Forex Market

Bears are busy reading between the lines and digesting Jerome Powell’s speech. They are cautiously concluding that the US disinflationary process has started. The USD/CAD pair is under pressure and recording fresh multi-day lows retreating to 1.3274 before the latest reading at 1.3290 at the time of writing.The Fed’s rhetoric …

The USD/JPY pair was rejected at the 20-day EMA and collapsed as the Fed increased rates by 25 basis points. Fed officials stated that more increases would be appropriate in 25 bps size. Powell’s disinflationary comments dragged US Treasury bond yields lower, plunging more than ten bps toward 3.40% as …

Gold and silver prices are higher closer to daily highs in afternoon US trading session on Wednesday, following a broadly expected small interest rate hike by the US Fed.Gold is trading at 1950.14 at the time of writing. April gold was up $15.30 at $1,960.40 and March silver was up …

FOMC Chairman Jerome Powell comments on the policy outlook after the Federal Reserve’s decision to raise the policy rate by 25 basis points to the range of 4.5-4.75% following the first policy meeting of 2023. Key Quotes “Very difficult to manage the risk of doing too little on rates.” “We …

The Fed has published its policy statement after deciding a fresh 25 basis point rate hike. The statement reads as follows: “Recent indicators point to modest growth in spending and production. Job gains have been robust in recent months, and the unemployment rate has remained low. Inflation remains elevated reflecting …

The US central bank on Wednesday announced that it raised the policy rate, federal funds rate, by 25 basis points to the range of 4.5-4.75% following the first policy meeting of 2023. This Fed’s decision came in line with the market expectation.

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 economic activity in the US manufacturing sector continued to contract at an accelerating pace in January with the ISM Manufacturing PMI dropping to 47.4 from 48.4 in December. This reading came in below the market expectation of 48. Underlying details of the report revealed that the Employment Index edged …

If markets are expecting a 25 basis point hike and eventually a 50 basis point hike is announced, that would be somewhat of a surprise. So, markets would react … Read: What Do Markets Expect From First FOMC Decision in 2023? The US Federal Reserve will announce its monetary policy …