Tag Archives: FED

The GBP/USD pair is currently focused on support levels due to its recent inability to break above the 200-day moving average at 1.2557, which emphasises its negative bias. If the ‘black cloud cover’ candlestick pattern materializes, there could be potential for more losses, with 1.2400 being the objective and perhaps …

The anticipation of interest rate cut or cuts by the Federal Reserve and data releases dominated the conversation for another week, during which the US dollar fluctuated. In light of this, the USD Index (DXY) appears to have started a slow downturn after reaching fresh annual highs earlier in the …

Yesterday, Microsoft Corporation unveiled its third-quarter financial results, surpassing analysts’ forecasts fueled by robust corporate demand for its cloud and artificial intelligence services. The tech giant reported earnings per share of approximately $2.94, exceeding the anticipated $2.82 per share. Similarly, Microsoft’s revenue climbed to $61.86 billion, surpassing expectations of around …

The yen plummeted to its lowest level against the dollar in three decades on Friday following the Bank of Japan’s decision to maintain interest rates, heightening expectations among traders for potential intervention by Tokyo authorities to stabilize the currency. After the Bank of Japan announced its decision to keep short-term …

March is likely to see the Fed’s Personal Consumption Expenditures (PCE) index stay stubbornly high, since inflation has exceeded forecasts in every month this year but one. This further complicates forecasting. Fed officials have stated that before the central bank lowers interest rates, they need further assurance that inflation is …

Gold price has maintained intraday gains above $2,300 amid higher US Q1 GDP inflation. Gold is trading at $2330.36 per ounce at the time of writing, with gains surpassing +0.65%.The Fed will maintain the “higher for longer” interest rates argument, and the easing of tensions in the Middle East has …

EUR/USD posts modest gains near 1.0700, benefiting from early Thursday’s weaker US dollar. Orders for US durable goods grew 2.6% MoM in March compared to a previous gain of 0.7%; Core goods rose by 0.2% MoM, which was less than anticipated. The ECB’s dovish posture, which maintains its intention to …

The dollar showed signs of recovery on Wednesday after facing significant losses against the euro and pound the day before, while the yen remained near its lowest level in 34 years, despite intensified warnings from Japanese officials about potential intervention to support the currency. The dollar index, which gauges the …

Improved risk appetite on Tuesday impacted the US dollar, which is -0.44% down, at the 105.68 mark, while the weaker than expected US PMIs kept the American currency under pressure.The ECB is expected to cut rates in June, while the Fed is still seen reducing its rates in September, with …

Tuesday sees a tug in both directions for crude oil. Recent rate cut hopes are sparked by the US PMIs. Equities that are associated with risk are boosted as markets welcome the slowing US economy that could mean looming interest rate cuts. Tuesday’s start for West Texas Intermediate crude oil …