CPI and FOMC Set to Rock the Markets! – Orbex Forex Trading Blog

Iran foreign minister Aragchi travelled to Oman as expected on the weekend but then returned to Pakistan, according to reports. There are also reports that there has been some progress on the nuclear file, with the US accepting a moratorium on the enrichment ban or some kind of phased enrichment after 10 years. The comment…

The AUD/JPY cross edges lower to around 113.95 during the early European session on Tuesday. The Japanese Yen (JPY) gathers strength against the Australian Dollar (AUD) as markets turn cautious ahead of potential US-Iran peace talks.  Bloomberg reported on Tuesday that US Vice President JD Vance will travel to Pakistan later on Monday to resume…

GBPUSD: The GBP/USD pair is showing signs of recovery, trading close to 1.2580 during Monday’s Asian session. This comes as the Bank of England (BoE) saw a divided vote among its policymakers on the necessity of interest rate cuts to address the slowing economy. The Bank of England’s Monetary Policy Committee (MPC) voted 6-3 in…

Shadow chancellor Stride: ‘there must be no suggestion of going back into single market or customs union’ Shadow chancellor Mel Stride has said that there must be no suggestion of the UK going back into the EU single market or customs union, but said the Labour government should be doing everything to “facilitate trade” with…

Following yesterday’s FOMC interest rate decision and Jerome Powell’s press conference, the US Dollar Index (DXY) dropped sharply to point A. On one hand, the 0.25% rate cut makes the dollar less attractive for capital preservation and yield. On the other, the prospect of a pause before further cuts provides some support. Thus, the current…