Ready to Get Started?
Start here. Join over 3M Libertex users around the world!
Dollar slips a little after Fed remains on hold - check out the EUR/USD
The US Federal Reserve policy voting committee; the FOMC have just decided to keep all their benchmarks on hold, with the Fed Funds rate remaining in between 5.25% and 5.50%. This was very much the expected outcome and as such it has not surprised the markets. However, the policy statement that has immediately accompanied the decision is has not been changed to that of a more hawkish bias. Some analysts had expected something of a change there and it has not materialised. The Dollar has slipped a little on this and the GBP/USD is now back above the 1.25 handle, but the EUR/USD is still south of 1.07, despite moving a little higher on this news. The markets will probably now wait to see what the Fed boss, Jerome Powell has to say in his 6.30pm GMT press conference. The EUR/USD is currently trading at 1.0693
Market News
All News-
US consumer confidence and Richmond Fed both miss estimates- EUR/USD edges higher
The earlier noted US economic releases (consumer confidence, new home sales and the Richmond Fed index) have just hit the screens. As noted earlier... -
USD/JPY clumped again into the US stock markets open
Just as the US stock markets prepare to reopen for live trade, the USD/JPY took another hit. It has already given up on the 150 handle since the last... -
If the S+P 500 has peaked cyclically then here is what might unfold (part 2)
Following on immediately from the previous (part 1) update looking at the prospect of the S+P 500 peaking cyclically, we should look at the next...
