The U.S. dollar slipped from a week-long high against a basket of key industry peers on Tuesday, as financial market moods flared up ahead of key Federal Reserve and Bank of England (BoE) meetings this week. The Fed is widely expected to raise its benchmark rate by 75 basis points (bps) on Wednesday, the fourth such increase in a row. But before the December meeting, futures markets are divided on the probability of a rise of 75 or 50 bps. In Britain, the BoE is also expected to raise rates by an outsized 75 bps on Thursday before slowing down again in December to rise by 50 bps. Because of that, the Dollar was down. At the New York session, the Dollar rose again.
Today's action:
#USDJPY o: yesterday's buy trade shifted to 148,889. A new buy trade deposited at 149,967. That's 85% of the low of Oct. 24 and the Oct. 24 high.
#Gold p: the Dollar let Gold make a small jump today. As they went out of the Dollar, Gold became interesting again. This jump was short-lived. Our two sell trades remain.
#USDCHF : small dip that was restored with the NY session. We show our buy trade
#AUDNZD p: the sell trade is doing well. we let the trades go through without trailing.
Today's action:
#USDJPY o: yesterday's buy trade shifted to 148,889. A new buy trade deposited at 149,967. That's 85% of the low of Oct. 24 and the Oct. 24 high.
#Gold p: the Dollar let Gold make a small jump today. As they went out of the Dollar, Gold became interesting again. This jump was short-lived. Our two sell trades remain.
#USDCHF : small dip that was restored with the NY session. We show our buy trade
#AUDNZD p: the sell trade is doing well. we let the trades go through without trailing.