Dollar retreats on rate cut optimism; euro close to multi-year high
Dollar retreats on rate cut optimism; euro close to multi-year high
Source link
Similar Posts
EUR/USD pulls back from weekly highs awaiting the release of flash PMIs | FXStreet
EUR/USD posts moderate losses, trading near 1.1730 at the time of writing on Friday, but holding most of the previous day’s gains and on track for its strongest weekly performance since June. The US Dollar (USD) has been hit by US President Donald Trump’s obsession with acquiring Greenland, while the market braces for the release…
SNB Held Off on Negative Rates Despite Weakening Inflation, CHF Higher
As expected, the Swiss National Bank (SNB) kept interest rates on hold at 0.00% during their December meeting, despite inflation hitting the bottom of its target range. SNB policymakers emphasized their commitment to avoiding negative interest rates and signaled that monetary policy could remain at its current state for an extended period. Key Takeaways SNB…
FX Watch: CAD/CHF And EUR/CAD’s Support Levels In Case Of A CAD-bullish BOC Event
Our Event Guide for the upcoming BOC decision suggests that Governor Macklem and his team will cut interest rates further in October. But the central bank’s moves may be priced in, leading to potential rallies for the Canadian dollar after the BOC’s event. Here’s why CAD/CHF and EUR/CAD may present legit opportunities in…
How Accurate Is AI Geopolitical Risk Forecasting for Forex? – Edge-Forex
In 2025, the Forex market is no longer just about interest rates, inflation data, and trade balances. It’s about understanding political shockwaves, military buildups, energy wars, and unexpected diplomatic tensions. Traders today need to decode complex global events in real time—and that’s where AI geopolitical risk forecasting enters the scene. AI geopolitical risk forecasting is…
The British Index UK100 hit a new all-time high. The Australian dollar strengthened, reaching a three-week high
On Tuesday, US stock indices continued their ascent. The Dow Jones (US30) Index rose by 0.34%. The S&P 500 (US500) gained 0.23%. The technology-heavy Nasdaq (US100) closed up by 0.74%. All three indices set new historical highs amid expectations that the Fed would cut its rate by 25 basis points (bps) on Wednesday, a move…
Week Ahead: US500 bulls set to charge 7,000 milestone?
FXTM’s US500 ↑ 1% YTD Trading less than 1% away from 7,000 milestone Fed decision + big tech earnings = market action? “Mag 7” titans = almost 34% of US500 weight Technical levels: 6800, 6950 and 7000 The final trading week of January could end with a bang thanks to a volley of high-impact events….
