This site uses cookies to provide you with a great user experience. By visiting monetamarkets.com, you accept our cookie policy.
Allow all
This site uses cookies to provide you with a great user experience. By visiting monetamarkets.com, you accept our cookie policy.
Allow all
This website is operated by Moneta Markets Ltd, which is not authorised or regulated by the UK Financial Conduct Authority (FCA) and does not offer or promote services to UK residents. Access to this website is restricted in the UK and the content is not intended for distribution to, or use by, any person located in the UK. If you believe you have reached this website in error, please exit the page now
Please note that Moneta Markets operates this website and its services are not directed at residents of your jurisdiction.
The information on this site is not intended for distribution to, or use by, any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.
If you have arrived here in error, we kindly advise you to exit the site.
Continue to Site
Global markets opened the week with a cautious tone as the US Dollar softened broadly ahead of the Federal Reserve’s policy announcement. Heightened uncertainty around the Fed’s guidance weighed on the Greenback, supporting major currencies and lifting Gold to fresh record highs, while traders repositioned portfolios in anticipation of key central bank signals.
The US Dollar Index has slipped toward the 97.00 level as traders turn cautious ahead of the Federal Reserve’s policy announcement. Broad USD selling reflects positioning adjustments as markets brace for potential guidance shifts from the Fed.
• Geopolitical Risks: Elevated geopolitical tensions are encouraging defensive positioning, weighing on the US Dollar.
• US Economic Data: Recent mixed US data has failed to provide fresh support for the Greenback.
• FOMC Outcome: Uncertainty surrounding the Fed’s tone is the primary driver behind current Dollar weakness.
• Trade Policy: Renewed tariff rhetoric continues to cloud the broader macro outlook.
• Monetary Policy: Expectations that the Fed may maintain a cautious stance are pressuring USD demand.
• Trend: The near-term trend has turned bearish below recent support levels.
• Resistance: Initial resistance is seen near 97.80.
• Support: Key support is located around the 96.50 region.
• Forecast: The index may remain under pressure until clearer signals emerge from the Fed.
• Market Sentiment: Sentiment remains cautious and defensive ahead of the Fed meeting.
• Catalysts: FOMC statement, Powell’s press conference, and US macro data.
AUD/USD trades lower as the Australian Dollar weakens amid a steady US Dollar rebound and cautious risk sentiment. Despite solid domestic fundamentals, external headwinds are limiting upside momentum for the Aussie.
• Geopolitical Risks: Global uncertainty is dampening demand for risk-sensitive currencies like the AUD.
• US Economic Data: Stabilizing US data has helped the Dollar recover some recent losses.
• FOMC Outcome: Fed uncertainty continues to cap aggressive AUD buying.
• Trade Policy: Trade-related concerns remain a lingering risk for Australia’s export-driven economy.
• Monetary Policy: The RBA’s cautious outlook is keeping rate expectations in check.
• Trend: The short-term trend is neutral to mildly bearish.
• Resistance: Resistance is located near 0.6650.
• Support: Initial support is seen around 0.6550.
• Forecast: The pair may consolidate with downside risks if risk sentiment deteriorates further.
• Market Sentiment: Sentiment remains fragile amid global uncertainty.
• Catalysts: Fed decision, global risk trends, and upcoming Australian data.
NZD/USD has jumped toward the 0.5970 area as broad US Dollar weakness dominates early Fed-week trading. The Kiwi is benefiting from improved risk appetite and repositioning away from the Greenback.
• Geopolitical Risks: While tensions persist, markets are currently favoring higher-yielding currencies.
• US Economic Data: Softer US data has weighed on the Dollar, supporting NZD/USD upside.
• FOMC Outcome: Anticipation of a cautious Fed stance is boosting the Kiwi.
• Trade Policy: Trade uncertainty remains a background risk but has not derailed NZD gains.
• Monetary Policy: Stable RBNZ policy expectations are allowing external factors to dominate.
• Trend: The short-term trend has turned bullish.
• Resistance: Resistance is seen near 0.6000.
• Support: Support is located around 0.5900.
• Forecast: The pair may extend gains if USD weakness persists ahead of the Fed.
• Market Sentiment: Sentiment has improved modestly in favor of risk assets.
• Catalysts: Fed policy outcome and shifts in global risk appetite.
USD/CAD has declined below the 1.3700 level as stronger-than-expected Canadian retail sales bolster the Canadian Dollar. Despite lingering tariff threats, domestic data strength is weighing on the pair.
• Geopolitical Risks: Tariff threats add uncertainty but have not offset CAD support from data.
• US Economic Data: Mixed US data is limiting Dollar upside.
• FOMC Outcome: Cautious Fed expectations are pressuring USD/CAD lower.
• Trade Policy: Renewed trade tensions remain a risk factor for both currencies.
• Monetary Policy: Solid Canadian data reduces pressure on the BoC to ease aggressively.
• Trend: The near-term trend is bearish below 1.3700.
• Resistance: Resistance stands near 1.3780.
• Support: Support is seen around 1.3600.
• Forecast: The pair may remain under pressure if CAD-supportive data continues.
• Market Sentiment: Sentiment favors the Canadian Dollar on data optimism.
• Catalysts: Fed decision, trade headlines, and Canadian economic releases.
Gold has surged to record highs near the $5,050 level as geopolitical tensions and a softer US Dollar drive strong safe-haven demand. The metal continues to attract inflows ahead of the Fed’s policy announcement.
• Geopolitical Risks: Rising global tensions are significantly boosting demand for safe-haven assets.
• US Economic Data: Softer data has reinforced expectations of a cautious Fed stance.
• FOMC Outcome: Anticipation of dovish guidance is underpinning Gold prices.
• Trade Policy: Trade uncertainty adds to defensive positioning in precious metals.
• Monetary Policy: Lower real yield expectations are supportive for Gold.
• Trend: The trend remains firmly bullish.
• Resistance: Psychological resistance is near 5,100.
• Support: Support is seen around 4,950.
• Forecast: Gold may remain elevated, with upside risks ahead of the Fed decision.
• Market Sentiment: Strongly risk-averse, favoring safe havens.
• Catalysts: Fed policy decision, geopolitical developments, and US yield movements.
Looking ahead, market focus remains firmly on the Federal Reserve, with near-term FX and commodity moves likely to stay driven by policy expectations and risk sentiment. As traders await clarity from the Fed, volatility may remain elevated, keeping the US Dollar, Gold, and risk-sensitive currencies reactive to incoming headlines and data releases.
Ready to trade global markets with confidence? Join Moneta Markets today and unlock 1000+ instruments, ultra-fast execution, ECN spreads from 0.0 pips, and more! Start now with Moneta Markets!
