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Silver price prediction hinges on Warsh's Fed tone, with a hawkish message threatening a break toward lower support.
Forex
The American currency managed to gain some ground ahead of the key event of the week.
EUR/USD enters the final days of the month with both sides of its monthly range now tested, leaving the pair at a pivotal technical crossroads ahead of today's FOMC rate decision. The broader downtrend remains intact, but the weekly and monthly opening ranges continue to hold just above critical support as traders await a decisive catalyst.
Silver slips below $57 as Fed meeting keeps markets on edge
The Mexican peso is once again showing signs of short-term weakness. During today's session, USD/MXN is up more than 0.5%, once again reflecting strength in the U.S. dollar.
British Pound: Policy risk with range-bound trade against US Dollar – Scotiabank
Euro: Options signal downside risk against US Dollar – Scotiabank
Gold remains under pressure near $4,000 as Fed decision looms
Gold slumps below $4000 and Oil rallies
XAU/USD outlook: Gold remains at the back foot ahead of Fed, inflation data
Economists say the Dollar-Yen could extend higher unless the BoJ signals faster rate hikes, with its three-month forecast at 159 now requiring several factors to align. The US Dollar traded close to 163.84 against the Japanese Yen on Wednesday, holding near its highest level of 2026 as markets awaited policy decisions from both the Federal.
Gold price eases for the third straight day and retests very important $4000 support on Wednesday, as initial enthusiasm about diplomatic action replacing hostilities in the Middle East, faded after fresh attacks of US / Saudi armies on Iraq.
Scotiabank analysts warn that options markets are pricing greater protection against Euro exchange rate weakness, while ING sees scope for EUR/USD to revisit 1.15 after the Fed. The Euro to Dollar (EUR/USD) exchange rate traded around 1.1390 on Wednesday, holding within an unusually narrow range as markets waited for the Federal.
The Swiss Franc remains under pressure due to low interest rates, with the latest rumors that the SNB may hold zero rates until end of 2027, adding to negative outlook for the currency.
Euro holds below 1.1400 against US Dollar as Fed interest rate decision looms
Gold: Fed risk caps CTA upside – TD Securities
USD/CAD threatened a breakout after the last Fed meeting but ultimately failed to leave the 1.4200 level behind. Since then,.
EUR/CHF outlook: Continues to trend higher as Swiss Franc remains pressured by low interest rates
Michael Boutros, FOREX.com Senior Market Analyst, examines the USD/JPY outlook ahead of the Federal Reserve and Bank of Japan rate decisions, highlighting the key technical levels, Treasury yield correlation and why a break above 164 could open the path toward 165. He also explains how market positioning, Fed expectations and BOJ policy could shape the next major move for the Japanese yen.
The gold market continues to sit just above a major round figure, as we are heading into the Wednesday session, which will feature the Federal Reserve interest rate decision.
