FXPrimus has summarized today’s market indicators to focus on.

Today’s Important Indicators

A busy week with the FOMC being in the spotlight as investors have waited long for the announcement on the Fed’s projections yesterday.

Today BoJ is also expected to announce its Interest Rate, however the scale of this will be limited compared to FOMC. Australia will provide a view on future prospects with the release of their Policy Meeting Minutes too while Eurozone data as well as Draghi’s speeches could shift Euro sentiment.

Despite New Zealand will hold its 52nd Parliamentary Elections on Friday, the German elections on the 24th, Sunday, are likely to provide more clues for the strong Euro and the future of the European economy.

NZ GDP will be eyed ahead of the elections.

Today’s Forecast for Important Trading Indicators

Market Movers

• EURUSD – Euro slumps on Fed’s announcement to start normalisation next month, rates unchanged. Euro settled below $1.19 as the Fed announced that it will start balance sheet normalisation next month, despite the rates remained at a target rate of <1.25%. In addition, Fed signaled another rate hike by year end, and three for next year, with markets now pricing a December hike with a 60% chance. Euro-Dollar is currently trading above the 200 4MA, a break of which could take the price to the next support at 1.1835. Draghi’s speech in focus.

• USDJPY – Dollar-Yen breaks above $1.12, eyeing the next level at 114.50 for a double top. Dollar gained against Yen amid FOMC and Fed’s announcements as well as due to BoJ leaving rates unchanged earlier during today’s session. On the weekly chart USDJPY is currently moving towards the Upper Bollinger Band after a cross between the 200 and 100 WMA occurred last week. Taken the end of this week finds the weekly candle closing above the 200 WMA, the pair could continue its bullish move upward.

• GBPUSD – Sterling breaks below the $1.35 level during FOCM, struggles to get back above. The British Pound plummeted along with the rest of the currencies against the strong Dollar, however the recent support of 1.3476 proved resilient and it’s likely that the consolidation will continue until a break of the support occurs. Investors eye the Public-Sector Net Borrowing figures at 08:30 GMT today.
• USOIL – Crude falls as EIA kills the bullish momentum by reporting an increase in Crude stocks. Crude Oil fell below near $50 only temporarily during the release of the recent EIA report for the week ending 15 of September. Oil recovers on optimism over strengthening demand, and reached a fresh high. With the Kurdish independence referendum on the 25th coming about, an “Oil war” could be possible.
• XAU/USD – Gold plummets after FOMC Meeting as Dollar upsurges on Fed’s outlook on the US economy. Gold declined to a fresh low of $1295.00 on the back of Fed’s announcement, reaching the Fibonacci Extension of 161.80% and ascending trendline started on the 10th of June. Gold could move lower in October, when balance sheet normalisation is about to begin. Eyes on today’s Jobless Claims.
• In US Indexes, S&P 500 closed marginally higher while DJ appreciated 0.19%.
• In Europe, UK 100 closed marginally lower while DE 30 closed marginally higher.
• In Asia, ASX 200 plummeted 0.82%, Nikkei appreciated 0.18% and Hang Seng fell 0.10%.
• In stocks, Apple depreciated 1.68% while Alphabet saw an increase of 1.14%.