The Federal Reserve will have to do more than just hike rates in order to get the US Dollar to rally today - a tall task indeed.
Several FX-pairs are trading at key junctures and should soon provide good directional cues; precious metals look headed for more selling.
Silver remains weak and looks likely to continue to sell-off, but not too far below lies a trend-line over 14 years old along with the July low; could bring a big bounce.
Average weekly earnings in the UK rose to 2.5% from an upwardly revised 2.3% in the latest data, while the unemployment rate was unchanged at 4.3%. The Pound slipped marginally lower.
UK wages rose and unemployment remained at a four-decade low according to the latest ONS data.
Short-term implied volatility is ramping up a bit ahead of today's FOMC rate announcement at 19:00 GMT time; potential ranges outlined.
Crude oil prices are looking to official EIA inventory flow statistics for direction while gold is bracing for the much-anticipated FOMC monetary policy announcement.
Asian stocks had little to do Wednesday but wait for the Federal Reserve’s final monetary policy call for 2017 which will come early Thursday for local stocks
The US Dollar may rise if the Federal Reserve continues to project three interest rate hikes in 2018, topping what is already priced into financial markets.
The Japanese Yen remains pressured against the US Dollar but there are some signs that its momentum may return. The New Zealand Dollar looks more overbought.
The Euro turned higher after testing familiar range support against the British Pound but the near-term trend still appears to favor the downside.
A faintest sense of concern showed up in the markets on the eve of the Federal Reserve's last rate decision for the year.
We are facing arguably the most underwhelming but meaningful fundamental shift of the year in the upcoming session.
The Australian Dollar market took time out from the long wait for the US Federal Reserve to gain a little on news of stronger domestic consumer confidence.
The Australian and New Zealand Dollars traded broadly higher in a move that may reflect pre-positioning ahead of the upcoming Fed policy announcement.
The combination of current sentiment and recent changes gives us a further mixed USDJPY trading bias.
USD/JPY is approaching multi-month range highs ahead of key U.S. event risk tomorrow. Here are the updated targets & invalidation levels that matter from here.
The beginning of Bitcoin trading in the futures market has meant the introduction of even more volatility to already the most volatile asset in markets in 2017 - but perhaps not for long.
NZD/USD stands at risk of staging a more meaningful recovery should the Federal Open Market Committee (FOMC) deliver a dovish rate-hike at its last meeting for 2017.
With the Fed, SNB, BOE, ECB, and Banxico meeting starting tomorrow through the remainder of the week, volatility is sure to pick up.
Tomorrow brings a Federal Reserve rate decision where it's widely expected that we'll see the bank hike rates for the third time this year. More pressing, however, is what the bank is looking at for 2018, and this will be delivered via the dot plot matrix.
The US Dollar has been able to hold onto its gains since Friday's November US NFP report was released, but nothing else has materialized in a meaningful way since then.
The German index continues to trade within a volatile range, a resolution is needed before making a commitment; top-side breakout becoming increasingly probable.
Confidence remains high in the financial markets, with crude oil and, inevitably, bitcoin attracting attention.
Today, we looked at the technical picture for precious metals, copper, US & UK oil, and global equity indices.