USD/CAD oscillates inside Thursday’s trading range around 1.4330. The Fed is in no hurry to move to interest rate cuts amid elevated consumer inflation expectations. Market experts see the BoC reducing interest rates again in April. The USD/CAD pair ticks higher to near 1.4330 in European trading hours on Friday but remains inside Thursday’s trading…
The Federal Reserve is expected to leave the policy rate unchanged for the second consecutive meeting. The revised Summary of Economic Projections could offer key clues about the policy outlook. The US Dollar could recover if the Fed downplays growth concerns. The United States (US) Federal Reserve (Fed) will announce monetary policy decisions and…
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The balance of risk around the U.S.’s growth may be shifting, but government data still shows a strong economy and that will likely lead the U.S. Federal Reserve to stand pat on interest rates on Wednesday. At the recent U.S. Monetary Policy Conference in Chicago, Chair Jerome Powell said that “despite elevated levels of uncertainty,…
Risk sentiment showed signs of stabilization in the US overnight, with S&P 500 and NASDAQ posting gains. However, stocks are merely digesting recent steep losses rather than having a decisive turnaround. The reaction to lower-than-expected US consumer inflation data was relatively muted. The market’s cautious interpretation of the data is justified, as the latest CPI…
Trade war gathers pace as Trump slaps tariffs on Canada, Mexico and China. But US dollar starts to wobble as cracks appear in US economy. Growing concerns about Trump’s policies also weigh on US outlook. Not a bluff, as Trump proceeds with tariffs US President Donald Trump went ahead this week with his pledge to…
EUR/USD rises to near 1.0850 as the US Dollar weakens amid accelerating concerns over the US economic outlook. US President Trump’s policies are expected to slow down the US economic growth. ECB’s Centeno expects that Eurozone inflation is almost out of the woods. EUR/USD trades firmly around 1.0850 after recovering early losses in Monday’s European…
Federal Reserve (Fed) Board of Governors member Adriana Kugler hit newswires with cautionary comments on Friday that whiplash trade policies could do a lot of damage, including pinning inflation at a persistently higher level. Key highlights It is possible that we’ll see more persistent inflation due to policies. I am paying a lot of attention…
Gold price holds steady near a one-week high, and lacks bullish conviction. Trade war fears, Fed rate cut bets, and a bearish USD support the XAU/USD pair. A positive risk tone caps the commodity ahead of the US NFP report on Friday. Gold price (XAU/USD) struggles for a firm direction during the Asian session and…
GBP/USD surges as weak US data fuels Fed rate-cut bets The Pound Sterling (GBP) extended its gains versus the US Dollar (USD) on Wednesday, as market participants punished the latter. Market participants priced in additional monetary policy easing by the Federal Reserve (Fed). United States (US) data shows the economy is weakening, with businesses and consumers turning…