Tag Archives: FOMC decision

The Pound Sterling has dropped below 1.2500 against the US dollar, trading at 1.2480, down 0.09% at the time of writing, and pressured by the strength of the US dollar ahead of the announcement of the latest Fed policy decision. The Pound Sterling’s valuation is largely influenced by the Bank …

Gold prices steadied on Wednesday, hovering near a four-week low as investors awaited a decision from the US Federal Reserve that could offer insights into the timing of interest rate cuts. Spot gold settled at $2,285.69 per ounce by 0829 GMT, after hitting its lowest level since April 5 earlier …

Gold prices dipped on Wednesday to their lowest level in nearly four weeks as investors awaited the Federal Reserve’s decision, which could shed light on the timeline for interest rate cuts. In spot transactions, gold edged down 0.1 percent to $2,284.44 per ounce by 0436 GMT, marking its lowest level …

XAU/USD trades at $2,292, down by over 1.50% on Tuesday. The US Bureau of Labour Statistics reported a jump in the Employment Cost Index (ECI) for April, and American consumer sentiment deteriorated further. Gold prices dropped below the $2,300 threshold on Tuesday due to rising employment costs in the US, …

The US Dollar Index is currently trading higher at 105.95, with markets expecting a hawkish hold by the Federal Reserve (Fed) on Tuesday. The US economy is experiencing resilience and persistent inflation, making a case for a hawkish hold by the FOMC. Mid-tier data supports the dollar, with the Conference …

The Federal Reserve’s decision to hold rates unchanged and to adhere to the US monetary policy projection from the previous year, which suggests 75 basis points (bps) of rate cuts in 2024, caused the Australian dollar to leap 0.83% against the US dollar on Wednesday. The pair trades at 0.6595, …

The Federal Reserve maintained its monetary policy unchanged at the recently concluded Federal Open Market Committee (FOMC) monetary policy meeting, as anticipated. At 5.25% to 5.50%, the main Fed Funds interest rate range remained unchanged. It seems that the FOMC statement took a moderate stance on policy, neither being very …

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 …