Pound Sterling flat vs USD as BoE decision and US PCE data loom
The GBP/USD pair struggles to capitalize on a modest Asian session uptick to the 1.3500 neighborhood, though it holds above the 100-day Simple Moving Average (SMA). Spot prices currently trade around the 1.3475-1.3480 region, nearly unchanged for the day, as traders look forward to the Bank of England (BoE) event and the US inflation data […]
Australian Dollar edges higher ahead of Chinese PMI releases
The AUD/USD pair gathers strength to near 0.7130 during the early Asian session on Thursday. The Australian Dollar (AUD) edges higher against the US Dollar (USD) on hotter domestic inflation data. Traders brace for the release of the Chinese Purchasing Managers Index (PMI) data later on Thursday, which could give direction to the China-proxy Aussie. […]
Gold extends slide as Powell stays, Fed split lifts yields higher
Gold (XAU/USD) price extends its losses over 1% as the Federal Reserve (Fed) held rates unchanged and its Chair Jerome Powell hinted that he would remain on the board until the criminal investigation against him is definitively dropped. The XAU/USD pair exchanges hands at $4,546 after reaching a daily peak of $4,610. Bullion drops as […]
EUR/USD holds near 1.1670 as Fed leaves rates unchanged
EUR/USD remains negative in the day but unchanged as the Federal Reserve (Fed) decided to hold rates unchanged on Wednesday at the last meeting of Jerome Powell as the Chairman of the Fed. At the time of writing, the pair trades around 1.1670, down 0.48% as eyes turn to Powell’s press conference. Fed’s monetary policy […]
Inflation expectations are not as well anchored as they were before Covid
Tiff Macklem faced the press shortly after the decision, offering markets a clearer sense of the central bank’s thinking. The appearance followed the widely expected move by the Bank of Canada to hold the policy rate steady at 2.25%. BoC press conference key highlights Tiff Macklem If energy prices stay higher for longer, there could […]
Cautious hold as oil lifts inflation – TD Securities
TD Securities strategists expect the Bank of Canada (BoC) to keep its policy rate at 2.25%, with a cautious statement in the April decision. The April Monetary Policy Report (MPR) is seen upgrading headline inflation forecasts on higher energy prices, while core revisions remain modest. Strategists anticipates a higher neutral rate range and notes the […]
AI concerns weigh before tech earnings – Deutsche Bank
Deutsche Bank strategists note that United States (US) equities turned lower as AI-related worries resurfaced after a report that OpenAI missed internal 2025 targets. The S&P 500, NASDAQ and Mag 7 all pulled back, with semiconductors hit hardest, though Nasdaq futures later recovered part of the loss as investors look ahead to earnings from four […]
Holds post-CPI losses near 0.7160 as Fed looms
The AUD/USD pair continues with its struggle to conquer the 0.7200 mark and attracts some sellers during the Asian session on Wednesday, following the release of Australian consumer inflation figures. The data falls short of expectations and exerts some pressure on the Australian Dollar (USD). Furthermore, the US-Iran peace talks uncertainty underpins the safe-haven US […]
Australian Dollar dips after CPI; focus shifts to Fed decision
The AUD/USD pair continues with its struggle to conquer the 0.7200 mark and drifts lower following the release of Australian consumer inflation figures during the Asian session on Wednesday. Spot prices slide to the 0.7170 area in the last hour, though the downside potential seems limited ahead of the crucial FOMC policy decision later today. […]
EUR/USD declines to near 1.1700 ahead of Fed rate decision
The EUR/USD pair trades in negative territory around 1.1715 during the early Asian session on Wednesday. Uncertainty over a potential Middle East ceasefire continues to boost a safe-haven currency such as the US Dollar (USD) against the Euro (EUR). All eyes will be on the US Federal Reserve (Fed) interest rate decision later on Wednesday. […]
