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FXStreet - The Forex Market

EUR/USD picks up pace ahead of ECB

Fed's Warsh: There is no soft inflation target

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AUD/USD clinches five-week highs; focus is on 0.7100

Gold hovers around $4,050 after Fed's announcement

Bitcoin and Gold Forecast: BTC bulls hold $80K as XAU defends $4,000 ahead of Fed

Fed's recap: A cautious hold with a clear warning on inflation

The Federal Reserve (Fed) held its policy rate steady at 3.75%-4.00%, but it wasn’t a unanimous decision. Among two officials who wanted a 25-basis-point hike were Lisa Cook and Beth Hammack, while Chair Kevin Warsh said the Fed would use the coming flow of information to decide whether further action is needed. The statement presented a resilient economy.

Latest News

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Alphabet tanks to April levels on quarterly miss

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Ethereum gains 1% after Fed hold as Coinbase Premium stays negative

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1 hour ago

Australian Dollar surges as US Dollar weakens despite Warsh's comments

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More News

Japanese Yen recovers modestly as Warsh reaffirms Fed’s 2% target

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Gold slips as Warsh questions tight Fed policy, defends 2% target

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British Pound turns higher as Warsh stresses price stabiity

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Forex Today: What if the ECB…?

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Fed's Warsh: There is no soft inflation target

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Canadian Dollar jumps as Fed Chair Warsh says Fed hikes are working

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Dollar Index slides as Fed Chair Warsh puts no date on price stability

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In-Depth Analysis

Anthropic pledged $270 billion to Amazon, Google, and Microsoft. Here's who actually gets paid

Anthropic owes Amazon, Google, and Microsoft at least $269.4 billion for computing power, even if it uses less. All three sell its models and handle its billing, and Amazon and Google own stakes and lend it money, so they get paid regardless of how the IPO goes. The Dario Amodei-led Anthropic filed its initial public offering (IPO) on Monday, seeking a listing on the Nasdaq under the ticker ANT.

Everyone who bought Gold near $4,000 is holding their breath right now

The Japanese Yen's Friday hinges on one press conference

BoC recap: Rates up... and another one on the cards?

The Bank of Canada (BoC) raised its overnight rate by 25 basis points to 2.5%, warning that higher-for-longer energy prices and stronger cost pass-through could keep inflation elevated. Governor Tiff Macklem said another increase may be needed, although the Governing Council remains cautious and has not set a predetermined path.

Everyone's bracing for a hawkish central bank week. Here's why the surprise could be dovish

The French bond panic is overdone. Here's what the market is misreading

Cryptocurrencies

XRP recovery stalls as Ripple and Robinhood expand partnership scope

Technically, XRP is still in the woods, with the 50-day EMA limiting the token’s recovery potential. Ripple (XRP) faces short-term hurdles, trading around $1.33 on Wednesday.

Bitcoin reclaims $81,000 as traders await Fed policy decision, Big Tech earnings

Bitcoin reclaims $81,000 on Wednesday, extending its recovery as investors await the Fed’s policy decision and upcoming Big Tech earnings. Spot Bitcoin ETFs record an inflow of $175.99 million on Tuesday, marking a second consecutive day of inflows.

Crypto Today: Bitcoin, Ethereum, XRP recover ahead of Fed decision

Bitcoin has renewed its advance above $81,000 on Wednesday, lifting sentiment across the cryptocurrency market ahead of the upcoming Fed's interest rate decision. Ethereum follows in Bitcoin’s footsteps. Ripple is similarly edging higher above $1.33.

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Stocks

Tech stocks surge, and UK Budget looms

It’s UK Budget day, and the chancellor will unveil his tax and spending plans at approximately 1230pm. It is widely expected to be a ‘steady as she goes budget’ and few surprises are expected. In the lead up to the budget, global stocks are rallying led by tech and the oil price is higher by more than 1% and Brent crude is back above $111 per barrel.

Weekly Forecast

EUR/USD: Next bounce could be a trap

The single currency alternated gains and losses against the US Dollar (USD) this week, prompting EUR/USD to stabilise around the 1.1200 neighbourhood on Friday, while remaining unable to sustain its earlier bull run toward the 1.1260 zone. On the monthly chart, the second drop in a row appears almost unavoidable.

What would a Republican sweep mean for Gold and Treasury yields?

The United States midterm elections, scheduled for November 3, could trigger a major repricing of the US Dollar, Treasury yields, and Gold, but the outcome is not predetermined.

Gold: Inflation fears attract bears ahead of critical Fed meeting

Bitcoin extends pullback as ETF inflows clash with risk-off sentiment

Bitcoin remains under pressure, trading around $81,800 on Friday, recording modest losses so far this week. Despite a mild pullback, institutional demand showed signs of a comeback with spot Exchange Traded Funds recording $442.67 million in net inflows through Thursday.

Americans have never felt this broke, and the stock market is at a record. Both are true

The University of Michigan's consumer sentiment index was 48 for October, the second-lowest reading since 1952, and the S&P 500 is within 2% of a record. The rule that record gloom precedes a 20% rally only worked after a crash, and there hasn't been one.