News and analysis

A decent bullish reversal candle has formed on the ASX 200 on Tuesday, which begs the question as to whether Santa’s rally is about to kick into gear. Although it is the FOMC meeting within the next 24 hours which could decide when or even if it starts at all.

AUD/USD approaches the November 2023 low (0.6318) as it gives back the advance from the start of the week.

British Pound is trading into resistance with the December opening-range intact ahead of the Fed / BoE. Battle lines drawn on the GBP/USD weekly technical chart.

EUR/USD has carved out a narrow range between 1.0470 and 1.0600 and unless the Fed delivers a meaningful surprise of some sort, that range may carry over.

The metal’s struggles highlight growing expectations that the US Federal Reserve will maintain a more hawkish tone in its upcoming decision. The near-term gold forecast is starting to tilt to the downside ever so slightly.

The USD has remained supported on expectations of a considerably-less dovish Fed. But with 'Fed day' generally being bearish for the dollar alongside its tendency to selloff into the year end, I have an inkling we're heading towards a "buy the rumour, sell the fact" for the USD.

NZD/USD has been as flightless as its namesake in 2024, but with a hawkish Fed rate cut expected and signs of life at home, could the Kiwi finally be ready to spread its wings?

Wall Street indices are just not on the same page at the moment, with the Nasdaq hitting a record high, while the S&P 500 trading sideways and the Dow chalks up its worst daily bearish streak in 12 years. And that's not good for the ASX.

USD/CAD pulls back from a fresh yearly high (1.4271) to keep the Relative Strength Index (RSI) below overbought territory