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US dollar stabilises for now, AUD/JPY finding support from upward trendline
Today’s session will likely see market participants holding their breath ahead of the upcoming Federal Reserve (Fed) interest rate decision, with the paring of earlier gains overnight in Wall Street reflecting some reluctance to commit to any major moves. Ahead of the meeting, markets continue to lean into a 50 basis point (bp) cut (64% probability), with expectations little changed despite a positive surprise in both US retail sales and industrial production data overnight. The significant beat on both data fronts gave more weight to a potential soft landing and support the view that any Fed easing ahead is a ... (full story)
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- Posted: Sep 18, 2024 5:01am
- Submitted by:Category: Technical AnalysisComments: 0 / Views: 4,554
