Forex Market

The GBP/USD currency pair experienced a sharp decline, falling over 60 pips, as robust US economic data and a surge in Treasury yields bolstered the US Dollar. The pair flirted with the crucial 1.2500 support level.US Economic Strength Fuels Dollar DemandKey US economic indicators pointed to a strong economy. Initial …

Following the Fed’s less dovish stance, gold records gains of more than $0.20. According to statistical data, the US economy grew 3.1% year over year in Q3. Gold’s attractiveness as a safe-haven asset in times of uncertainty is increased by the possibility of a US government shutdown. The price of …

US Treasury yields saw a significant uptick on Thursday, driven by the Federal Reserve’s interest rate decision released on Wednesday and a speech by Federal Open Market Committee Chairman Jerome Powell during the subsequent press conference.The yield on the 10-year US Treasury note climbed to 4.577%, up from the previous …

The Bank of England (BoE) opted to maintain its Bank Rate at 4.75% on Thursday, reflecting a cautious approach to monetary easing as inflation pressures continue to challenge the central bank’s medium-term objectives. Rate Decision Details Policymakers voted 6 to 3 in favor of leaving rates unchanged, a more decisive …

Oil prices remained relatively flat on Thursday, recovering from earlier losses but still trading below Wednesday’s close. Brent crude futures edged down 3 cents to $73.36 per barrel, while U.S. West Texas Intermediate crude slipped 2 cents to $70.56 per barrel by mid-morning trading in London. Fed Signals Slower Rate …

The Bank of Japan (BOJ) opted to keep interest rates unchanged at 0.25% during its final policy meeting of the year. However, a dissenting vote from board member Naoki Tamura highlighted growing divisions within the central bank regarding the timing of monetary tightening. Tamura, known for his hawkish stance, proposed …

The Bank of England is set to announce its monetary policy decision early on Thursday. Governor Andrew Bailey has signaled that the central bank is likely to keep the main interest rate on hold, emphasizing a gradual approach to monetary easing. Despite this cautious stance, Bailey recently indicated that up …

The Federal Reserve’s decision to cut its benchmark interest rate by 25 basis points to a target range of 4.25% – 4.50% sent shockwaves through the financial markets. While the rate cut was widely anticipated, the Fed’s surprisingly hawkish outlook for the future path of interest rates fueled a rally …

There have been some notable differences between the interest rate statement released by the Federal Open Market Committee on Wednesday, following the 25 basis point rate cut, and the previous statement. The first key difference is that the latest statement alluded to the timing and scale of future policy moves, …

The Federal Reserve’s decision to implement a 25-basis-point interest rate cut, while anticipated by market participants, has failed to sustain a significant rally in U.S. equity markets. The central bank’s economic projections, which signaled a more gradual pace of future rate reductions, tempered initial optimism and highlighted underlying concerns about …