Gold is rising ahead of the Fed’s decision: the base case is favourable, but a hawkish outlook could trigger a sell-off and open up buying opportunities.

NZDCAD: ⬆️ Buy – NZDCAD reversed from powerful support level 0.7990 – Likely to rise to resistance level 1400.00 NZDCAD currency pair recently reversed from the support zone between the powerful support level 0.7990 (which has been reversing the price.

Palladium: ⬆️ Buy – Palladium reversed from support level 1270.00 – Likely to rise to resistance level 1400.00 Palladium recently reversed from the support zone between the support level 1270.00 (which stopped wave A in August), lower daily Bollinger Band.

Silver: ⬆️ Buy – Silver reversed from support area – Likely to rise to resistance level 68.45 Silver recently reversed down from the support area between the support level 62.60 (which has been reversing the price from March), lower daily.

Litecoin: ⬇️ Sell – Litecoin reversed from resistance zone – Likely to fall to support level 47.50 Litecoin cryptocurrency recently reversed down from the resistance area between the resistance levels 55.00 and 59.00, upper daily Bollinger Band and the 38.2%.

The Fed may begin a hiking cycle; the dollar will only gain ground if the signals are more hawkish; otherwise, a correction is likely.

The crypto market took a hit after the CLARITY Act was rejected, but managed to avoid a sell-off as it awaited the Fed's decision. ZEC is showing strength.

Algorand: ⬇️ Sell – Algorand reversed from resistance zone – Likely to fall to support level 0.0875 Algorand cryptocurrency recently reversed down from the resistance zone between the pivotal resistance level 0.1000 (which has been reversing the price from April),.

AUDNZD: ⬆️ Buy – AUDNZD broke resistance zone – Likely to rise to resistance level 1.2500 AUDNZD currency pair recently broke the resistance zone between the resistance level 1.2260 (which has been reversing the price from May) and the resistance.

📈 The S&P 500 is swinging wildly as investors shift their focus toward macroeconomic data, geopolitical developments and the Fed’s upcoming monetary tightening cycle. History shows that aggressive Fed hikes have often been linked to major market declines, but the outcome is far from certain.

Today is Tuesday, the 15th of September, and I’d like to talk to you about the Canadian dollar. It’s been a while since we last looked at it. So let’s take a look at the four-hour chart together.

The rise in Brent prices, driven by supply disruption risks from Saudi Arabia, is pushing up Treasury yields and the dollar, thereby fuelling inflationary expectations.