Trading signals

XAUUSD

Gold weakened as the dollar rallied after Fed cut rates. Traders expected this move, however, no one was ready to Powell’s dovish comments. 

GBPUSD

The pound remained strong, despite renewed dollar’s demand. Today the BOE meeting would be in focus. The BOE is likely to leave interest rates and its guidance unchanged.

EURUSD

The Fed cut rates as expected, but signaled no cuts in the coming months.

XAUUSD

The geopolitical tensions in the Middle East eased; as a result gold stopped its strengthening. Traders are waiting for the Fed's monetary policy announcement now.

GBPUSD

The pound surged to fresh multi-week highs amid a weaker dollar and hopes that a Brexit deal can be reached. All eyes are on UK inflation data, however, traders do not expect any surprise here.    

EURUSD

The US currency weakened as the Fed started its meeting. Traders will pay close attention to the FOMC’s decision and the subsequent Powell's press-conference.

XAUUSD

Reviving safe-haven demand helped gold to reverse some ground on Monday. The focus remains glued to the Middle East crisis and the Fed meeting.

GBPUSD

The pound may remain under pressure amid a stronger dollar and a lack of progress in UK-EU negotiations.

EURUSD

The EUR/USD currency lost ground amid risk aversion on Monday. Economic Sentiment Germany is on the radar today.

XAUUSD

Risk-on sentiments continued to weigh on the gold. All eyes are on the Fed's meeting on Wednesday now. Gold buyers hope that the regulator will cut rates again.