Federal Funds Rate Leading Event in Today’s Market

Silver:

Silver prices are once again dropping, and it is currently traded around $16.90 an ounce. And now, the daily chart’s Slow Stochastic is giving bullish signals, indicating that silver prices might go up. This might give forex traders a great opportunity to enter a very popular trend.

Forex News Expected to be Dollar Positive Today

USD/NOK:

The pair may see a downward correction today as the 8 hour and daily RSI are floating in the overbought territory and a fresh bearish cross is evident on the hourly and daily charts’ Slow Stochastic. There is also a breach of the upper Bollinger Band seen on the hourly, 2 hour and 4 hour charts. Forex traders are advised to go short for today.

Interest Rates Announcements from Japan and the U.S. Expected this Week

NZD/USD:

The pair’s 8 hour and daily RSI are floating in the oversold territory with the daily charts Slow stochastic exhibiting a bullish cross. Furthermore, a bullish cross is evident on the 4 hour MACD. Forex traders are advised to go long for the day.

Crude at 1-Month Low on U.S. Demand Concerns

Oil:

Oil prices are once again dropping, and are currently being traded around $76.10 per barrel. However, the daily chart’s RSI is floating in an oversold territory suggesting that a recent downwards trend is loosing steam and a bullish correction is impending. This might be a good opportunity for forex traders to enter the trend at a very early stage.

USD and JPY Continue to Rise as Stocks Decline

GBP/CHF:

GBP/CHF sustained upward movement has finally pushed its price into the over-bought territory on the daily chart’s RSI. Not only that, but there actually appears to be a bearish cross on the Slow Stochastic pointing to an imminent downward correction. Forex traders have the opportunity to wait for the downward breach on the hourlies and go short in order to ride out the impending wave.

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