In a widely expected move, the Federal Reserve (Fed) hiked its policy interest rate by 25 basis-point (bp) to the 5.25%-5.5% range and left the door open for another hike in September. But given that Fed Chair Jerome Powell also guided for rate decisions to be on a “meeting-by-meeting” basis, additional tightening moves still lack
News like FOMC or NFP are known by the name “The Widow Maker”. This exaggeration definetely shows the explosive character of the events. If you have open positions without a strict Stop Loss, you will likely run into a higher drawdown. And since most EAs and traders like high lot positions, the drawdowns may mutate
© Reuters. FILE PHOTO: U.S. Dollar and Euro banknotes are seen in this illustration taken July 17, 2022. REUTERS/Dado Ruvic/Illustration By Harry Robertson, Alun John and Ankur Banerjee LONDON/SINGAPORE (Reuters) – A slide in the dollar and signs that volatility is returning to foreign exchange markets as interest-rate hikes bite is causing investors to reassess
Share: USD/CAD loses momentum following the Federal Reserve (Fed) meeting. The Fed hiked its rate by 25 basis points (bps) to a target range of 5.25%–5.5%. Market players anticipated that the BoC will likely not see the need to raise rates further this year. Investors await preliminary Q2 US GDP growth. The USD/CAD
OIL PRICE FORECAST: Recommended by Zain Vawda How to Trade Oil Most Read: What is OPEC and What is Their Role in Global Markets? Oil prices have continued their impressive rally this week on the back of Chinese stimulus hopes and a tighter market boosting prices to levels last seen mid-April. This morning did bring
Reserve Bank of Australia meetings were easy, the first Tuesday of each month except for January. That ‘first Tuesday of the month’ will be the case for August, September, October, November and December 2023. From 2024, changes are afoot! As part of the shifting the deckchairs on the Satanic RBA Review the Bank has moved
EURO FORECAST EUR/USD rose modestly after the Federal Reserve announced its July monetary policy decision The Fed resumed its tightening campaign after a brief pause last month, raising interest rates by 25 basis points to 5.25%-5.50%, but did not strike a hawkish tone Market attention now turns to the ECB, with the bank’s decision and
© Reuters. FILE PHOTO: U.S. Dollar banknotes are seen in this illustration picture taken June 14, 2022. REUTERS/Florence Lo/Illustration By Saqib Iqbal Ahmed NEW YORK (Reuters) – Some investors are zeroing in on the battered currencies of commodity-producing countries such as Norway and Australia to take advantage of more potential weakness in the dollar, which
Share: Dow Jones rises after the Fed executes a 0.25% hike at its meeting on Wednesday – as expected. The index rose intitially, clocking 0.35% gains but then fell flat soon after. Dow component earnings results have been mixed so far this week with plenty still to report. The Dow Jones Industrial Average
