New Zealand Dollar Dips on Soft GDP Data. Where to for NZD/USD?
The New Zealand Dollar ran lower after GDP printed below forecasts at 2.2% year-on-year to the end of May. Prior to the figures, Kiwi had been bought on weaker USD.…
US Dollar Falls Despite Hawkish Fed amid Skepticism of Higher Peak Rate Plans
The U.S. dollar falls despite the Fed’s hawkish policy outlook, as traders remain skeptical of policymakers' plans to resume rate hikes later this year, given the economic risks.
Fed Pauses for Now but Signals Higher Peak Rate, Gold Prices Shift into Reverse
The Fed hit the pause button at its June meeting, keeping interest rates on hold at 5.00%-5.25% in line with expectations and previous guidance. The terminal rate, however, was revised…
Gold Price (XAU/USD) Latest – It’s All About The Federal Reserve
The price of gold is poised for the latest FOMC monetary policy decision with the accompanying quarterly economic projections the driver for the next few weeks.
USD Breaking News: US PPI Joins CPI in Move Lower, Emboldening the Fed
Prices at factory gates declined in the month of May as a wave of recent inflation data suggests the Fed will shy away from another rate hike later today
Japanese Yen Still Battered By BOJ’s Policy Outlier Status
The Japanese Yen’s home central bank looks set to remain a global anomaly as others scramble to fight inflation.
Oil Price Forecast: WTI and Brent Rally Gains Steam Despite the IEA Increasing 2023 Supply Outlook
Oil prices enjoyed a slight renaissance of late despite a mixed report from the IEA this morning. Technicals hint at higher pricing but will the US Dollar scupper its plans?
Outlook on FTSE 100, DAX 40 and S&P 500 ahead of Wednesday’s FOMC meeting.
Technical analysis on FTSE 100, DAX 40 and S&P 500 within their fundamental context.
Resilient UK GDP Report Keeps Pound Afloat, Gilt Yields in Focus
GBP/USD maintains its upside as UK GDP remains steadfast ahead of the highly anticipated FOMC announcement later today.
Euro Gains as the US Dollar Frets ahead of the Fed after Benign CPI. Higher EUR/USD?
The Euro retreated from its peak for the month today as markets digest the implication of US CPI ahead of the Federal Reserve meeting later. If the Fed pauses, will…