EUR/USD declines to 1.0430 on Wednesday, marking its third consecutive daily loss. The pair has already shed more than 0.50% over the course of the week. RSI drops to 53, signaling fading bullish momentum, while MACD histogram shows decreasing green bars. The EUR/USD pair continued to pull back on Wednesday, shedding another 0.17% to trade around … Read more
The Minutes of the Fed’s January 28-29 policy meeting will be published on Wednesday. Details surrounding the discussions on the decision to keep policy settings unchanged will be scrutinized by investors. Markets see virtually no chance of a 25 bps Fed rate cut in March. The Minutes of the United States (US) Federal Reserve’s (Fed) … Read more
GBP/USD falls 0.21% as Trump’s tariff threats fuel safe-haven demand. UK CPI jumps to 3%, exceeding forecasts, but BoE’s easing path remains intact. FOMC minutes in focus as Fed signals no rush to cut rates. The Pound Sterling retreated below 1.2600 during the North American session as housing data in the United States was mixed, … Read more
The US Dollar edges slightly higher on Wednesday, not making any big moves. US President Donald Trump adds pharmaceuticals and semiconductors into the tariff family. The US Dollar Index (DXY) recovers above 107.00 and is still looking for direction this week. The US Dollar Index (DXY), which tracks the performance of the US Dollar (USD) … Read more
RBNZ cuts OCR to 3.75%, signalling more front-loaded easing. We see 50bps of cuts in Q2 (25bps prior), 25bps in Q3 (unchanged), and a pause in Q4 (25bps cut prior). Output gap deteriorates sharply, reinforcing the case for further easing in 2025. NZD reaction muted, with markets largely pricing in the move, Standard Chartered’s analysts … Read more
Gold jumps higher for a third straight day in a row and hits a new all-time high on Wednesday. US President Donald Trump blamed Ukraine and committed again to several tariffs. Technically, Tuesday’s daily close above $2,910 worked, boosting the Gold price to a fresh all-time high. Gold’s price (XAU/USD) sees its winning streak going … Read more