What Is The Outcome Of The FOMC And The Debate?

Published 05/04/2017, 07:35 AM
Updated 05/14/2017, 06:45 AM
EUR/USD
-
USD/JPY
-
XAU/USD
-
XAG/USD
-
GC
-
SI
-
USDIDX
-


FOMC yesterday was perceived hawkish. USD is much stronger across the globe and the chances for a rate hike in June are above 90%.


EUR/USD felt that yesterday but the downswing was stopped because of the debate between Macron and Le Pen. It is said that Macron won the debate and that is why EUR became stronger. I do not know if you remember but after Trump – Clinton we had the same and we all know what was the final outcome.


USD/JPY broke the upper line of the flag, which is bullish. Not much to add here, technical analysis says it all.


Silver is about to test the long-term up trendline (weekly chart). That is a last chance for the buyers to keep the rest of the positive sentiment alive. Situation is very bad and all that they can pray for is a take profit action in the sellers camp.


Gold is also getting hammered. We broke an up trendline on a daily chart and denied the bullish flag. All that is negative and denies the positive sentiment (if there was any left).

Latest comments

Loading next article…
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2025 - Fusion Media Limited. All Rights Reserved.