Monday saw a decline in the value of the US dollar as Ipsos surveys predicted that Vice President Kamala Harris will win the US presidential election. With the FOMC meeting taking place amid uncertainties surrounding the US presidential election, traders are in for a highly tumultuous week. The US dollar …
Read More »USD/JPY retreats after Fed delivers 50 bps rate cut
The US dollar fell to a low of 140.80 on Wednesday when the Fed announced a 50 basis point cut in interest rates, just as the markets were getting ready for Fed Chair Powell’s press conference. In an effort to meet market expectations, US central bank policymakers have lowered interest …
Read More »FOMC cuts interest rate by 50 bps to 4.75%-5%
Following its meeting in September, the FOMC decided to 50 bps to 4.75%-5% as widely anticipated. Key hints on the outlook for interest rates are expected from the updated Summary of Economic Projections and comments made by Fed Chairman Powell. Depending on the magnitude of the interest rate cut, the …
Read More »FOMC poised to start easing cycle amid uncertainty about rate cut size
The Federal Reserve is widely expected to lower the policy rate after the September meeting. The revised Summary of Economic Projections and Fed Chairman Powell’s remarks could provide important clues about the rate outlook. The US Dollar faces a two-way risk depending on the size of the interest rate cut. …
Read More »Market Drivers; US Session, September 12
FOMC Meeting: A Dovish Pivot or Hawkish Hold? The Federal Open Market Committee (FOMC) meeting next week looms large for investors and markets worldwide. Recent economic data has sparked a debate: will the Fed take a dovish turn and cut rates, or will it maintain its hawkish stance on inflation?Softening …
Read More »US Treasury Yields Soar on Robust Retail Sales Data
US Treasury yields surged on Thursday, buoyed by a surge in market optimism following the release of data highlighting the resilience of the American economy. These positive economic indicators have effectively quelled recent concerns about an impending US recession.Retail sales in the United States experienced a significant uptick in July, …
Read More »Dollar Maintains Gains Following FOMC Meeting
The US Dollar rebounded after the Federal Reserve’s (Fed) decision, with market participants focusing on Friday’s Nonfarm Payrolls data. Despite signs of disinflation, the strong US economic landscape led Fed Chair Jerome Powell to maintain a data-dependent stance. While chances of a rate cut in September increased, Powell’s demand for …
Read More »Jerome Powell Takes Center Stage After Fed’s Interest Rate Decision
The Federal Reserve, under the leadership of Chairman Jerome Powell, has demonstrated unwavering commitment to aligning and determination to adjust its actions with market expectations. Their recent decision to maintain interest rates without deviation from prevailing trends reflects this resolve. By doing so, Powell aims to instill confidence in investors …
Read More »Explainer: Key Contour Lines Around FOMC’s Looming Decision
The US Federal Reserve is poised to conclude its policy meeting on July Thirty First, with Chair Jerome Powell expected to discuss the central bank’s rate latest decision. This meeting is seen by most analysts as a warm-up act for September, as many Wall Street analysts are hoping for insights …
Read More »GBP/USD Stays stable at 1.2840 ahead of the FOMC decision
The GBP/USD pair consolidates between 1.2800 and 1.2890 amid uncertain Fed and BoE decisions. RSI remains flat, indicating a balanced market with no clear trend. Key support levels are at 1.2778 and 1.2750, with resistance at 1.2888 and 1.2900.The Pound Sterling registers minuscule gains during the North American session as …
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