EUR/USD – Fireworks Expected from the Final Fed Meeting of the Year

Gold price rose during early trading on Wednesday, after being stuck within a narrow congestion in past three days. Fresh strength hit the highest in almost two weeks, though the wider picture shows the price moving within larger range ($2368/$2286) for the past couple of weeks. Traders look for fresh direction signals, with Fed monetary […]

Markets Fed’s Powell’s semi-annual appearance before the Financial Services Committee of the House of Representative didn’t bring more specifics on the start of the Fed easing cycle s. The Fed Chair noticed considerable progress toward reaching the 2% goal and the Fed is likely to begin dialing back policy restraint at some point this year, […]

A week rich in macroeconomic data contributed to the decline of the euro, yen, and pound. Notably, the following events were significant: Inflation falling for the second consecutive month (0.2% against the expected 0.3%); The publication of the updated forecast from the Federal Reserve (one reduction in the federal funds rate by 0.25%, presumably in […]