The selling sentiment that was undermining the dollar on Monday persisted, as traders continued to assign more weight to the possibility that the Fed might shock the markets by lowering interest rates by a half percentage point on Wednesday. For the third straight day, the US Dollar Index (DXY) fell, …

Amid increasing speculations that the Fed would cut interest rates by a larger margin later this week, gold prices hit a record high in Asian trade, earlier on Monday. Though Trump seemed uninjured, reports of a second attempt on the Republican presidential nominee’s life reportedly increased demand for safe haven …

As CAD traders braced themselves for a new batch of Canadian Consumer Price Index (CPI) inflation numbers due during the mid-week phase, the Canadian dollar lost ground at the beginning of the trading week, plunging into the low end on Monday across the major currency board. On Tuesday, the Bank …

As the Federal Reserve prepares to announce its interest rate decision, financial markets worldwide are on tenterhooks. The Dow Jones Industrial Average, tantalizingly close to record highs, reflects the widespread anticipation for a significant rate cut. Investors hope this move will provide a much-needed boost to the faltering economy.Fed’s Looming …

As the Federal Reserve prepares to cut interest rates, investors are eagerly anticipating a broader market recovery. While the Fed’s actions will undoubtedly provide a supportive environment, it’s crucial to recognize that earnings growth is the true catalyst for the S&P 500’s rebound.Beyond Big Tech: A Broad-Based RallyWhile Big Tech …

The EUR/GBP pair has been under sustained selling pressure, with recent price action reinforcing the bearish outlook. The pair’s failure to breach the 20-day Simple Moving Average (SMA) has served as a catalyst for further declines, indicating that sellers have maintained control of the market.The EUR/GBP pair is facing a …

The Pound Sterling’s Resurgence The Pound Sterling (GBP) has staged a remarkable comeback against the US Dollar (USD), surging to a five-day peak of 1.3214. This rally is primarily driven by the growing expectation that the Federal Reserve (Fed) will implement a substantial interest rate cut at its upcoming monetary …

US dollar has ceased its upward trajectory since the release of US economic data indicating a slowdown in consumer prices. This data has reinforced expectations that the Federal Reserve is likely begin cutting interest rates at its September meeting. This data has fuelled speculation that the Federal Reserve is likely …

The market is currently focused on the potential policy decisions of the Fed, with strategists believing that the risk of EUR/USD dropping back to 1.10 is high. Market expectations regarding a possible September rate cut from the Fed began to firm up in July, leading to the USD underperforming all …

The US Dollar continued its downward trend as investors digested recent economic data and increased their bets on a more aggressive rate cut by the Federal Reserve. The US Dollar Index (DXY) fell, reflecting a weaker greenback against a basket of major currencies.Fed Rate Cut Expectations AccelerateFollowing dovish comments from …