Fed trims rate cut bets as inflation forecast rises. USD reclaims ground on hawkish projections, while US equities rally on lower yields despite hotter inflation outlook
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US CPI posted encouraging figures, acting as a release valve for the dollar and lingering concerns of accelerating price pressures. This is how major assets shape up pre-FOMC
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The latest US CPI report missed all market forecasts and sent the US dollar index spinning lower. Later today, the FOMC meeting and economic projections.
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UK growth flatlined in April, adding to the woes of yesterday's concerning jobs data. GBP/USD will be data dependent today as markets await crucial US CPI and the FOMC forecasts
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Today’s US inflation data for May and the latest FOMC policy decision, including the quarterly Summary of Economic Projections, will be the drivers of market price action over the coming weeks.
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Risk markets are on the backfoot as US trading starts, with European indices continuing this week’s move lower. Gold has stabilized and is using chart support to push higher.
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As the US dollar continues to strengthen against the Japanese Yen, all eyes are now on the Bank of Japan’s monetary policy meeting on Friday.
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UK job losses accelerated in May by over 50,000 – the most since February 2021 while pay growth rose. The Bank of England meets next week to set interest rates
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Stubborn inflation and a robust labour market are likely to add to concerns FOMC members are having around cutting interest rates prematurely. Even growth is on track for a recovery
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The Federal Reserve held interest rates unchanged for the sixth consecutive meeting, in line with expectations. Powell may offer more clues about the policy outlook during his press conference.
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It seems highly likely that Tokyo intervened to boost the Yen this week. But, if it did, it didn’t get much for its money.
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The Euro is struggling against the a resurgent US dollar as rate cut expectations between the two continue to widen. Today’s FOMC may underpin thoughts that the Fed is comfortable with rates staying higher for longer.
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Increased US employment costs over the last three months rose above the maximum estimate, lifting USD and adding to recent price pressures. Will the Fed respond?
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This article offers an exclusive preview of the upcoming Fed monetary policy announcement scheduled for Wednesday. Furthermore, we examine the technical outlook for gold prices and the S&P 500.
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Oil prices dropped after the EIA revised total US oil demand (Feb) higher. A surprise in US employment costs also sparked a rise in USD, weighing on oil
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Sterling has benefitted from increased risk appetite, but its rise seems to be losing a bit of steam
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Largely positive German and EU growth data has the euro making up some lost ground, preparing the landscape for the highly anticipated ECB’s cut in June
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Risk assets continue to push ahead, albeit in quiet trading conditions, ahead of the latest Fed policy decision and the monthly US Jobs Report
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This article explores the fundamental and the technical outlook for the U.S. dollar, zeroing in on three popular and very liquid pairs: EUR/USD, GBP/USD and USD/CAD.
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