Federal Reserve (FED)

Markets have apparently full-on embraced the prospect of a Santa Rally this year, with US stock indices scoring 6-year record growth over the last week. For forex traders, that means the dollar has been substantially on the backfoot as…
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USDJPY weakens as BoJ to meet The Japanese yen clawed back some losses as traders digested rumours of an end to negative rates. The currency soared on speculation that the BoJ was considering several options to lift interest rates…
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The price of crude has been on the backfoot since the summer, when WTI made a run at $100/bbl. Despite the war in the Middle East and increased production curbs from OPEC+ members, the price kept going down. That is, until now. But are we…
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GBPUSD bounces back Sterling advanced after the Bank of England stressed on keeping rates high for a prolonged period. Despite resistance around 1.2720 at first, the bulls seem to be undeterred by this supply area. An initial 120-pip…
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EURUSD rebounds sharply The US dollar sank after the Fed’s economic projections showed lower interest rates for 2024. A previous spike at 1.0820 had forced some sellers to cover, then a decisive surge may have put an end to the recent…
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XAUUSD seeks support Gold softens against the dollar as US core inflation remains sticky despite an overall downtrend. The price is still in search of support after a recent spike above 2120. A drift below the immediate support of 2040…
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All eyes are on Wednesday's FOMC meeting, in which it might be revealed that the Fed won't hike any more this cycle. But, before then, the release of US inflation figures tomorrow can set up expectations even as the members of the…
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The recent data releases suggest that the all-important NFP tomorrow will show the labor market continues to cool. This would likely affirm the growing consensus that the Fed is soon to shift to rate cutting mode. But, as expectations…
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