The United States (US) Federal Reserve (Fed) will announce monetary policy decisions and publish the revised Summary of Economic Projections (SEP), the so-called dot plot, following the March policy meeting on Wednesday.
Gold’s price (XAU/USD) is back to flat around $3,035 at the time of writing on Wednesday after stretching higher and hitting a new all-time high at $3,045 earlier in the day. The positive move came after headlines emerged that authorities detained Istanbul mayor Ekrem Imamoglu, President Tayyip Erdogan's main political rival, on charges including corruption and aiding a terrorist group.
Gold’s price (XAU/USD) corrects slightly lower to near $3,030 at the time of writing on Wednesday after stretching higher and hitting a new all-time high at $3,045 earlier in the day.
Silver price (XAG/USD) retreated after reaching a five-month high of $34.23 on Tuesday, trading around $33.70 per troy ounce during European hours on Wednesday.
EUR/USD consolidated above the 1.09 mark after the German Bundestag approved the large fiscal package with a 2/3 majority, Danske Bank's FX analyst Jens Nærvig Pedersen reports.
The NZD/USD pair meets with some supply on Wednesday and moves away from the year-to-date (YTD) top, around the 0.5830 region touched the previous day.
The NZD/USD pair meets with some supply on Wednesday and moves away from the year-to-date (YTD) top, around the 0.5830 region touched the previous day.
USD/TRY retreats from its record high of 41.70, reached during early European trading hours on Wednesday, hovering around 38.70 at the time of writing.
USD/TRY retreats from its record high of 41.70, reached during early European trading hours on Wednesday, hovering around 38.70 at the time of writing.
The Pound Sterling (GBP) corrects to near 1.2960 after failing to extend the rally above the key level of 1.3000 against the US Dollar (USD) in North American trading hours on Wednesday.
The US Dollar Index (DXY), an index of the value of the US Dollar (USD) measured against a basket of six world currencies, attracts some buyers to around 103.50 during the early European session on Wednesday.
Here is what you need to know on Wednesday, March 19: Investors opt to remain on the sidelines while waiting for the Federal Reserve (Fed) to announce monetary policy decisions following the March meeting.
Bank of Japan (BoJ) Governor Kazuo speaks at the post-policy meeting press conference on Wednesday, explaining the Bank’s decision to keep the interest rate steady at 0.50%.
The USD/CAD pair is seen building on the overnight bounce from the 1.4260 area, or a nearly two-week low, and gaining some follow-through positive traction for the second straight day on Wednesday.
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