Nasdaq 100 Slides as Traders Prepare for a Hawkish Turn From the FOMC

Nasdaq 100 falls for the second consecutive day on expectations the Fed may adopt a hawkish stance at the end of its December monetary policy meeting to curb high inflation in the economy.

from DailyFX – Market News https://bit.ly/3saLbPQ
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NZD/USD Outlook: RSI Flirts with Oversold Zone Ahead of Fed, NZ GDP

A move below 30 in the Relative Strength Index (RSI) is likely to be accompanied by a further decline in NZD/USD like the behavior seen earlier this month.

from DailyFX – Market News https://bit.ly/3oU20fV
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US Dollar Price Action Setups Pre-FOMC: EUR/USD, GBP/USD, USD/CAD

Tomorrow brings a massively important FOMC rate decision and the US Dollar is already bristling for another breakout. Will the Fed feed bulls the projections that they need for a fresh high?

from DailyFX – Market News https://bit.ly/3EQDvpv
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US PPI Advances 0.8% to Beat Estimates, Reinforces Widespread Inflationary Pressures

The US Producer Price Index (PPI) increased in November by 0.8% versus an estimated rise of only 0.5% adding to existing inflation concerns

from DailyFX – Market News https://bit.ly/3pYbDJM
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