The Federal Reserve resisted mounting pressure from President Trump and kept interest rates unchanged as investors brace for what may come next: a pro-Trump successor at the helm of the world’s most
The Federal Open Market Committee maintained its policy rate in the target range of 4.25-4.5% on Wednesday, a move predicted last year by Nigel Green, CEO of leading independent financial advisory deVere Group.
The Federal Reserve’s FOMC minutes signal that officials are hawkish, “and we’re not likely to see more than one rate cut in 2025 – at most,” according to the CEO of a
The action in foreign exchange markets remain choppy on Wednesday as investors refrain from taking large positions ahead of key events. Bank of England Governor Andrew Bailey, European Central Bank President Christine Lagarde
The US Dollar Index rose more than 2% in the previous week and registered its largest one-week gain of 2024. The index remains in a consolidation phase at around 102.50 in European
The EURUSD currency pair is under pressure, trading in the 1.1060s on Wednesday, after the pair fell from 1.1135 on Tuesday, in a sell-off that amounted to a 0.60% one-day decline. Lower-than-expected
By Naeem Aslam European and US markets traded a bit mixed Tuesday due to conflicted emotions following the Federal Reserve Chairman’s failure to meet market expectations on Monday night. But smart money
After witnessing a solid turnaround in U.S. markets on Wednesday, the Dollar pauses its recovery and remains in a consolidative mode heading into the European trading on Thursday. Traders turn cautious and
The Bank of England has made “another mistake” by not accelerating interest rate cuts, according to the CEO of a leading independent financial advisory and fintech. deVere Group’s Nigel Green spoke out after
Following the wild fluctuations seen in financial markets on Wednesday, volatility remains high early Thursday. The Bank of England will announce monetary policy decisions, and later in the day, the US economic
