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GBP/USD rebounds following Fed’s third straight rate trim
GBP/USD punched a fresh hole into seven-week highs on Wednesday, rising back into the 1.3400 neighborhood after the Federal Reserve (Fed) delivered a widely expected third straight…
A split cut and a clear shift toward caution
The Federal Reserve (Fed) went ahead with a 25 basis points rate cut, taking the target range to 3.50–3.75%. But the tone around the decision mattered just as much as the move. A…
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Australian, US jobs report take centre stage
The US Dollar (USD) sold off sharply on Wednesday, as investors continued to digest the largely anticipated rate cut by the Federal Reserve, while the updated “dots plot” surprised…
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Dow Jones soars 580 points on third straight Fed rate cut
The Dow Jones Industrial Average (DJIA) climbed on Wednesday after the Federal Reserve (Fed) delivered its third straight quarter-point rate cut, lifting the Dow by over 1.2% and…
GBP/USD surges as Fed cuts rates, traders eye Powell’s guidance
GBP/USD climbs after the Federal Reserve decided to cut rates as expected on a 9-3 vote split, that witnessed two members voting for holding rates, while Fed Governor Stephen Miran…
WTI steadies ahead of Fed decision after EIA reports 1.8M barrel draw
West Texas Intermediate (WTI) Crude Oil steadies on Wednesday, trimming part of its earlier losses as traders react to the latest US Energy Information Administration (EIA) report.…
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