The July meeting is likely to see continued stable rates. However, a future rate cut depends on inflation and the overall health of the economy. The Fed will be monitoring data closely and adjusting policy as needed. The Federal Reserve’s next policy meeting is coming up on July 30-31, 2024. …

ECB Policy Decision, USD Gains Momentum: The European Central Bank (ECB) adhered to market expectations by leaving its policy rates unchanged. President Christine Lagarde’s remarks also failed to surprise investors. However, the US dollar (USD) regained strength, fueled by rising yields ahead of key Federal Reserve (Fed) speakers scheduled for …

On Thursday, US stocks experienced significant losses after profit-taking triggered by the desire to benefit from the recent gains they had achieved over the past few days. This came in the wake of increasing expectations of an interest rate cut by the Fed in September. The recent surge in stock …

The euro has been on a downward trend since the European Central Bank (ECB) decided to keep interest rates unchanged last Thursday. The euro/dollar pair fell to 1.0900 from its previous close of 1.0935. ECB Policy DecisionThe ECB’s decision to maintain the deposit rate at 3.75% was in line with …

Bitcoin’s price encountered resistance around $65,000 on Thursday, despite positive on-chain data indicating increased holdings among short-term investors and a slight rise in inflows to US spot Bitcoin ETFs. Analysts see the $65,000 level as a crucial hurdle for bulls to overcome.Bitcoin Struggles to Breach $65,000The price of Bitcoin (BTC) …

The GBP/USD pair falls below the 1.3000 barrier and trades with losses of more than 0.20% as the US dollar strengthens and the technical picture indicates that momentum is still bullish and the RSI is still positive despite the recent decline. Watch out for these important support levels: 1.2894, 1.2861, …

In an interview with Yahoo Finance on Thursday, Federal Reserve (Fed) Bank of Chicago President Austan Goolsbee noted that they have had multiple months of better inflation data. Goolsbee noted that he feels a lot better on inflation but added that the fight is not done yet.The US Dollar Index …

The US Dollar declined to new four-month lows due to additional foreign exchange (FX) intervention by the Bank of Japan (BoJ), stronger expectations of rate cuts, and improved sentiment in risk-related assets.On Thursday, the European Central Bank (ECB) is likely to keep its policy rates unchanged, with investors closely monitoring …

A larger-than-expected weekly decline in US crude stockpiles and a weaker US currency overcame hints of slower Chinese economic growth as oil prices rose by almost 2% on Wednesday. By 1:33 p.m. EDT (1733 GMT), Brent futures had increased by $1.35, or 1.6%, to $85.08 per barrel, while US West …

A return to 203.00 was seen in the GBP/JPY as markets began to expect further market intervention. On Wednesday, the Yen surged against the Pound Sterling by a whole percentage. This comes after a sharp 2% decrease and spike in BoJ spending last week. The GBP/JPY pair resumed its recent …