EUR/USD Gains Already at Risk After Markets Digest FOMC, SNB Revelations
EUR/USD attempts to reign in yesterday’s gains as the dust settles on the FOMC announcement and slightly dovish presser from Powell. SNB delivers surprise cut
EUR/USD attempts to reign in yesterday’s gains as the dust settles on the FOMC announcement and slightly dovish presser from Powell. SNB delivers surprise cut
The Bank of England left rates unchanged at today’s meeting but the closely watched vote split turned dovish, sending UK Gilt yields and GBP lower.
The Fed reaffirmed its view of three rate cuts this year and raised its outlook on inflation and GDP. The dollar experienced a dovish repricing, propelling gold notably higher
The Fed held borrowing costs unchanged at its March meeting and continued to signal that it would implement three rate cuts this year despite upside inflation risks. This dovish outlook boosted gold prices and the Nasdaq 100.
The Federal Reserve kept its monetary policy settings unchanged for the fifth consecutive meeting and signaled its intention to deliver 75 basis points of easing this year, the same outlook embraced back in December.
The yen failed to halt a selloff that gained momentum after the dovish hike from the Bank of Japan. USD/JPY remains vulnerable, particularly if the Fed foresees fewer cuts ahead
UK inflation fell to the lowest level in over two years in February, helped by falling food prices. GBP/USD is little changed as the latest Fed policy decision nears.
This article offers a preview of the upcoming Fed monetary policy announcement, examining potential scenarios for financial markets, including the U.S. dollar.
Canadian inflation softened more than expected in February, bringing potential rate cuts closer at a time when markets foresee the Fed having to delay its first cut until July
There are central bank policy decisions for both sides of GBP/USD in the next forty-eight hours