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Editors’ Picks
EUR/USD maintains its bullish bias near 1.1500, Fed eyed
EUR/USD advances modestly on Fed-day, hovering around the 1.1500 zone against the backdrop of a tepid retracement in the US Dollar. Market participants, in the meantime, remain cautious ahead of the Fed’s interest rate decision later in the European evening.
GBP/USD looks consolidative around 1.3450, Dollar stays offered
GBP/USD now seems to have embarked on a consolidative range in the mid-1.3400s as investors continue to digest the recently released UK inflation data, while the soft performance of the Greenback so far underpins Cable’s daily uptick.
Gold extends its sidelined mood around $3,400 prior to the FOMC event
Gold trades with a positive bias and now appears flat near the $3,400 mark per troy ounce on Wednesday. Rising geopolitical tensions in the Middle East, along with continuing trade-related uncertainty, continue to weigh on market confidence and help the precious metal contain its losses ahead of the Fed rate announcement.
Federal Reserve expected to stand pat as markets look for hints of potential interest rate cuts
Market participants widely anticipate the US central bank to leave policy settings unchanged for the fourth consecutive meeting, after cutting the interest rate by 25 basis points (bps) to the 4.25%-4.50% range in December.
Bitcoin, Ethereum and XRP defend key support on sixth day of Israel-Iran war, what to expect
Bitcoin (BTC), Ethereum (ETH), and XRP are holding steady above key support levels. The top three cryptocurrencies have weathered the geopolitical tension and macroeconomic events of the past week.