The Swiss Franc (CHF) remains on the defensive against the US Dollar (USD) Thursday despite the unexpected improvement of Swiss leading indicators. The USD/CHF keeps reversing some of the ground lost on Wednesday, as the risk-off mood amid escalating … [Continue reading]
United States Dollar Index regains ground on further escalation in Middle East war
The US Dollar (USD) trades slightly positive in the Asian session on Thursday after a juggernaut fall the previous day. At press time, the US Dollar Index (DXY), which gauges the Greenback’s value against six major currencies, trades 0.12% higher to … [Continue reading]
A Fed hold, a Warsh non-answer, and one day of cover for the Japanese Yen
The Federal Reserve (Fed) held its target range at 3.50% to 3.75% for a fifth consecutive meeting at 18:00 GMT, and the pair did what a market short the Yen against a 1.00% policy rate does when a hike it partly paid for fails to arrive. Price … [Continue reading]
Chair Warsh discusses the outlook after holding rates steady
At the post-meeting press conference, Fed Chair Kevin Warsh explains why policymakers decided to keep interest rates unchanged after the July meeting and takes questions from reporters about the decision.This section below was published at 18:00 GMT … [Continue reading]
Federal Reserve set to hold interest rates steady, yet a hike can’t be ruled out
The United States (US) Federal Reserve (Fed) announces its interest rate decision on Wednesday, another pivotal meeting for markets to gauge the stance of policymakers as they assess how rising crude Oil prices could impact the inflation … [Continue reading]
GBP/USD Price Forecast: Near-term bias remains bearish ahead of Fed-BoE policy
The British Pound (GBP) is marginally higher at around 1.3300 against the US Dollar (USD) during the European trading session on Wednesday. The GBP/USD pair edges up as the US Dollar ticks lower ahead of the Federal Reserve’s (Fed) monetary policy … [Continue reading]
Gold consolidates near two-week low, holds above $4,000 as traders await FOMC decision
Gold (XAU/USD) enters a bearish consolidation phase after touching an over one-week low during the Asian session on Wednesday, though it manages to hold above the $4,000 psychological mark. A softer tone surrounding the US Dollar (USD) offers some … [Continue reading]
Australia CPI projected to arrive at 4% for June
The Australian Bureau of Statistics (ABS) will publish the June Consumer Price Index (CPI) on Wednesday at 01:30 GMT. The report is expected to show that inflation rose 4% from a year earlier, matching the May reading. The monthly CPI is foreseen at … [Continue reading]
Silver: Forecast cut but deficit supports upside – Commerzbank
Commerzbank’s Norman Liebke reports that Silver has fallen from USD 70 to USD 57.50 per troy ounce and that the bank has lowered its forecasts, now seeing USD 67 by year-end and USD 80 by end‑2027. Despite substitution in solar and Indian import … [Continue reading]
XRP falls toward $1.00 despite dwindling exchange reserves
Ripple (XRP) continues to trade under increasing pressure on Tuesday. This marks the second consecutive day of declines, reflecting broader risk-off sentiment as investors appear to shift gears in anticipation of the Federal Reserve (Fed) interest … [Continue reading]