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Calendar event / Wednesday at 13:15 GMTpreviousforecastactualHigh Industrial Production, M/M%-0.1%0%-0.5%High Capacity Utilization %78.8%78.7%77.9%Med Capacity Utilization, Net Chg (Pts)-0.2-0.6
Squawk / 02 May 2019 at 7:08 GMTUS equity indices question the immediate bull trend
A rally and then a plunge back lower on Wednesday for the major US equity averages, after the FOMC rate decision, statement and conference.
The tone from Fed Chairman Powell was that a rate cut in the near term is unlikely, which impacted negatively on US stock indices
This has eased very short-term upside risks with markets previously at or near all-time highs, shifting the immediate threat to the downside.
Here we put the spotlight on downside threats for the broad US benchmark average, the S&P 500 future.
See the full article here: https://www.fxexplained.co.uk/forex-articles/current-market-analysis/us-equity-indices-question-the-immediate-bull-trend/
Calendar event / 01 May 2019 at 18:00 GMT
US U.S. interest rate decisionpreviousforecastactualHigh Fed Funds Rate-Range High2.52.5High Fed Funds Rate-Range Low2.252.25High FOMC Vote For Action1010High FOMC Vote Against Action00Med Discount Rate33Med Discount Rate Change (Pts)00
Squawk / 29 April 2019 at 5:37 GMTU.S. Dollar Index Waits For Fed; Should Push Higher
Dollar bulls are in full cry, they like the positive economic tone
The strength of the Dollar will continue, even if the Fed are on hold
There is no economic need for a rate cut; pricing is incorrect
See the full article here: https://www.fxexplained.co.uk/forex-articles/current-market-analysis/u-s-dollar-index-waits-for-fed-should-push-higher/
Squawk / 18 April 2019 at 5:56 GMTEURUSD – Euro positive short-term
The Euro has managed a decent rebound effort from early April, having been setting up last week to try to make a more bearish signal into the European Central Bank (ECB) and Federal Reserve Meeting last week (see our report here).
The EUR USD currency pair recovery through resistance levels has partly reflected a renewal of risk appetite, with European equity averages responding particularly well to some improvement in European data through the first part of April (after economic data weakness seen in March).
Although the EURUSD Forex rate remains caught within a broader range environment, in the short-term the risks are to the upside.
See the full article here: https://www.fxexplained.co.uk/forex-articles/current-market-analysis/eurusd-euro-positive-short-term/
Calendar event / 16 April 2019 at 13:15 GMT
US Industrial Production & Capacity UtilizationpreviousforecastactualHigh Industrial Production, M/M%+0.1%+0.2%-0.1%High Capacity Utilization %78.2%79.2%78.8%Med Capacity Utilization, Net Chg (Pts)-0.1-0.2
Calendar event / 10 April 2019 at 18:00 GMT
Squawk / 10 April 2019 at 5:41 GMTEURUSD remains vulnerable into ECB meeting and Fed Minutes
The Euro remains somewhat vulnerable sustaining losses versus many major currencies through March, most notably the US Dollar, but including the Canadian and Australian Dollars and to a lesser extent the Pound.
This has primary reflected a still very dovish ECB and a deterioration in European economic data, mostly in Germany in the past month.
Furthermore, the US$ has displayed a solid tone, strengthening against most major currencies throughout March, with global economic slowdown concerns seeing the US currency bought as a safe haven (despite a more dovish tone from the Federal Reserve).
Today, the Forex market sees both an ECB Meeting and the release of the latest FOMC Minutes, which could combine to see a significant move in EURUSD, with the technical risks skewed towards the downside.
Squawk / 21 March 2019 at 6:52 GMTUS Dollar plunges as the Fed stays dovish
The US Dollar has been weakening across major global currencies over the past 1-2 weeks, mainly driven by two factors.
A shift to a more “risk on” environment with global stocks rallying has seen the US$ decline, as it is not in as great a demand as a safe haven.
Furthermore, and more notable over the past 24 hours has been the anticipation of a more dovish Federal Reserve, ahead of the meeting on Wednesday.
The Fed delivered a far more dovish tone than even the market had expected on Wednesday, projecting no further rate hikes this year and ending the steady decline of its balance sheet in September.
This encouraged a far more aggressive selloff on the US Dollar and here we focus on the USDJPY and EURUSD Forex rates.
See the full article here: https://www.fxexplained.co.uk/forex-articles/current-market-analysis/us-dollar-plunges-as-the-fed-stays-dovish/
Calendar event / 20 March 2019 at 18:00 GMT
US Federal Reserve economic projectionspreviousforecastactualMed Median Fed Funds Rate - 20182.4%Med Median Fed Funds Rate - 20192.9%2.4%Med Median Fed Funds Rate - 20203.1%2.6%Med Median Fed Funds Rate - 20213.1%2.6%