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Markets
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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Gold slips as markets brace for Fed’s decision, Powell’s presser
Gold (XAU/USD) posts modest losses on Wednesday with traders bracing for the Federal Reserve’s (Fed) monetary policy decision, along with Fed Chair Jerome Powell's press…
How Luxembourg tamed the ‘monster’ of a unified EU market
Officials in Brussels who champion streamlined oversight of EU capital markets need only turn to neighbouring Luxembourg to understand why this project has floundered.Claude Marx,…
Economic resilience and data-dependent stance
As widely anticipated, the Bank of Canada (BoC) kept its benchmark interest rate at 2.25% at its event on Wednesday.In his press conference, Governor Tiff Macklem said the Canadian…
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USD/CAD strengthens after BoC keeps policy steady; Fed in the spotlight
The Canadian Dollar (CAD) trades under pressure against the US Dollar (USD) on Wednesday as markets digest the latest interest rate decision from the Bank of Canada (BoC). At the…
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EUR holds tight range as consolidation extends – Scotiabank
The Euro (EUR) is extending its latest consolidation and trading within a tight range in the mid/lower-1.16 area, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret…