Powell calls it a privilege to show Trump around the Fed renovations.
Federal Reserve Chairman Jerome Powell mentioned on Wednesday that President Trump visited the Fed’s headquarters last week, despite ongoing pressures related to interest rates affecting the White House. Powell described the visit as “an honor,” noting that it involved a tour of renovations on the D.C. campus. He characterized the meeting as a “good visit,” […]
Fed is likely to maintain interest rates and indicate when a cut may occur.
The Federal Reserve is likely to keep its policy rates unchanged for the fifth consecutive time. The wording of the statement and comments from Chairman Powell could shed light on future policy directions. If investors are optimistic about potential interest rate cuts in September, the US dollar may weaken. The Federal Reserve is set to […]
GBP/USD breaks through 1.3300 due to US data, Fed in focus
US Economic Data Release Highlights The initial phase of the US data release showcases the strength of the world’s largest economy. The Federal Reserve is expected to announce its monetary policy decisions later today. GBP/USD has dropped to its lowest level since mid-May, showing no signs of slowing down. During the early part of Wednesday’s […]
USD/CAD Outlook for 30/07: Rises Ahead of Fed and BoC
The US dollar is gaining strength against the Canadian dollar in today’s trading session. This shift is largely due to interest rate announcements from both the Bank of Canada and the Federal Reserve. In the end, the spotlight is likely to remain on the US, though it’s clear that traders are paying attention to the […]
Today’s Forex: Major economies’ GDP data and rate decisions from the BoC and Fed expected to increase volatility
Key Updates for July 30th As we head into Wednesday, financial markets are expected to be generally subdued as investors gear up for significant upcoming events. The European session will pay close attention to the preliminary second quarter GDP data from the eurozone. In the US, important economic indicators will include changes in ADP employment […]
Pound Sterling levels off against US Dollar before Fed interest rate decision
Sterling is trading around 1.3350 against the US dollar, with investors closely watching for the Federal Reserve’s impending financial policy announcement. There is a prevailing hope among investors that the Fed will hold interest rates steady. Concurrently, a dip in labor demand in the UK is setting the stage for potential interest rate reductions by […]
GBP/USD reaches a low before important Fed rate decision
The GBP/USD pair saw a rebound on Tuesday, reducing some of its losses after testing the 1.3300 level. With little economic data emerging from the UK, the focus remains on the US statistics. This week’s US GDP, PCE inflation, and NFP job reports could significantly influence market movements. On Tuesday, GBP/USD managed to stabilize, halting […]
US Dollar Index stays under 99.00 before Fed policy meeting
The US Dollar Index’s Streak Comes to an End The US Dollar index will halt its winning streak ahead of the Fed rate decision. The Fed is expected to not change its benchmark interest rates in July. US Treasury Secretary Scott Bescent said the US and China will continue to talks on maintaining the tariff […]
Canadian Dollar keeps falling before Fed rate decision
The Canadian dollar faced further declines on Tuesday as the US dollar continued to strengthen. Lack of economic data from Canada left CAD traders somewhat sidelined. The market sentiment remains bullish for the US dollar, particularly ahead of significant economic reports from the US. The Canadian Dollar (CAD) experienced its fourth straight day of losses […]
Gold Price Outlook: XAU/USD approaches 50-day EMA support, attention turns to the Fed
Gold Stabilizes After Four-Day Slide Gold (XAU/USD) has stabilized around $3,321 on Tuesday, after reaching a nearly three-week low of about $3,300, effectively stopping a four-day losing streak. Risk-on sentiments and easing geopolitical tensions are contributing to a reduction in demand for safe havens as the August 1 deadline approaches. The market remains cautious ahead […]