The Aussie is struggling to stabilize ahead of FOMC. Currently sitting at  0.7304, as it pulls back from its two week high. With no data release in Asia this could be a day of caution for AUD traders. Federal Reserve monetary policy announcement to come out today. The question is how will it impact the dollar? Right now we see Wall St flooded with bulls. We are starting to see a the same in the dollar as traders flock to the dollar and we see all majors start to pullback. The same is not true with the JPY however.  USD/JPY has had its lowest drop since late August on the back of strong Japanese trade numbers. But not much action is expected until the FOMC announcement later today. For the JPY consider resistance at 106.00 followed by 106.35-106.40. Otherwise it finds support at 105.1 and 104.60.104.70. Gold is flirting with the magic $2000 psychological level. But anxious gold traders will be waiting on the results of the FOMC. A more dovish outcome would likely see the yellow metal test these levels. However better than expected announcement could see it fall to $1920.   #FOMC #Gold #JPY #usdjpy #USD #AUD #audusd

Our Liquidity Providers

Funding Methods

We offer a wide range of funding methods giving you the flexibility of depositing funds to your account at any time.

Copyright © ACMarkets

-

Experience by Xelure Technologies

Risk Statement

LICENSE:

ACM is a registered business name of Asia Capital Markets LLC (316 LLC 2020). Asia Capital Markets LLC is licensed in Saint Vincents and the Grenadines by Saint Vincents and the Grenadines Financial Services Authority (FSA). ACM is licensed to provide brokerage, training and managed account services in foreign exchange/currencies, commodities, indexes, CFD’s and leverage financial instruments.

DISCLAIMER, RISK WARNING AND PRODUCT SUITABILITY :

Any advice included in this website or correspondence is general advice only and is based solely on consideration of the investment or trading merits of the financial products alone, without taking into account the investment objectives, financial situation and particular needs (i.e. financial circumstances) of any particular person. Before making an investment or trading decision based on the advice, the recipient should carefully consider the appropriateness of advice in light of his or her financial circumstances and should carefully review the Product Disclosure Statement regarding the relevant financial product as provided by your investment broker.

Investing in over-the-counter derivatives carries significant risks and is not suitable for all investors. You could lose substantially more than your initial investment. When acquiring derivative products, you have no entitlement, right or obligation to the underlying financial asset.

Asia Capital Markets does not accept applications from the residents of China, UK, Europe, USA, Japan or Australia. The information on ACM’s website does not intend to be used by or distribution to any individuals where such distribution or use would be contrary to local law or regulation.