Analytics

News, Trends, & Analytics 22.09.2021

The Moment of Truth from the US Fed

Today the focus is on the US Fed’s and the Bank of Japan’s Interest Rate Press Conferences.

 

Calendar

02:00 UTC

The Bank of Japan’s Monetary Policy Statement and Press Conference. Hawkish moves may solidify JPY.

Assets to trade: USD/JPY, EUR/JPY, GBP/JPY


18:00 UTC

The US Fed Interest Rate Decision and Press Conference. Wrapping up the support measures may make the USD firm.

Assets to trade: EUR/USD, USD/JPY, GBP/USD

 

News

UK manufacturing orders are reported to have grown impressively in September. Affects GBP


Swiss exports of gold to India hit five-month highs in August. Affects Gold


Russian oil output is reported to be as high as any point since the end of the Soviet Union. Affects Brent


International institutions and investors are reported to have an increasing interest in European debt and euro-based financial instruments. Affects EUR

 

Technical Analysis

Gold

While investors are waiting for the US Fed’s Interest Rate decision, gold is hesitating to actively move up. However, it still seems to be preparing for an upswing. If that’s the case, $1,800 will likely be reached soon.

Brent

Brent is being deflected by the resistance zone above $75 and will likely move downwards in the coming days.

S&P 500

After a bearish couple of weeks, the S&P 500 seems set to start recovering its losses. In the nearest future, it is likely to move up towards 4,500.

Related posts
Analytics

News, Trends, & Analytics 06.03.2020

OPEC member countries approved an additional reduction in production by 1.5 million barrels, but this decision was not supported by Russia and Kazakhstan.