TAG: Fed
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 – Falls below $2,000 after resilient display this year
US inflation report hits gold Fewer Fed rate cuts priced into markets A loss of major technical support US inflation data finally took its toll on gold which, after holding strong above $2,000 this year, finally crumbled under the pressure of higher rat...
7 months ago
Market Insights Podcast – US and UK inflation ahead, bitcoin nears $50,000
OANDA Senior Market Analyst Craig Erlam joins Jonny Hart to preview the big events over the next couple of days, and discuss the latest moves in oil and bitcoin. Content is for general information purposes only. It is not investment advice or a solutio...
7 months ago
Market Insights Podcast – US inflation preview, bitcoin ETF announcement
OANDA Senior Market Analyst Craig Erlam joins Jonny Hart and Trader Nick to look ahead to Thursday’s US inflation release and discuss the accidental bitcoin ETF announcement by the SEC on its “compromised” X account which was expected to be followed by an...
7 months agoWhat do the latest Fed, ECB decisions tell about the direction of the EUR/USD?
The Federal Reserve (Fed) expectations soften as Jerome Powell says the ‘disinflationary process is now underway’, while the European Central Bank (ECB) expectations remain hawkish although Christine Lagarde revised the eurozone’s inflation outlook to ‘ba...
7 months ago
Gold Rally Continues As Traders Await FOMC Minutes
Gold Rally ContinuesFollowing the breakdown early last week, gold prices have since rebounded and are traidng firmly this week. The downturn in the US Dollar on the back of Thursday’s weaker-than-forecast US retail sales data has helped fuel a recovery ac...
7 months ago
Softer Dollar Continues on Monday
Muted Markets on MondayThe US Dollar is under pressure on Monday as we begin with a quieter start to the week due to the bank holiday in the US and Canada. Last week, a sharp drop in US retail sales curtailed the initial rally we’d seen on the back of a s...
7 months ago
Dollar Slump Deepens as Traders Await NFP Tomorrow
Weak ISM Services Hits DollarThe US Dollar is turning sharply lower into the back of the week, ahead of tomorrow’s keenly awaited March labour reports. Yesterday, the ISM services reading was seen unexpectedly dropping to 51.4 from 52.6 prior, below the 5...
6 months agoOil rebounds after 3-day slump, recovers US Fed rate hike impact; what lies ahead
Oil prices edged higher on May 4 but were unable to much of this week's more than 8 per cent decline as demand concerns in major consuming countries continued to weigh. Earlier in the day, Brent oil futures were up 73 cents, or 1.01 per cent, to $73.06...
6 months ago
Gold Rush Continues as Traders Await US CPI
Gold Rally ContinuesGold prices are seeing fresh demand across early European trading on Monday with futures extending their recent rally. The market is now up around 18% off the YTD lows and is showing no signs of reversing with a combination of Fed easi...
6 months agoWhat 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
Dollar Spikes on Inflation Upset
CPI Squashes June Rate Cut HopesThe US Dollar has moved firmly higher on the back of yesterday’s March inflation reading. Annualised headline CPI was seen rising to 3.5% from 3.2% prior, above the 3.4% the market was looking for. With inflation proving en...
6 months ago
EURUSD Breakdown Risks Ahead of ECB
EUR Under PressureEURUSD is heading lower ahead of the April ECB meeting this afternoon. The bank is widely expected to give a strong signal that rate cuts are coming, starting in June. Pricing for a cut in June is currently sitting above 80% so if the ba...
6 months ago