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Dollar Surges as Fed Hints at Further Rate Hikes Until 2024

Dollar Surges as Fed Hints at Further Rate Hikes Until 2024

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This afternoon's FOMC rate statement and economic projection presser resulted in a bullish response for the Dollar as further rate hikes are likely until 2024. The Federal Reserve discussed the possibility of 6 to 7 interest rate hikes until…
Majors Await FOMC Presser + NZDUSD Shorts Commence

Majors Await FOMC Presser + NZDUSD Shorts Commence

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The Forex majors have spent much of the day awaiting the FOMC meeting minutes for more insight on the Dollar's trajectory. Meanwhile, shorts for NZDUSD are starting to play out as price revisits support at 0.69200. Today's FOMC conference…
Live Forex Trading Room DXY Bulls Back At The Table Plus BTC Longs

DXY Bulls Back on Table + BTC Longs!

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After a bearish week last week and starting this week on the same note, US Dollar bulls are showing some fight. Bitcoin is also set to push higher after creating the latest higher low. Despite Powell's harsh comments about the US economy,…
GBPUSD and NZDJPY Long Before FOMC

GBPUSD and NZDJPY Long Before FOMC

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The trend is usually your friend, especially on the higher timeframes. Despite the recent rallies, the US Dollar Index is conforming to the long-term downtrend and is headed lower. With the Dollar down -0.26% for the day, many majors are…

FOMC Meeting Minutes, The Fate of The US Dollar

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In today's live trading session, we discussed the +300 pips made from yesterday's trades and then discussed the possibilities for the FOMC meeting minutes. The rest of the session we discussed possible trade setups. A setup of particular interest…