Ibrahim FADOUL

USD/TRY grinds higher around all-time peak amid mixed concerns. Turkish inflation problem versus CBRT’s resistance for rate hike propels the prices. Sluggish yields and indecision over Fed’s move from December challenge buyers. Wednesday’s FOMC, Thursday’s Turkish CPI will be crucial for near-term d

Here is what you need to know on Wednesday, November 2: As the US Federal Reserve gets ready to announce its interest rate decision at 1800 GMT, markets stay relatively quiet with investors moving to the sidelines. FOMC Chairman Jerome Powell's press conference will be watched closely by market part

Weekly momentum for EUR/USD is starting to turn higher. Thus, analysts at Credit Suisse expect the pair to test the 1.0198/1.0201 resistance zone, potentially 1.0350/90. Move below 0.9704 needed to reassert the core downtrend “We see scope for a deeper recovery to 1.0198/1.0201, potentially 1.0350/9

Gold price is clinging onto the recent recovery gains near $1,650 on the US Federal Reserve (Fed) day. XAUUSD bulls could target $1,675 on Fed’s dovish signal, FXStreet’s Dhwani Mehta reports. Gold could resume its broader downtrend on a hawkish surprise “XAUUSD price is eyeing a sustained break abo

USD/CAD remains in bullish territory leasing into the Fes this week. Analysts expected a smaller 25bp hike from the BoC in December. The Canadian dollar was little changed following the Bank of Canada (BoC) Governor Tiff Macklem's comments whereby he said he expects the policy rate will need to rise

Markets stay relatively quiet ahead of the Federal Reserve interest rate decision. But the more important question for markets is whether the Fed might signal a downshift in the pace of hikes at subsequent meetings. Smaller rate steps will hurt the US dollar, economists at Commerzbank report. Market

Markets Asia’s equity scorching rally (HK more than +5%) following unconfirmed social media reports that China is preparing its exit from zero-Covid was met by a lukewarm European response. Stocks rose less than 1%. Wall Street traded opening gains for 0.2-0.9% losses. This came on the back of stron

USD/JPY seeks to recover The US dollar consolidates over growing expectations of a slower pace of tightening by the Fed. On the daily chart, the greenback is above the 30-day moving average and may continue to attract trend followers. The latest bounce came under pressure in the supply zone around 1

USD/JPY takes offers to extend the previous day’s pullback from a one-week high. BOJ Minutes defend easy money policy despite raising concerns on weak yen. Yields struggle as firmer US data, hawkish Fed bets jostle with hopes of Fed’s slower rate hikes from December. Second-tier US data can entertai

AUD/USD remains sidelined around short-term key supports amid sluggish markets. Indecision over Fed’s move in December restricts the Aussie pair’s immediate moves. Hopes of easy covid restrictions in China and the already-priced 75 bps rate hike from Fed favor bulls. Australia Building Permits, US A

Today, the Federal Reserve is widely expected to raise its policy rate by 75 basis points (bps). Anything shy of that outcome would be a massive USD negative, economists at Credit Suisse report. The more reasons the Fed states as possible reasons to slow rate hikes, the worse that is for USD “The ma