ECB Delivers 25bps Hike Leaving the Door Open for Further Hikes, EUR/USD Slides
ECB hikes rates by 25bps while pledging that future decisions will make rates sufficiently restrictive. EURUSD heading toward the 1.1000 level
Gold (XAU/USD) Giving Back Post-FOMC Record Gains But The Future Seems Bright
A dovish interpretation of Jerome Powell’s FOMC statement on Wednesday sent gold spiking to a fresh all-time high before the precious metal retraced most of the move.
British Pound Latest: GBP/USD Bid on FOMC Outlook, EUR/GBP Eyes the ECB
The Federal Reserve raised rates by 25 basis points as expected yesterday but the US hiking cycle may well be over. Next up the ECB.
AUD/USD Price Forecast: Pro-growth Aussie Struggles to Capitalize on Dovish Fed
AUD/USD is trading at a key inflection point as the Aussie dollar faces a weakening USD while risk aversion takes hold. Where to next?
Has Japanese Yen Weakened Enough? USD/JPY, EUR/JPY, GBP/JPY Price Action
The Japanese yen has run into strong support against some of its peers, raising the prospect of some more gains in the short term. What is the outlook for USD/JPY,…
US Dollar Crunched Post Fed Hike as Oil and Gold Rip Apart. New DXY Index Low?
The US Dollar descended again today after the market perceived the Fed to have delivered a dovish hike in rates. Crude went into a tailspin while gold found new legs.…
Crude Oil Extends Slide in Asia; Is This Capitulation?
Crude oil extended its slide in Asia morning on continued worries regarding the demand for oil, rising real interest rates, and lingering banking sector concerns. However, on technical charts oil…
Gold Clocks New Peaks Post Fed Hike as Oil Collapse Rattles Markets. Higher XAU/USD?
The gold price jumped toward record highs today as the market deciphers the implications of the Fed rate decision, lower Treasury yields and a soft US Dollar. Where to for…
Dow Jones, S&P 500, Nasdaq 100 Sink after Fed, Powell, PacWest Woes Crush Sentiment
The Dow Jones, S&P 500 and Nasdaq 100 plunged after the Fed rate decision, Powell’s press conference, and another troubled regional bank, PacWest, deteriorated sentiment. Where to?
Fed Raises Rates by Quarter Point, Signals Pause in Hiking Cycle
The Federal Reserve raised interest rates by 25 basis points to 5.0%-5.25% at the end of its May policy meeting, dropping language that it anticipates additional policy firming.