FX Weekly Recap: September 16 – 20, 2024
Although the FOMC decision was the main event on everyone’s radars, there was no shortage of top-tier economic updates that pushed major currencies around throughout the week.
Although the FOMC decision was the main event on everyone’s radars, there was no shortage of top-tier economic updates that pushed major currencies around throughout the week.
2025.07.03 2025.07.03 Pound Plummets on Chancellor’s Tears. Forecast as of 03.07.2025 Dmitri Demidenkohttps://www.litefinance.org/blog/authors/dmitri-demidenko/ After Rachel Reeves appeared tearful in parliament, markets experienced a decline due to concerns regarding her potential resignation as finance minister. The current Chancellor of the Exchequer may be replaced by someone who will adopt a more relaxed fiscal policy. Let’s discuss…
The Bank of England delivered its fifth consecutive rate cut since last summer, reducing Bank Rate by 0.25 percentage points to 4% following its August meeting. However, the decision revealed a deeply divided Monetary Policy Committee, with the vote split 5-4 – marking one of the closest decisions in recent memory as policymakers wrestle with…
The US natural gas price forecast is closely monitored by traders as volatility in global energy markets continues to increase. Prices in the United States are influenced by several key factors, including domestic production, storage levels, LNG exports, and weather conditions. Geopolitical developments affecting global energy supply have also become an increasingly important factor influencing…
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Oil prices are showing surprising resilience despite trade war fears, buoyed by ongoing sanctions on Russian and Iranian oil supplies. The EIA has raised its 2025 forecast for US oil production. A host of factors are influencing Oil price dynamics and is likely to keep market participants guessing. Most Read: Gold (XAU/USD) Outlook: $3000/oz Target…
The leader of Plaid Cymru has described the prospect of leading the next government in Wales as “a heck of a task” but that he senses voters are increasingly driven by their Welsh identity and may be ready for Britain to be “redesigned”. Speaking to the Guardian as he published a glossy 60-page “roadmap” for…