GBP/USD trades cautiously below 1.3100 with FOMC minutes on the horizon
The GBP/USD pair trades with caution below the crucial resistance of 1.3100 in Wednesday’s London session. The Cable remains ...
Oil: Fed is not overly worried about inflation – ING
“Brent fell 4.6% to $77.18/barrel, erasing Monday’s 3.7% rise to 80.93. While oil prices have risen from the year’s low, they are still below levels a year ago, another reason why the Fed is not ...
AUD/USD: Expected to trade in a range between 0.6725 and 0.6780 – UOB Group
The Australian Dollar (AUD) is expected to trade in a range between 0.6725 and 0.6780. In the longer run, AUD is expected to continue to weaken, albeit likely at a slower pace. The next level to watch ...
Everything can change in Minutes – DBS
“Today’s FOMC Minutes should echo New York Fed President John Williams’ confidence that inflation was moving towards the 2% target because the US economy and the labour market were getting back in ...
ECB’s Kazaks: Rate cuts are necessary as the economy is weak
The European Central Bank (ECB) policymaker Martins Kazaks spoke on the central bank’s interest rate outlook on Wednesday, ...
EUR/USD Forecast: Euro bears refuse to give up control
Meanwhile, European Central Bank (ECB) policymaker and Slovakian central bank Governor Peter Kazimir said on Wednesday that ...
USD: Awaiting the Fed minutes – ING
The US Dollar (USD) is staying relatively bid as the market digests the factors that have driven it 2% higher this month. These have largely been the intensifying conflict in the Middle East and ...
EUR/USD weakens as ECB expected to cut interest rates further by 50 bps
EUR/USD skates on thin ice near the eight-week low of 1.0950 in Wednesday’s European session. The major currency pair stays ...
Sentiment-driven and volatile amid competing cross currents – DBS
The Dollar Index (DXY) ended Tuesday barely changed at 102.54 after trading below and above Monday’s range of 102.37-102.62, DBS’ FX strategist Philip Wee notes. “DXY initially fell to a low of 102.29 ...
Oil prices deflate while geopolitical tensions are anchored
Oil prices continue to deflate while war tensions are very much anchored in place between Iran and Iraq. There is no doubt ...
USD/CAD advances to 1.3675 area, highest since August 19 ahead of FOMC minutes
USD/CAD gains positive traction for the sixth successive day amid renewed USD buying. The USD/CAD pair scales higher for the ...
ECB's Kazimir: Key information will be in December
"Key information will be in December," Kazimir further added and reiterated that it is important for them to have certainty that they will not have to revise their policy steps later. These comments ...