Share: Pound Sterling eyes more gains ahead of key interest rate policy The Pound Sterling (GBP) recovers as negative market sentiment eases despite the United Kingdom losing resilience in an aggressively restrictive monetary policy environment. Earlier, the GBP/USD pair faced wrath as the UK authority shows concerns about deepening recession fears due to consistent interest rate hikes
US Dollar (DXY) Analysis USD barely budges after the FOMC announcement as traders require more convincing around another rate hike. Dollar weakness seen this morning ahead of ECB Large speculators, hedge funds positioning suggests greater USD pessimism Major risk events: US Q2 GDP and PCE inflation data The analysis in this article makes use of
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
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
© 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
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?
USD/JPY, EUR/JPY PRICE FORECAST: FX Intervention Remains a Factor but Central Banks are Likely to Drive Price Action on Yen Pairs. Japanese Cabinet Office Lifted its Views in Business Sentiment. The First Time in 7-Months. EUR/JPY Retreats from YTD High with Double Top Pattern Hinting at a Deeper Retracement. To Learn More About Price Action,
FTSE, DAX Analysis Recommended by Richard Snow See what our analysts foresee in indices in Q3 FTSE Edges Tentatively Higher Ahead of Massive Central Bank Meetings, Earnings The FTSE Index appears on track to print a sixth consecutive daily gain, putting in a near 6.5% recovery form the low earlier this month. The bullish advance
