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Forex
US Dollar declines following Powell’s presser
Jerome Powell pointed out that the progress on inflation stagnated but that it was on track to the 2% target.
He also pointed out that monetary policy needs…
Gold soars after Fed Chair Powell remarks, FOMC decision
Gold prices rose over 0.40% after the Federal Reserve announced that it would hold interest rates steady and slow down its balance sheet reduction.
Fed…
Canadian Dollar rides market churn as dust settles post-Fed
Canadian Dollar gets a boost from Fed hitting the right notes.
Canada PMI missed the mark, to little effect.
US labor preview worrying bellwether for…
Powell speech: Unlikely that next policy rate move would be a hike
Federal Reserve Chairman Jerome Powell explains the decision to leave the policy rate, federal funds rate, unchanged at the range of 5.25-5.5% and responds to…
Dow Jones Industrial Average struggles to recover from recent backslide as Fed rounds corner
Dow Jones stuck near recent lows as Fed looms.
Equities are mixed as markets await Fed policy guidance.
NFP Friday will solidify market outlook on US labor…
Mexican Peso gains against US Dollar ahead of key FOMC decision
Mexican Peso edges up 0.50% against the US Dollar as traders await the Federal Reserve's policy announcement.
Mexico's Q1 2024 GDP growth slows to 1.6%…
Pound Sterling remains on backfoot amid caution ahead of Fed policy decision
Pound Sterling remains on backfoot amid caution ahead of Fed policy decision
The Pound Sterling (GBP) extends its downside below the psychological support of…
US ISM Manufacturing PMI drops to 49.2 in April vs 50.0 expected
ISM Manufacturing PMI fell into contraction territory in April.
US Dollar Index fluctuates in its daily range above 106.00.
The business activity in the…
Gold price edges slightly higher with eyes on Fed’s policy decision
Gold price hovers below $2,300 as uncertainty ahead of the Fed’s policy announcement key appeal of the US Dollar and bond yields firm.
The Fed is expected…
Federal Reserve Preview: Interest rates seen on hold amid persistent inflation
The Federal Reserve is widely anticipated to keep interest rates unchanged.
Fed Chairman Powell’s remarks could provide important clues about the timing of…