The upcoming European Central Bank monetary policy announcement and guidance will play a crucial role in shaping the near-term directional bias of EUR/USD.

The Federal Reserve resumed its tightening campaign at its July meeting after a brief pause last month, lifting interest rates by 25 basis points to 5.25%-5.50%, the highest in 22 years.

EUR/USD appears to have stabilized ahead of the FOMC statement while EUR/JPY hints at a potential breakdown and the Japanese yen gains in popularity ahead of BoJ meeting

Oil prices appear to have run out of steam as the recent rally hovered in overbought territory yesterday before a pullback this morning. Will the Fed deliver fireworks later this evening?

US equity futures point to a softer start at the open ahead of the FOMC rate announcement. Solid Q2 results from Microsoft and Alphabet unable to lift the index

The British Pound is turning higher against the US dollar ahead of the FOMC meeting later today, while the recent EUR/GBP sell off as stalled.

Given the major events happening in global markets this week it is perhaps not surprising to see indices relatively muted in early trading, though the FTSE 100 continues to hold on to its gains.

The Yen enjoyed a slight uptick to start the week. Will the Fed and ECB rate decisions increase the likelihood of FX intervention by the BoJ?

This week’s drop makes Bitcoin and Ethereum vulnerable to any hawkish tone from the FOMC meeting later Wednesday. What are the key levels to watch in BTC/USD and ETH/USD?

Gold prices took a shot towards the upside heading into the Federal Reserve interest rate decision. While optimistic, Chair Jerome Powell and company may continue making life difficult for XAU/USD.