EUR/USD rallies nearly 1% as Powell signaled policy flexibility and acknowledged downside risks in the US labor market. Traders boosted odds of a 25 bps Fed cut in September to 90%, up sharply from 72% on Thursday. Outcome hinges on Core PCE, CPI, and Nonfarm Payrolls before September, with risks skewed toward inflationary pressures. EUR/USD …
EUR/USD surges above 1.17 as Powell hints at September Fed cut Read More »
The Dow Jones shattered price records on Friday, hitting above 45,700 for the first time ever. Equities and general risk appetite soared after Fed Chair Powell made a dovish appearance. A September rate cut looks like a sure thing, bolstering general market sentiment. The Dow Jones Industrial Average (DJIA) soared to new all-time highs on …
Dow Jones Industrial Average soars after Powell sounds dovish Read More »
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United States CFTC Gold NC Net Positions declined to $212.6K from previous $229.5K Read More »
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet …
United Kingdom CFTC GBP NC Net Positions up to £-25.2K from previous £-39.1K Read More »
Metaplanet currently holds around 18,888 Bitcoin, valued at over $2 billion. Key Takeaways Eric Trump plans to attend Metaplanet’s key shareholder vote in Tokyo focused on Bitcoin capital strategy. Metaplanet has accumulated over $2 billion in Bitcoin, with its shares surging 140% this year. Eric Trump, a member of Metaplanet’s Strategic Board of Advisors, plans …
Eric Trump plans to attend key Metaplanet vote on Bitcoin capital strategy Read More »
The ETF discussion is driving fresh energy across the crypto market, pushing investors to look beyond Bitcoin and Ethereum. Many traders are asking which are the best cryptos before ETF approval hype truly takes off. In this search, Cardano and Solana continue to attract strong attention thanks to their technical progress and growing institutional interest. …
Cardano, MAGACOIN FINANCE & Solana Highlighted as 3 Best Cryptos Before ETF Hype Read More »
“The nation’s finances have deteriorated” since President Trump took office, driven by sweeping legislative and trade policy changes, according to the Committee for a Responsible Federal Budget (CRFB). The nonpartisan watchdog noted that the Congressional Budget Office’s January 2025 budget outlook “already showed a worrisome fiscal outlook,” but developments since mean a widening deficit. The CRFB …
The US Dollar (USD) retains a firm undertone in quiet trade ahead of Powell’s remarks at 10ET. A rebound in risk appetite is giving a mild boost to EM FX, however, with the ZAR, KRW and MXN outperforming the core majors and the USD, Scotiabank’s Chief FX Strategists Shaun Osborne and Eric Theoret note. USD …
USD remains firm ahead of Powell remarks – Scotiabank Read More »
The Euro remains depressed amid generalised US Dollar strength in risk-off markets. Traders await Fed Powell’s speech for further insight into the central bank’s monetary policy plans. In Europe, a downwardly revised German GDP has increased pressure on the EUR. The EUR/USD is ticking up from lows but remains near two-week lows around 1.1600 ahead …
EUR/USD trims losses as the market braces for Fed Powells speech Read More »
GBP/USD: Friday correction after surge On Friday, the GBP/USD pair declined to 1.3401 after strong gains earlier in the week. The previous rally was triggered by July business activity data, which showed the best performance in a year, mainly supported by the services sector. The release came alongside fresh UK inflation statistics, which briefly lifted …
Pound Sterling Price News and Forecast: GBP/USD – Friday correction after surge Read More »