Is the window open for the Fed? Trading the FOMC decision

AUD/USD manages to regain composure and trim a big chunk of the earlier drop, re-shifting its attention to the 0.7100 hurdle ahead of the opening bell in Asia. The pair’s decline follows the marked improvement in the Greenback, which is in turn propped up by safe haven demand on the back of the deteriorating geopolitical scenario in the Middle East.
 

Following an early pullback to multi-week lows near 1.1670, EUR/USD now manages to reclaim the 1.1700 region as the NA session draws to a close on Monday. The steep retracement in spot follows the equally strong move higher in the US Dollar, as investors continue to assess the geopolitical landscape in the wake of the US and Israel attacks on Iran.

 

Gold now surrenders part of the earlier advance, reshifting its attenton to the $5,300 zone per troy ounce at the beginning of the week. Indeed, the yellow metal’s firm performance appears propped up by incresing geopolitical jitters in the Middle East, which at the same time fuels the demand for the safe-haven space.

Ethereum (ETH) treasury firm BitMine Immersion (BMNR) bought another 50,928 ETH last week, sending its stash of the top altcoin to 4.47 million ETH worth about $8.9 billion at the time of publication.

AI is moving from earnings calls into the heart of monetary policy discussions, forcing Federal Reserve officials to confront a new question: How to act if AI reshapes inflation, employment and interest rates at the same time?

The United States, allied with Israel, struck Iran over the weekend, killing Iran’s Supreme Leader, Ayatollah Ali Khamenei. In retaliation, Iran launched missile and drone attacks targeting US military bases across several nations, with attacks from both parties still ongoing, fueling a geopolitical crisis.