Forex Top Team

USD Bought Following the FOMC, and Today’s Bank of England Monetary Policy Announcement

Following yesterday’s FOMC meeting, the USD has been bought. While the policy interest rate remained unchanged, the interest rate forecasts of FOMC members indicated one more rate hike by the end of the year, and expectations for higher interest rates next year also shifted upwards. Chairman Jerome Powell’s press conference also reflected a hawkish stance. […]

Waiting Continues, Impact of Crude Oil Highs – USD/JPY Firmly at 147 Yen

As we approach the release of the results of tomorrow’s FOMC meeting, the early part of the week is likely to continue with a wait-and-see stance. USD/JPY has risen into the 147 yen range, and trading is consolidating in this range amid mixed buying and selling. One notable development is the rise in crude oil […]

At the ECB Council, Market Sentiment Shifts Towards Interest Rate Hike Pause, Leading to Euro Selling – Confirmation Expected in Today’s ECB President’s Speech

This week brings a lot of market-moving events, including the US FOMC, the Bank of England, Switzerland and Turkey, China’s policy rate, and the Bank of Japan announcing their policy interest rates among major countries. However, until Wednesday’s US FOMC meeting, there’s a lack of major events. Traders are beginning the week with a wait-and-see […]

Euro Weakens as ECB Raises Key Interest Rates

The ECB has increased its key interest rates by 25 basis points. Initially, there was a surge in the Euro as the market had been evenly split between expectations of a rate hike and no change. However, the Euro’s strength was short-lived, and it quickly turned into a selling spree. In the ECB staff’s outlook, […]

U.S. CPI today, ECB Governing Council meeting tomorrow

Today’s focal event is the release of the August US Consumer Price Index (CPI). Market expectations are for an increase, with a forecasted month-on-month change of +0.6% and a year-on-year change of +3.6%. However, the core index is expected to show a more modest increase, with a month-on-month change of +0.2% and a year-on-year change […]

No clue today ahead of tomorrow’s U.S. Consumer Price Index

  In anticipation of tomorrow’s release of the US Consumer Price Index for August, the market is facing uncertainty today. This CPI report is of particular interest for future actions by US monetary authorities in the autumn. The prevailing market consensus ahead of the September FOMC meeting leans heavily toward no change in policy rates. […]

Canada’s August Unemployment Rate Matches Expectations, Strong Job Growth Lifts the Canadian Dollar

Canada’s unemployment rate for August remained at 5.5%, matching expectations and defying predictions of a rise from July. Job growth for the month was impressive, with an increase of 39,900 employed individuals, a significant improvement from July’s decrease of 6,400. This better-than-expected job growth indicates an improvement in Canada’s labor market. The positive employment-related data […]