Author: FX

SlavkoSereda/iStock via Getty Images Crude oil futures finished lower Wednesday, edging off five-month highs after back-to-back session gains, weighed by strength in the U.S. dollar even after some gains were trimmed following the Federal Reserve’s policy announcement. The policy-setting Federal Open Market Committee kept its main policy rate target unchanged at a 5.25%-5.5% range and left its median estimate for rates by year-end at a level that implies three quarter-point rate cuts for 2024. The Fed’s rate decision was within expectations and the impact on oil markets was limited, oil analyst Andrew Lipow told Reuters. Meanwhile, the U.S. Energy Information…

The Federal Reserve Open Market Committee gave their latest monetary policy statement today, holding the target range at 5.25% to 5.5%, as widely expected. Read the Federal Reserve Statement Press release here The FOMC also released their “Summary of Economic Projections” (SEP), which showed  notable upward revisions of 2024 GDP (median moved from 1.4% to 2.1%) and the Core PCE inflation rate (from 2.4% in December to 2.6%). The SEP also included the closely watched Fed ‘Dot Plot’, which showed the majority of members seeing interest rates for 2024 falling to around 4.6%, and signaling only three rate cuts in…

Avanti Helium (OTCPK:ARGYF) announced on Wednesday a non-brokered private placement financing of up to 1.25M units at a price of $0.40/unit, for total proceeds of up to $500K. According to ARGYF, each Unit under the offering will consist of one common share and one share purchase warrant. The company expects some of its directors and officers to participate in the private placement. ARGYF plans to use the offering proceeds for various work related to its Helium Recovery Plant located on the Sweetgrass Pool in Montana, and for general working capital. Press Release More on Avanti Helium Corp. Source link

© Reuters. FILE PHOTO: Pedestrians walk past the Bank of Japan building in Tokyo, Japan March 18, 2024. REUTERS/Kim Kyung-Hoon/File Photo (Reuters) -The Bank of Japan is expected to hike the interest rate in either July or October, though an October hike is considered more likely, as it would give the BOJ around half a year to evaluate the impact, newspaper reported on Thursday. The central bank ended eight years of negative interest rates on Tuesday, making a historic shift away from its focus on reflating growth with decades of massive monetary stimulus. “Additional hikes are of course on the…

The BOE is dropping its March monetary policies this Thursday! Are members still waiting for more signs of an inflation slowdown? Or are they about ready to cut their interest rates? Read on to see what the markets are expecting and how GBP may react to the event! This Article Is For Premium Members Only Become a Premium member for full website access, plus get: Ad-free experience Daily actionable short-term strategies High-impact economic event trading guides Access to exclusive MarketMilk™ sections Plus More! Source link

FOMC DECISION – MARCH MEETINGThe Federal Reserve leaves interest rates unchanged at the end of its March meeting, in line with expectationsThe 2024 policy outlook remains the same, with the Fed still signaling 75 basis points of easing for the yearGold prices head higher as the U.S. dollar and yields take a turn to the downsideMost Read: UK Inflation Falls to a Two-Year Low, GBP/USD Stable for NowThe Federal Reserve on Wednesday left its benchmark interest rate unchanged at its current range of 5.25% to 5.50% after concluding its March policy gathering, keeping borrowing costs on hold for the fifth…

We’re getting the first scores for business activity in the Euro Area on Thursday! The PMI reports tend to affect EUR’s prices so you better pay attention to what the markets are expecting and how they may influence short-term price action before working on any euro plays! Here are points you need to know if you’re planning on trading the event: This Article Is For Premium Members Only Become a Premium member for full website access, plus get: Ad-free experience Daily actionable short-term strategies High-impact economic event trading guides Access to exclusive MarketMilk™ sections Plus More! Source link

AI imageThe market likes to focus on the dot plot because it’s the clearest indication of where the Fed plans to have its policy rate. That said, there’s an inherent uncertainty around the dots that doesn’t capture the Fed’s thinking.Maybe it’s better to focus on the Fed’s inflation mandate itself and where it sees prices going. In December, the Fed lowered its 2024 PCE inflation forecast to 2.4% from 2.5% and core PCE to 2.4% from 2.6%. How that shifts in this edition could be as strong an indication about where rates are going as the dot plot.In addition, the…

Heads up, franc traders! The SNB is gearing up to make its monetary policy decision soon and which has good odds of  shaking things up among CHF pairs. Are they likely to announce changes this time around? Here’s what you need to know if you’re planning on trading this news event. This Article Is For Premium Members Only Become a Premium member for full website access, plus get: Ad-free experience Daily actionable short-term strategies High-impact economic event trading guides Access to exclusive MarketMilk™ sections Plus More! Source link

Economists at ING expect the EUR/USD pair to trend higher throughout the second half of 2024. The Fed is the single most important driver of EUR/USD The Fed is, and should remain, the single most important driver of EUR/USD: our call is they will cut more than markets expect and crucially around 50 bps more than the ECB.  Given that we also see both central banks starting to ease in June, we expect a bigger rally in EUR/USD in the second half of the year, when USD:EUR short-term rate convergence should accelerate. We target 1.1400 in 4Q24. Rising geopolitical tensions,…