FOMC DECISION KEY POINTS The Federal Reverse voted to raise interest rates by 25 basis points to 5.25%-5.50%, the highest level in 22 years The decision to resume the tightening campaign was widely expected by market participants Gold and the U.S. dollar go separate ways following the central bank’s decision ahead of Powell’s press conference
As the Fed decision looms at the top of the hour, the major indices are trading lower led by the NASDAQ index. The Dow is down marginally. A close lower today would snap its 12-day winning streak. The record is 13 straight days of gains. A snapshot market currently shows: Dow industrial average -3.28 points
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Euro Analysis (EUR/USD, EUR/JPY) Recommended by Richard Snow Get Your Free EUR Forecast FOMC to Hike by 25-bps in July but Where Will Rates Peak? The FOMC concludes its two-day meeting with the monetary policy statement at 19:00 UK time today. A string of encouraging inflation prints have allowed markets to entertain the possibility that
Most traders will agree that there are few things more enjoyable than riding a steady up trend all the way to the top. Unfortunately, as the old adage goes, “all good things must come to an end”. This is particularly true in trading which is why it is essential to understand when a move to the downside
© Reuters. Investing.com – The U.S. dollar edged lower Tuesday, but remained near a two-week high as traders awaited a widely expected interest rate hike from the Federal Reserve later in the session. At 02:55 ET (06:55 GMT), the , which tracks the greenback against a basket of six other currencies, traded 0.1% lower at
Share: Federal Reserve is widely expected to raise its policy rate by 25 bps to 5.25-5.50%. Fed has been struggling to convince markets that they will raise rates at least twice more this year. US Dollar valuation could be significantly impacted by Chairman Powell’s comments. The Federal Reserve (Fed) is expected to raise
S&P 500, Nasdaq Analysis Recommended by Richard Snow Get Your Free Equities Forecast Markets Brace for the Fed’s Rate Decision Market participants eagerly await the FOMC statement and press conference where we will hear form Jerome Powell as he answers questions around the terminal rate and whether or not we’ll see further hikes from here?
The strongest to weakest of the major currencies The JPY is the strongest and the AUD is the weakest as the North American session begins. The USD is mixed and in the middle of the “strong to weak” rank above with gains vs the CAD, AUD, NZD, and declines vs the JPY, EUR, GBP and
GBP/USD and EUR/GBP Latest Analysis, Prices, and Charts GBP/USD pushing back above 1.2900 in thin pre-FOMC turnover. EUR/GBP stalls as support levels near. Recommended by Nick Cawley Download our Brand New Q3 GBP Guide Sterling has bounced off Monday’s 1.2798 swing low and is pushing higher against the US dollar ahead of the latest Federal
