The surprisingly strong Nationwide house price survey for June helped drive cable above the 2.000 figure once again, as it suggested that the BoE will have no choice but to raise rates to 5.75% in July.

Professional system trader Art Collins shares his daily biases in the index, bonds and currency futures markets for June 28.

Federal Reserve interest rate announcements have traditionally been big market movers for the US dollar. However in recent months, the market moving-ness of this event risk has been downgraded significantly since the Federal Reserve’s monetary policy has become as predictable as the passage of time.

The US dollar has strengthened ahead of the FOMC meeting despite the larger than expected drop in durable goods orders in the month of May. The US economy is clearly facing problems as the weakness in durable goods follow disappointments in both existing and new home sales.

Terri Belkas previews the upcoming Fed rate decision and the GDP economic annoucement.

The USD/CAD is Antonio Sousa's primary target for hedging in the week ahead, with clear range-bound trade and concrete support and resistance levels.

The fundamental light was burning bright for the dollar Wednesday morning, though the currency itself has yet to make a break against its major pairings.

Currency technical analyst Jamie Saettele analyzes the Australian dollar against the Canadian dollar, Japanese yen, and New Zealand dollar.

The longer-term bull trend is bullish above 120.76 for the Japanese yen.

Yen strengthened for the second night in a row as mild carry trade liquidation continued and Japanese Retail trade data printed better than expected.