Federal Reserve (FED)

GBPUSD recovers as BoE to hike by 50bp Sterling bounces higher as the Bank of England may deliver its first half-point hike since 1997. The UK’s inflation surged to a 40-year high at 9.4% and could reach a double digit in the…
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Since the last Fed meeting, there have been some pretty wide variations on expectations. Initially, it was thought that the Fed's latest 75bps hike was a one-off. Then inflation data came out, and that changed the calculus, with a bunch of…
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99% of economists agree that the Fed will raise rates by 50 basis points. The remaining 1% say it will be by 75 basis points. With such a strong market consensus, it's unlikely that the rate hike will have as much of an impact since it's…
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EURUSD sees further downside The euro continues to weaken over growth concerns in the eurozone amid the war in Ukraine. A tentative break below 1.0500 further put the euro under pressure. A lack of rebound suggests that the bears…
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The last time the RBA met, there was a solid consensus that they would keep rates at a historic level of 0.10%. That was based on two main things. Firstly, the inflation data hadn't been released yet, and secondly, Australia was heading…
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GBPUSD tumbles amid fears of recession The pound plunges as fears of an economic slowdown in Britain take hold amid a cost of living crisis. The Bank of England has adopted a softer tone recently by acknowledging that its policy…
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USDCHF keeps momentum The US dollar continues upwards as traders pour in before the Fed hike next week. A bullish MA cross on the daily chart indicates an acceleration to the upside after a break above April 2021’ high at 0.9460.…
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Perhaps one of the most important releases of data points this week is the first look at the US GDP for the last quarter. The expectation is for it to be a key metric. This will not only evaluate the underlying health of the US economy,…
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For those following central bank policy, the rise of bond yields around the world is imminent. These have a profound impact on financial markets, especially forex. There is a general push by central banks to raise interest rates in an…
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GBPUSD tests critical floor The US dollar continues upward as markets wager a 50 bp Fed hike next month. The pound's latest rally came to a halt in the supply zone around 1.3150 which coincides with the 30-day moving average. As the…
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