Strong January as well as latest gains in the stocks market are driven by hope that the US interest rate hiking cycle is close to its end and that a pause is on the cards. If investors’ expectations are eventually found mistaken about this hope, a drop could be very …

The dollar has continued to weaken since the onset of the new year. Economists do anticipate a policy change from the FOMC in the first quarter of 2023, which would set the scene for a more prolonged decline.Given that Inflation easing more than expected, markets forecast that the Fed will …

As the US Fed makes its decision later on Wednesday, the GBP/USD pair remains firm. A busy US economic calendar was not enough to lend support to the US dollar, which is under pressure amid the current risk-off situation.According to the ADP National Employment Change report, private hiring increased by …

The US dollar surged throughout the first half of the day helped by risk-off. Asian stocks spent the day with negative performance. European stocks trimmed their losses ahead of the close, but gains  were recorded to strong January on Wall Street. Economic Data The market’s sentiment improved following the release …

After seven consecutive increases in 2022, traders and investors expect the Fed to raise rates by 25 basis points on Wednesday, with increases of 50 basis points by the European Central Bank and the Bank of England on Thursday.If markets are expecting a 25 basis point hike and eventually a …

Oil prices closed steadily on Tuesday after recovering from a near three-week low, attracting support from the intraday weaker US dollar and on data showing that US demand for crude and petroleum products rose in November.The more active second-month Brent contract settled at $85.51 per barrel, up $1.09 or 1.29%, …

The EUR/USD pair is getting prepared for reaction to the key economic events this week, including rate decision by the Fed and ECB as well as Friday’s NFP data.EUR/USD is, therefore, seen at a crossroads trading at 1.0873 at the time of writing slightly up on the day by .015% …

The Employment Cost Index report released on Tuesday had an unusual impact across almost all financial markets, particularly the US dollar that weakened following the index reading.Analysts pointed out that the reading is one more inflation-linked indicator that is seen as easing. While the report supports inflation moving back toward …

US Stocks are edging higher on Tuesday ahead of what many investors hope will be one of the Fed’s last rate hikes to interest rates as well as anticipated pause of quantitative tightening.The Standard & Poor’s 500 was 0.3% higher as of 9:36 a.m. Eastern and on pace to close …

The Sterling continued to weaken versus the US dollar ahead of the Fed’s interest rate decision. US inflation continues to impact the pair as the Employment Cost Index drops. The International Monetary Fund expects the UK economy to hit a recession in 2023. The Sterling has extended its losses for …