USD/JPY rises to a more than one-week high, surpassing the mid-148.00s before FOMC and BoJ meetings
USD/JPY is poised to reach its highest level in nearly two weeks, supported by several factors. Optimism around trade and decreased expectations for rate hikes from the BOJ continue to weigh on the Safe Haven JPY. The USD is likely to maintain solid gains on Monday, which will contribute positively to the currency pair. The […]
Asia-Pacific FX news summary: Waller from the Fed presented his argument for a 25bp rate cut by the FOMC.
Waller’s Remarks on Interest Rates Federal Reserve Governor Christopher Waller has suggested that the FOMC should consider a 25 basis point cut during the upcoming July meeting. Waller has expressed concerns about the uncertain long-term outlook for the Fed’s fund rate, indicating that a target of around 3% appears appropriate. It’s interesting to note that […]
EUR/USD drops close to 1.1700 as US Dollar strengthens, attention on FOMC Minutes
Market Overview EUR/USD dips to around 1.1705 during Wednesday’s Asian session. President Trump announced plans for a 50% tariff on copper imports. Traders are awaiting the release of FOMC minutes later on Wednesday. The EUR/USD exchange rate is expected to decline to about 1.1705 in the Asian trading hours on Wednesday. This dip comes as […]
The factors influencing the three main currency pairs a day after the FOMC
Market Update on Currency and Economic Conditions The video above underscores the trading conditions in North America, focusing on the technologies influencing three key currency pairs: EURUSD, USDJPY, and GBPUSD. Today, the USD has remained fairly stable against the EUR and GBP but has gained ground against the JPY, increasing by 0.43%. Interestingly, the AUD […]
EUR/USD fluctuates after FOMC, attention turns to Fed Chair Powell’s speech
EUR/USD has moved past 1.1500 following the Fed’s recent rate decision and updates to the DOT plot. The FOMC still projects a 50 basis point cut in 2025, but uncertainty around policy has complicated the dot plot. The EUR/USD experienced some volatility on Wednesday after the Federal Reserve (Fed) decided to keep interest rates steady, […]
US Dollar Index declines following FOMC decision to maintain rates
The US Dollar Index experienced fluctuations following the Federal Reserve’s recent rate decisions and dot plot updates. The FOMC still indicates a 50 basis point cut in 2025, although uncertainty around policy has expanded the dot plot. The US Dollar Index (DXY) moved around on Wednesday after the Federal Open Market Committee (FOMC) decided to […]
Tether Mints 1 Billion USDT Ahead of FOMC Meeting
Tethermint Sends 1 Billion USDT, 225.3 Million to Bitfinex Whale Alert, a well-known blockchain tracking service, recently reported that Tether has generated another significant amount of USDT, totaling 1 billion, executed on the Ethereum blockchain. This occurred around thirty minutes ago. Following this, Tether’s social media stated that a portion—specifically 225,364,963 USDT—was transferred directly to […]
Bitcoin’s Dominance Rises Before FOMC with Anticipation of Increased Volatility, Analyst States
On Tuesday, Bitcoin (BTC) made notable strides in the cryptocurrency market, achieving a level of control not seen in four years as traders gravitated towards more stable assets ahead of a significant Federal Reserve policy meeting scheduled for tomorrow. BTC remained stable, consistently hovering between $94,000 and $95,000, marking a continued steady trading pattern since […]
Gold faces difficulty in maintaining intraday gains as traders choose to wait for this week’s FOMC meeting – FXStreet
Gold prices are expected to rise on Monday as geopolitical tensions reignite demand for safe havens. The USD has dipped below recent highs, which further benefits precious metals. Market attention is now turning to the upcoming two-day FOMC policy meeting starting Tuesday. Currently, the price of Gold (XAU/USD) is showing some positive movement as the […]
Fed Meeting Live Updates: FOMC Keeps Interest Rates Steady – The New York Times
The Federal Reserve did not change for its second meeting on Wednesday as officials stuck to previous forecasts. Two more cuts This year, despite mandating higher inflation and slower growth. The central bank's decision to hold interest rates in the range of 4.25% to 4.5% has extended its first suspension since January after a series […]