How will Cable react as the services PMIs impact on trading? What are the key levels to watch out for?

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EUR/USD drops to near 1.0650 ahead of Fed policy

EUR/USD drops to near 1.0650 ahead of Fed policy

EUR/USD continues its decline for the second consecutive day, hovering around 1.0650 during Asian trading hours on Wednesday. With European markets largely closed for Labour Day, investors are expecting the Federal Reserve's latest policy decision.

EUR/USD News

GBP/USD holds below 1.2500 ahead of Fed rate decision

GBP/USD holds below 1.2500 ahead of Fed rate decision

The GBP/USD pair holds below 1.2490 during the early Wednesday. The downtick of the major pair is supported by the stronger US Dollar amid the cautious mood ahead of the US Federal Reserve's interest rate decision later on Wednesday. 

GBP/USD News

Gold sellers keep sight on $2,223 and the Fed decision

Gold sellers keep sight on $2,223 and the Fed decision

Gold price is catching a breather early Wednesday, having hit a four-week low at $2,285 on Tuesday. Traders refrain from placing fresh directional bets on Gold price, anticipating the all-important US Federal Reserve interest rate decision due later in the day.

Gold News

Ethereum dips below key level as Hong Kong ETFs underperform

Ethereum dips below key level as Hong Kong ETFs underperform

Ethereum experienced a further decline on Tuesday following a disappointing first-day trading volume for Hong Kong's spot Bitcoin and ETH ETFs. This comes off the back of increased long liquidations and mixed whale activity surrounding the top altcoin.

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Federal Reserve meeting preview: The stock market expects the worst

Federal Reserve meeting preview: The stock market expects the worst

US stocks are a sea of red on Tuesday as a mixture of fundamental data and jitters ahead of the Fed meeting knock risk sentiment. The economic backdrop to this meeting is not ideal for stock market bulls. 

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