporate buy backs thus pushing stocks higher and higher. Most companies are trading well over 20x earnings. It's a bubble of idiocy and greed. The issue is simple, scary, and unavoidable at this point. All of this printing has caused probably the worst inflation in US history. The money printer's solution is raising rates, tapering, and shrinking balance sheet, which will prick this equities bubble. The response to a bear market will be.... guess what? More QE, slashing rates but this time, it'll be game over. The USD will have finally met its end as it's de-pegged as the world reserve currency. It won't matter because as the US is facing its currency crisis, other nations will face their own fiat crisis. Whatever way you cut it, whatever action they take, there will be hurt and at least a recession plus stock market collapse like we've never seen.
TVC:DJIShort
by WorldEconomics
14
BOUGHT DIPS…TIME TO EAT CHIPS - BOTTOM REACHED FOR BTC! Analysts according to the news feed on Bitcoin Fear & Greed index claim we have reached the bottom of the downtrend…as the geopolitical climate is affecting many countries we are seeing liquidity moved to crypto especially BTC. people are choosing not to trust their money with their governments and even centralized exchanges. Canada just saw the largest withdraw of money from their banking system with the threat of cyber-tyranny. This is why we invest in bitcoin. I’m bullish for now….using Pionex Margin grid bot (leveraged 4x) indicated by the most recent blue entry flag. We NEED to hit $39,500 to sustain this movement! #BUYINGDIPSANDEATINGCHIPS
Long
by Fabreezio
The Oldest Safety What does the future bring in terms of Gold? One might say, if the markets and economy collapses, gold will rise as people flood to safety. This is both true and not. Take a look at gold during the biggest economic turmoil events in the passed 20-years. Specifically, 2008 Great Recession and 2020 Pandemic Collapse. Both 2008 and 2020 share the same moves. During times of absolutely fear, everything sold, including Gold. Gold fell 34% from March 2008 to Oct 2008 before investors fled into gold which rallied it 180%. During March 2020 collapse, Gold fell 14% before rallying 43%. The point is, if the markets fall due to numerous events as listed in the chart, we can see gold sell before rallying. Depending on how bad the damage is... gold may recover or may not. I see two possible scenarios: 1) The current Monetary Fiat System faces unrivaled turmoil and the once unthinkable national defaults occur, pushing gold to unimaginable highs where world central banks agree to establish a new world monetary system based on an established rate for gold probably over $10,000 an ounce. 2) Gold declines so low that there is no desire to hold or hedge into it. I still believe a new monetary system would be established. These events seem... beyond reasoning right? We have to face realities that we never faced before. There has been at least 2 new world monetary systems since 1900s. Bretton Woods was one of them. No Fiat currency ever lasted forever. The debt is unsustainable, and will never be paid down. Hyper Inflation and Stagflation are two words becoming used more and more even by mainstream economists. We can't be naive to the fact that even the mightiest world fiat currencies can fail. The problem is when we do not consider this a possibility or brush it off as "not in my lifetime". The Germans said that with their Mark. I'm sure they said this in Zimbabwe with their currency. It comes down to, not if, but how soon and what event will cause it? Be safe. Things can change on a dime these days.
TVC:GOLD
by WorldEconomics