US President Donald Trump said that he was removing Federal Reserve (Fed) Governor Lisa Cook from her position on the Fed's board of directors, Reuters reported on Tuesday. Trump announced in a letter to Cook that he posted on social … [Continue reading]
The Monetary Sentinel: No further easing, your honor
With G10 central banks largely quiet this week, the spotlight shifts to Hungary’s MNB and South Korea’s BoK. Both are expected to keep rates unchanged, though the BoK may soon be forced to ease as trade pressures weigh on domestic growth.Bank of … [Continue reading]
GBP/USD steady near 1.35 as Powell hints at Fed cut
GBP/USD consolidates as Powell highlights labor market risks, reinforcing September Fed rate cut speculation.Market pricing shows 93% probability of a September cut, according to Prime Market Terminal’s Fed tracker tool.UK inflation focus ahead with … [Continue reading]
EUR/USD: Likely to consolidate between 1.1665 and 1.1745 – UOB Group
Euro (EUR) is likely to consolidate between 1.1665 and 1.1745. In the longer run, increase in upward momentum is not enough to indicate a sustained rise; EUR must first close above 1.1745, UOB Group's FX analysts Quek Ser Leang and Peter Chia note. … [Continue reading]
Australian Dollar steadies as US Dollar trims recent gains
The Australian Dollar trims recent losses amid rising likelihood of a Fed rate cut in September.The Reserve Bank of Australia is expected to resume easing with a larger 50 basis-point rate cut in November.The CME FedWatch Tool indicates an 87% chance … [Continue reading]
GBP/USD attracts some sellers below 1.3500 on renewed US Dollar demand
GBP/USD weakens to near 1.3495 in Monday’s Asian session. The Fed’s Powell opened the door to resuming interest rate cuts. Hot UK July inflation data diminish the odds of BoE rate reductions this year.The GBP/USD pair faces some selling … [Continue reading]
XRP registers 7% gain following dovish Fed hints and Ripple’s partnership with SBI
Ripple revealed a partnership with SBI Holdings to begin distributing its RLUSD stablecoin in Japan.Fed Chair Powell delivered dovish remarks at Jackson Hole, hinting at the possibility of rate cuts.XRP breaks above the 50-day SMA as it tests a key … [Continue reading]
XRP rises 7% upon partnership with SBI and Fed Chair Powell’s dovish hints
Ripple revealed a partnership with SBI Holdings to begin distributing its RLUSD stablecoin in Japan.Fed Chair Powell delivered dovish remarks at Jackson Hole, hinting at the possibility of rate cuts.XRP breaks above the 50-day SMA as it tests a key … [Continue reading]
Ethereum surges to new all-time high following Powell’s dovish hints, eyes $6,000
Ethereum crossed the $4,800 mark for the first time in nearly four years after Fed Chair Powell's dovish remarks at Jackson Hole.ETH has risen over 100% since June, spurred by $9 billion ETF inflows and 3 million ETH acquisition from DATs.ETH is on … [Continue reading]
Gold above $3,370 as Powell turns dovish, labor risks rise
Gold prices rallied sharply after Powell’s dovish tone highlighted employment risks despite persistent upside risks to inflation.Traders priced in a 90% probability of a 25 basis-point Fed cut, with key data still ahead before September.Next week’s … [Continue reading]