High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives,...
News filtering in of a fresh round of US strikes on Houthi targets in Yemen – unconfirmed
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JP Morgan forecast the first FOMC rate cut in June, but are wavering on perhaps May
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives,...
US Dollar Looks to Jobs Data After Fed; Setups on Gold, EUR/USD, USD/JPY, GBP/USD
Trade Smarter - Sign up for the DailyFX Newsletter Receive timely and compelling market commentary from the DailyFX team Subscribe to Newsletter Most Read: Fed Holds Steady, Ditches Tightening Bias; Gold and US Dollar on the MoveThe Federal Reserve on Wednesday...
BoA says Powell hoodwinked the markets – all fooled by ‘Maradona Theory of Interest Rates’
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives,...
A warning that the Federal Reserve could be forced hike rates, not cut
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives,...
Australia Final January Manufacturing PMI 50.1 (prior 47.8) – with a warning on inflation
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives,...
UK authorities seized 61,000 BTC (around US$1.8bn) re investment scam operated in China
UK authorities seized 61,000 BTC valued at approximately £1.4 billion (or $1.78 billion) related to an investment fraud that operated in China, the Financial Times reported. The FT is gated but other outlets have picked it up. How is BTC involved in all this?Zhimin...
Asian Economic Calendar: Key Events and Consensus Expectations for 01 February 2024
Y'all finished with playing the headline ping pong on the FOMC and Mr. P? "We're gonna cut, but not yet, so just calm down!" is the central message.OK then. Over to Asia for some continuation. After this lead-in from Wall Street China is going to have a shocker on the...
Trade ideas thread – Thursday, 1 February, insightful charts, technical analysis, ideas
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Stocks tumble as Powell tells markets that March is not the base case for cuts.
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Forexlive Americas FX news wrap: Fed holds. The market shows it’s hanging on each headline
Markets:Gold down $3 to $2033US 10-year yields down 7.3 bps to 3.98%WTI crude oil down $1.92 to $75.90S&P 500 down 1.6%JPY leads, AUD lagsToday truly underscored that this is a market that's hanging on every headline.There were 4-5 chapters to the story today. It...
A review of the Fed Chair comments during his press conference by topic
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US stocks moved lower after Fed says a March cut is not the base case
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Powell: I don’t think it’s likely we will have enough confidence to cut in March
The US dollar jumped as Powell said that a March cut isn't the base case and that it's unlikely they will get enough confidence to cut in March. He later added that if jobs are weak, the timeline for cuts could move up.Prior to the FOMC statement, the market was...
Powell Q&A: We want to see a continuation of good inflation data to gain confidence
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The dollar tilts modestly to upside after FOMC decision.What are the technicals saying?
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Powell opening statement: It will likely be appropriate to cut at some point this year
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US dollar climbs on the FOMC statement. Eyes now turn to Powell
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The full statement from the January FOMC rate decision
The full statement from the January 2024 Federal Reserve meeting:January 31, 2024Federal Reserve issues FOMC statementFor release at 2:00 p.m. ESTRecent indicators suggest that economic activity has been expanding at a solid pace. Job gains have moderated since early...