TAG: FOMC

U.S. Dollar Post-CPI: EUR/USD, GBP/USD, USD/JPY, XAU/USD (Gold)

US Dollar talking points The U.S. Dollar is trading at a fresh 2024 high after this morning’s CPI re...

7 months ago

USD/CAD – A quiet start to the week but plenty to come

Canadia inflation expected to have fallen again in January Will the FOMC minutes shed any light on rate cuts? USDCAD higher but momentum remains weak It’s no surprise that it’s been a quiet start to the week, with both countries observing a bank holiday...

7 months ago

Gold Prices Soar to an All-Time High

Stronger-than-expected manufacturing data from the United States published yesterday (Monday, April 1st, 2024), pushed the price of Gold (XAU) to new record highs slightly above $2,265 an ounce, as it reinforced many market participants’ belief that the F...

6 months ago

What to Watch in Today's FOMC Minutes?

What Are the FOMC Minutes?The latest set of FOMC minutes are due later today and as always, traders are bracing for potential market moving details. The minutes essentially lay out the finer details of the discussions which took place at the last FOMC mee...

6 months ago

USDJPY Falls After FOMC

USDJPY Drops AgainThe US Dollar dropped more than 3% against the Japanese Yen yesterday as the Fed struck a less hawkish tone than many were expecting at the May FOMC. The Fed warned that it was still set on easing rates but had not yet gained enough conf...

5 months ago

FOMC Meeting: What You Need to Know

The Federal Open Market Committee, also known as the FOMC, is the twelve-member committee within the United States Federal Reserve responsible for determining monetary policy. Accordingly, their decision-making process is highly anticipated by market part...

5 months ago

May 6, 2024 Week Ahead: Earnings, BoE Decision & US Data

A plethora of financial releases and economic events is set to take place on the week of May 6, 2024, possibly shedding light on the state of the financial markets and the global economy.Following a volatile year marked by geopolitical tensions, wars, and...

5 months ago

FOMC Rate Decision – Potential Impact on EUR/USD, GBP/USD and the Dollar Index

The market anticipates a shift in the Fed’s stance, with three rate cuts now expected in 2024 due to softening economic data. A soft landing remains possible as the labor market cools and inflation shows signs of easing. Technical analysis suggests GBP/U...

2 months ago

USD/CAD Price Forecast: USD Bulls Eye Breakout as DXY Shakes Off Post FOMC Haze

The Federal Reserve left interest rates unchanged, but the statement acknowledges a moderating job market and slightly elevated inflation, opening the door for a potential September rate cut. The US Dollar initially weakened after the FOMC meeting but ha...

2 months ago

XAUUSD: Holds near record high…what next?

Gold ↑ 21% year-to-date FOMC minutes & Jackson Hole in focus Bullish but RSI overbought on multiple timeframes Bloomberg FX model: 73% XAUUSD – (2440.49 – 2567.13) Key technical level - $2500 In case you missed it, gold surged over 2% last Friday to...

1 month ago

XAUUSD: Holds near record high…what next?

1 month ago

USDJPY Plunge Deepens Ahead of FOMC

Yen Strength ContinuesUSDJPY remains under heavy selling pressure today with the pair now trading at levels last seen in July 2023. Increased expectations of more aggressive action from the Fed this week is keeping USD well-offered today. Given the hawkis...

1 month ago

Nasdaq Soaring on Dovish Fed Bets

Stocks Gaining Ground AgainUS stocks are roaring ahead this week s traders brace for the September FOMC meeting on Wednesday. Traders are now widely expecting the Fed to push ahead with a deeper .5% rate cut on the back of the recent continued fall in job...

1 month ago

As inflation softens, will RBI cut rates?

The election season is nearly underway as polling begins in J&K on September 18, Haryana goes to polls on October 5, followed by Maharashtra and Jharkhand in the coming months. This, while prices of onions and potatoes are still off the charts - onion...

4 weeks ago