GBP/USD: Sterling Rises to 2.5-Year High of $1.3330 on Bank of England Rate Decision – TradingView
Key Points: The pound rose to its highest level in two and a half years. The dollar loses control over foreign exchange trading. The Bank of England kept interest rates unchanged. Illustration: TradingView The British currency surged against the US dollar after the Bank of England decided to keep interest rates on hold, a sharp […]
GBP/JPY falls to near 189.00 following the BoJ interest rates decision – FXStreet
GBP/JPY lost its upward momentum after the Bank of Japan's interest rate decision was announced. The Bank of Japan decided at its meeting on Friday to keep current interest rates unchanged at 0.15%. Policymakers are awaiting UK retail sales data for August to gain further insight into how the UK economy is performing. GBP/JPY ended […]
US Dollar declines as market digests FOMC decision – FXStreet
The FOMC meeting ended with a 50 basis point cut in interest rates to a range of 4.75% to 5.00%. The dot plot suggests a gradual easing cycle implying three rate cuts in 2024. At a press conference, Chairman Powell stressed that the Fed is in no rush. The US Dollar Index (DXY), which measures […]
Australian Dollar advances despite Fed caution, awaits PBoC Interest Rate Decision – FXStreet
The Australian dollar rose after new job creation rose more than expected in August. Australian employment change increased by 47.5K in August, beating the consensus forecast of 25.0K. The Federal Reserve's significant interest rate cuts demonstrate its determination to protect the labor market and protect the economy from recession. The Australian Dollar (AUD) has recovered […]
The Fed Tied Its Own Hands with Rate Cut Decision
Speaking on Fox Business Network's “Kudlow” show on Wednesday, Breitbart News economics editor John Carney said the Fed should have waited until after the election to cut interest rates, and that announcing a 50 basis point cut now would force the Fed to do the same thing in November. Carney said:[T]They should have waited until […]
Federal decision on Nippon-US Steel takeover to be pushed back
Nippon Steel Corp., Japan's largest steelmaker, is asking for its takeover bid for U.S. Steel to be resubmitted, a person familiar with the matter told The Hill, which would delay a decision on approving the deal until after the presidential election. The Committee on Foreign Investment in the United States (CFIUS), an interagency group that […]
How to play the Fed decision using options on gold – CNBC
Gold is trading at an all-time high due to a combination of inflation concerns, geopolitical risks, and expectations surrounding monetary policy. The Federal Reserve is scheduled to announce on Wednesday at 2 pm ET, with the market speculating a possible half-point rate cut. Given that the Fed's stance on the economy is soft due to […]
US Dollar softens ahead of Fed rate decision – FXStreet
The US dollar is stabilizing as analysts are still debating the size of future rate cuts. Traders will likely sit and wait until a decision is made, followed by a press conference from Fed Chairman Powell. The US Dollar Index fell back on Wednesday after a small gain the previous day. Ahead of the Federal […]
Stock market today: Global shares trade mixed ahead of Federal Reserve rate decision – Yahoo Finance
TOKYO (AP) — Global stock markets were mixed on Wednesday as investors awaited an expected economic slowdown. Interest rate cuts This is the first time in more than four years that the Federal Reserve has done so. France's CAC 40 was down 0.2% at 7,474.92 at the open, while Germany's DAX was down just under […]
Australian Dollar appreciates due to risk-on mood ahead of US Fed interest rate decision – FXStreet
The Australian dollar is extending gains as risk sentiment improves ahead of the US Federal Reserve decision. The Reserve Bank of Australia's hawkish stance is supporting the Australian dollar. The US dollar is weakening as the Fed is likely to cut interest rates by 50 basis points on Wednesday. The Australian Dollar (AUD) rose for […]