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Tag: fed officials

US Dollar Index climbs to fresh two-month top ahead of the key US PCE data

DXY regains positive traction amid some repositioning ahead of the US PCE Price Index.  The recent hawkish comments by Fed officials back the case for...

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Is this the end of Bitcoin bull market? Top analysts issue dire warning

Bitcoin price fails to build upside momentum despite spot Bitcoin and Ethereum ETFs. The delay in US Fed rate cuts caused crypto investors to lose...

US Dollar faces downwards pressure on soft Retail Sales

US Dollar lost ground on lower-than-anticipated Retail Sales figures, which fuel dovish bets on the Fed. Markets are digesting comments from Fed officials for placing...

AUD/USD Outlook: Aussie Gains Following RBA Policy Meeting

The Reserve Bank of Australia held rates at 4.35% on Tuesday. Australia’s inflation is at 3.6%, well above the central bank’s target. Economists expect the US...

Gold price rallies on weak US inflation despite hawkish Fed tilt

Gold soars above $2,330 as investors bet on Fed rate cuts later this year. Risk aversion due to European political turmoil boosts demand for safe-haven...

US Dollar gains further ground despite soft PPI data

DXY rallies further following Federal Reserve's decision, trades above 105.00. US releases soft PPI figures from May and higher weekly Initial Jobless Claims. US Treasury yields...

GBP/USD Outlook: Pound Retreats After CPI-Led Gains

Data revealed that US consumer prices remained unchanged in May. Experts believe the downtrend in inflation could continue as major US retailers slash goods prices. After...

AUD/USD Forecast: Dollar Bounces Back Post-FOMC

The dollar plunged on Wednesday after softer-than-expected consumer inflation data. Fed policymakers projected only one rate cut in 2024. Data on Thursday showed a bigger-than-expected increase...

US CPI and FOMC Rate Decision – EUR/USD and USD/JPY Technical Analysis – MarketPulse

This week, financial markets are focused on the...

Forexlive Americas FX news wrap 31 May: US PCE doesn’t scare. Yields lower. US down and up | Forexlive

The big event of the week was the US core PCE data. The core PCE is the Fed's favored measure of inflation. Expectations were...

Mexican Peso recoups earlier losses vs USD after US growth slows

The Mexican Peso reverses earlier losses against the US Dollar after Q1 US GDP is revised down.  Several analysts say MXN has peaked and is...

EUR/USD rebounds strongly as US Dollar weakens ahead of Eurozone/US inflation data

EUR/USD rebounds after slipping below 1.0800 as the US Dollar corrects sharply. The ECB is widely anticipated to deliver a rate-cut move in June’s policy meeting. The...

Gold price stays strong yet hovers at around $2,350

Gold price rises close to 1% after bouncing off two-week low of $2,325. Strong US economic data dampens hopes for Fed easing, pressured Gold prices...

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