The EURUSD pair continues to gain ground on Thursday as the prevailing positive sentiment in the market provides support for risk-sensitive currencies like the Euro. This improved risk appetite could be attributed
The US Dollar suffered large losses against its major rivals in the American session on Wednesday as investors reacted to the Federal Reserve’s policy decisions and Chairman Jerome Powell’s remarks on the
The British pound broke above the 1.2700 barrier against the US dollar and traded around 1.2735 in Asian trading on Thursday, with the uptick bolstered by a weaker USD and encouraging news
The GBPUSD pair held below the 1.2700 mark during early Asian session on Wednesday, trading near 1.2695 and losing 0.08% on the day, with the downtick backed by the renewed US Dollar
By Mark Haefele The Federal Open Market Committee (FOMC) voted unanimously to keep rates unchanged on Wednesday in a target range of 5.25% to 5.5%. The pause was widely expected and marked
By Craig Erlam It’s been a relatively slow start to trading on Wednesday which isn’t surprising considering what’s to come later in the day. On another day, earnings from Alphabet and Microsoft
By Craig Erlam Markets saw some trepidation on Wednesday with the Federal Reserve keepings rates unchanged and ahead of the jobs report on Friday. The Fed’s FOMC meeting was quite straightforward, with
By Han Tan, Chief Market Analyst at Exinity Group The FOMC is widely expected to leave its benchmark rates untouched on Wednesday, with Chairman Jerome Powell set to echo the “higher for
Federal Reserve Chair Jerome Powell is expected to be extra hawkish in his key policy speech on Thursday amid growing concerns over surging oil prices, driven by the Israel-Hamas war, which could
By Han Tan, Chief Market Analyst at Exinity Group Risk sentiment was forced to turn lower as the Federal Reserve delivered its higher-for-longer messaging to markets, projecting fewer-than-anticipated rate cuts for 2024.
