Forex Market

Fed Chair Jerome Powell has explained the decision to leave the policy rate, federal funds rate, unchanged at the range of 5.25-5.5% and responds to questions in the post-meeting press conference.Key Statements:“We want to see more data that gives us higher confidence on inflation moving down sustainably.”“We made no decisions …

On Wednesday, the Federal Reserve kept the interest rate in the 5.25%-5.50% area without any change at the end of its meeting that began one day ago, which was in line with market expectations.The central bank has been holding the interest rate at these levels since July 2023, when the …

Following its meeting in March, the Federal Reserve has just announced its monetary policy decision to hold the US central bank’s policy rate at 5.25%–5.5%. All eyes focus now on the policy statement as well as the press conference starring Fed Chair Jerome Powell.

On Wednesday, the US dollar’s gains continued. The revised Dot Plot and Chair Powell’s tone are the centre of attention. Any surprise from the Fed, whether hawkish or dovish, could cause volatility in the USD. At present, the US Dollar Index (DXY) is trading close to 104, indicating a gain …

The Canadian dollar (CAD) shows little movement as markets await the Federal Reserve’s (Fed) interest rate decision and economic outlook, expected at 18:00 GMT today. The Bank of Canada’s (BoC) upcoming statement is likely to have minimal impact, with investor focus on the Fed’s potential rate cut signal.Earlier expectations of …

In a week marked by pivotal decisions from five of the world’s largest central banks, including the US Federal Reserve and the Bank of Japan, all eyes are now turning to the Bank of England’s upcoming announcement scheduled for Thursday. Speculation abounds regarding the likelihood of a maintained interest rate …

Following its meeting in March, the Federal Reserve (Fed) is anticipated to make announcements regarding monetary policy and to release the updated Summary of Economic Projections (SEP), also known as the dot plot, on Wednesday. For the sixth consecutive meeting, market participants predict that the US central bank will maintain …

European stocks commenced trading on a lower note on Wednesday, with a flurry of selling impacting luxury goods companies following a warning from Kering regarding sales. Investor sentiment remained cautious amidst concerns that the Federal Reserve might indicate a slower pace for interest rate cuts this year. As of 0806 …

The yen dipped close to a four-month low against the US dollar and a 16-year low against the euro on Wednesday, driven by expectations of sustained accommodative monetary policy in Japan despite the Bank of Japan’s recent policy shift. On Wednesday, the yen touched its lowest level in four months …

Gold prices remained steady on Wednesday as traders braced themselves for a pivotal monetary policy decision from the Federal Reserve, along with remarks from Chairman Jerome Powell. These events are anticipated to offer crucial insights into the outlook for interest rate adjustments throughout the year. At the close of spot …