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GBP/USD rises toward 1.3700 as Fed reduces rates ahead of Powell’s press conference

GBP/USD rises toward 1.3700 as Fed reduces rates ahead of Powell's press conference

GBP/USD fluctuates following the Fed’s rate decision, with focus shifting to Powell’s upcoming press conference. Fed’s division: Milan advocates for a 50 bps cut while noting concerns over rising inflation and slowed growth. The SEP suggests a potential 50 bps cut in 2025, shaping expectations for the Fed’s long-term path. Following the Federal Reserve’s anticipated […]

Dollar falls towards 145.50 against the Yen as Fed cuts rates and offers cautious outlook

Dollar falls towards 145.50 against the Yen as Fed cuts rates and offers cautious outlook

USD/JPY experiences a significant decline within the 147.00-145.50 range following the Federal Reserve’s decision that encourages a risk-off sentiment towards the US dollar. The Fed’s announcement points to heightened labor market risks, along with rising inflation and a slowdown in growth expected in early 2025. September forecasts indicate an additional 50 basis points rate cut […]

Bitcoin is showing an inverse head-and-shoulder pattern as Fed rate cuts approach.

Bitcoin is showing an inverse head-and-shoulder pattern as Fed rate cuts approach.

All asset classes feel the influence of the Federal Reserve, particularly during a rate-cut cycle. This includes cryptocurrencies, with Bitcoin being the standout, as it’s both the largest and the most closely watched. Now, you might wonder why Bitcoin matters, especially for those not actively trading it. Well, it’s become quite significant and, some might […]

European stocks rise as global markets expect a Fed rate reduction

European stocks rise as global markets expect a Fed rate reduction

European Stocks Anticipate Fed Rate Cut LONDON – European stock markets opened slightly higher as traders await the US Federal Reserve’s decision on monetary policy, anticipated to involve interest rate cuts on Wednesday. The pan-European Stoxx 600 index saw a 0.2% increase around 9:08 am (4:08 am ET), with most sectors showing positive movement. Notably, […]

XRP, BNB, and Hyperliquid Drive Crypto Increases Before Important Fed Decision

XRP, BNB, and Hyperliquid Drive Crypto Increases Before Important Fed Decision

Simply put Layer 1 tokens are in the spotlight as investors gear up for a crucial FOMC meeting. Experts believe that the strong performance of XRP, BNB, and Hyperliquid is due to specific developments related to each coin. Investor interest is increasing, as altcoin open interest recently surpassed that of Bitcoin for a brief period. […]

Stocks Close a Bit Lower as Markets Anticipate the Fed

Stocks Close a Bit Lower as Markets Anticipate the Fed

The S&P 500 index closed down 0.13% on Tuesday, while the Dow Jones Industrials Index saw a decline of 0.27%. The Nasdaq 100 Index also ended the day down by 0.08%. Meanwhile, September e-mini S&P futures and September e-mini Nasdaq futures experienced slight declines of 0.11% and 0.04%, respectively. The stock indices retreated from earlier […]

Forex Today: The quiet before the BoC and Fed activity

Forex Today: The quiet before the BoC and Fed activity

Key Updates for September 17th Here’s the latest for today: There’s quite a bit of market buzz as global indices react ahead of significant announcements from major central banks, particularly the eagerly anticipated US Federal Reserve policy decisions. We’re seeing signs of a softening labor market in the US alongside persistent inflation, which has resulted […]