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Forex Signals Brief for Sep 14: Central Banks in Focus

US Market Wrap

Markets closed out the week relatively mixed with stocks up and down.

It was a funny five days, with some big falls and recoveries which for the most part was led by tech stocks. This impacted the likes of the USD which then, in turn, pushed the majors around as well.

It seems like Friday was about waiting to see what the FOMC will have in store for us this week and that could likely be a theme early in the new week.

The Data Agenda

Along with the FOMC, we are expecting a host of central banks to update their monetary policy outlooks this week, with the BOE and BOJ also of interest.

There shouldn’t be any changes to official rates across the board, and most of the attention will be on the FOMC on the back of the recent change to the inflation target.

There could be more bond-buying ahead in the UK so the GBP/USD does have the potential to move on that news.

The RBA will also release the minutes from the last meeting however, I suspect that won’t be a market mover for the AUD/USD.

For the time being, we could see markets moving sideways until the FOMC on Wednesday, which is the last ahead of the US Presidential Election. However, volatility seems to be increasing at the moment, so that will keep traders on their toes.

Forex Signal Update

The FX Leaders Team hit 10 winners from 21 trades last week, with some big streaks in both directions as volatility increased.

Make sure you follow our live signals as post-FOMC could be a busy few days.


EUR/USD – Active Signal 

The EUR/USD keeps getting sucked towards the 1.1900 level, but can’t breakthrough. We are long looking for a test.

EUR/USD – 240min.


USD/JPY – Pending Signal 

The USD/JPY is in a tight triangle formation and we stand ready to act when this break finally comes.

USD/JPY – 240min.


Cryptocurrency Update

BTC tried to push higher through the $10,400 level, but price got smacked back down.

All the major names look exactly the same on the charts, so I think everyone is waiting on sentiment at the moment.

Bitcoin – 240min.
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Rowan Crosby
Asia-Pacific Analyst
Rowan Crosby is a professional futures trader from Sydney, Australia. Rowan has extensive experience trading commodities, bonds and equity futures in the Asian, European and US markets. Rowan holds a Bachelor of Finance and Economics degree and is focused heavily on Investment Finance and Quantitative Analysis.
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