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United States Fed Interest Rate Decision meets forecasts (3.75%)
United States Fed Interest Rate Decision meets forecasts (3.75%)
United States Monthly Budget Statement registered at $-173B above expectations ($-205B) in November
United States Monthly Budget Statement registered at $-173B above expectations ($-205B) in November
EUR/USD climbs as Fed rate cut expectations pressure US Dollar
EUR/USD posts modest gains on Wednesday as the last monetary policy meeting by the Federal Reserve (Fed) looms, with investors seeming confident that the central bank will reduce rates. Consequently, the Greenback is pressured as seen by the pair, which trades at 1.1658 up 0.27%.
WH Economic Adviser Hassett: Stronger data could support 50 basis point cut
White House Economic Adviser Kevin Hassett stated that the Federal Reserve (Fed) has plenty of room to cut rates this month and will likely need to do so again.
WTI steadies ahead of Fed decision after EIA reports 1.8M barrel draw
West Texas Intermediate (WTI) Crude Oil steadies on Wednesday, trimming part of its earlier losses as traders react to the latest US Energy Information Administration (EIA) report. At the time of writing, WTI is trading around $58.00, rebounding after hitting an intraday low of $57.54.
Pound Sterling Price News: GBP/USD firms as dovish repricing for Fed and BoE boosts upside momentum
The Pound Sterling (GBP) advances during the North American session on Wednesday as the US Dollar (USD) weakens on the expectation that the Federal Reserve (Fed) will cut rates later in the day. At the time of writing, GBP/USD trades at 1.3336 after bouncing off daily lows of 1.3296. Read More...
Gold slips as markets brace for Fed’s decision, Powell’s presser
Gold (XAU/USD) posts modest losses on Wednesday with traders bracing for the Federal Reserve’s (Fed) monetary policy decision, along with Fed Chair Jerome Powell's press conference. At the time of writing, XAU/USD trades at $4,197 after reaching a daily peak of $4,218.
Gold steadies as Fed verdict looms
Gold (XAU/USD) holds firm on Wednesday, with price action contained inside the recent consolidation zone as markets brace for the Federal Reserve’s (Fed) interest rate decision. At the time of writing, XAU/USD is hovering near $4,204, down from the intraday high of $4,218.
Summary of the BoC event: Economic resilience and data-dependent stance
As widely anticipated, the Bank of Canada (BoC) kept its benchmark interest rate at 2.25% at its event on Wednesday.
BoC Governor Macklem: We still think growth will be modest
Governor Tiff Macklem took questions from reporters, offering more detail on the central bank’s thinking. His remarks followed a widely expected decision to leave the policy rate unchanged at 2.25%.
Russia Consumer Price Index (MoM): 0.42% (November) vs previous 0.5%
Russia Consumer Price Index (MoM): 0.42% (November) vs previous 0.5%
GBP/USD firms as dovish repricing for Fed and BoE boosts upside momentum
The Pound Sterling (GBP) advances during the North American session on Wednesday as the US Dollar (USD) weakens on the expectation that the Federal Reserve (Fed) will cut rates later in the day. At the time of writing, GBP/USD trades at 1.3336 after bouncing off daily lows of 1.3296.
United States EIA Crude Oil Stocks Change came in at -1.812M, below expectations (-1.2M) in December 5
United States EIA Crude Oil Stocks Change came in at -1.812M, below expectations (-1.2M) in December 5
USD/CAD strengthens after BoC keeps policy steady; Fed in the spotlight
The Canadian Dollar (CAD) trades under pressure against the US Dollar (USD) on Wednesday as markets digest the latest interest rate decision from the Bank of Canada (BoC).
Unilever (UL) tests its line in the sand: Will the consumer giant hold or fold?
Unilever PLC (UL), the multinational consumer goods powerhouse behind brands like Dove, Hellmann's, and Ben & Jerry's, just delivered one of those chart moments that separates the patient traders from the impulsive ones.
Pound Sterling Price News and Forecast: GBP/USD holds tight range with mild bearish bias
The Pound Sterling (GBP) trades 0.16% higher to near 1.3320 against the US Dollar (USD) during the European trading session on Wednesday. The GBP/USD pair gains as the US Dollar drops slightly amid caution ahead of the Federal Reserve’s (Fed) monetary policy announcement at 19:00 GMT. Read more...
Equities report: The Fed, NVIDIA, Netflix and Meta under focus
US equities remained relatively stable since our last report, yet a number of issues tend to tantalise the markets.
Hawkish as hawkish be
S&P 500 lured bulls in as called, and then prices started to drift lower – not before clients‘ long gains were secured. Also that BTC spike gave way, which is so similar to the risk-off sentiment coming back before the closing bell.
Is BCOSX a strong bond fund right now?
If you've been stuck searching for Diversified Bonds funds, consider Baird Core Plus Bond Investor (BCOSX - Free Report) as a possibility. BCOSX holds a Zacks Mutual Fund Rank of 2 (Buy), which is based on various forecasting factors like size, cost, and past performance.
Canada BoC Interest Rate Decision meets expectations (2.25%)
Canada BoC Interest Rate Decision meets expectations (2.25%)
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