Author: FX
GBP/USD is under pressure after a sharp daily selloff, weighed down by softer UK inflation data and renewed U.S. dollar strength following a more hawkish Fed tone. The pair has now dropped back into a familiar support region in the mid-1.3200s, an area that has previously attracted buyers. But the latest drop raises an important question: Is downside momentum fading, or are sellers preparing for another leg lower? The setup is less about calling an immediate bottom and more about watching whether the price can stabilize, reclaim nearby levels, and confirm that demand is returning. Welcome to “TA Alert of…
Iran says the plan for negotiating teams to meet in Geneva remains in place, but MoU was signed digitally.Will be no signing ceremony in Switzerland.Earlier:Iran signals permanent Hormuz changes as $300bn reconstruction deal confirmed This article was written by Eamonn Sheridan at investinglive.com. Source link
The Fed held rates but the dot plot bared its teeth. Here’s which Event Plan branch fired, what confirmed on the close, and one trap to dodge. Source link
The Federal Reserve (Fed) left interest rates unchanged at 3.50%-3.75% on Wednesday, but the bigger surprise came from the updated economic projections and Kevin Warsh’s first press conference as Fed Chair.The policy statement itself struck a relatively familiar tone after officials acknowledged that economic activity continues to expand at a solid pace despite heightened uncertainty linked partly to the conflict in the Middle East. The Fed also pointed out strong productivity growth and capital investment but said inflation remains elevated relative to its 2% goal, with recent supply shocks and higher energy prices helping to push prices higher.The updated Summary…
The AUDUSD has spent much of this week respecting well-defined technical boundaries, with both buyers and sellers reacting decisively at key levels.At the highs on Monday, the pair briefly pushed above its 100-day moving average, but each breakout attempt quickly failed as sellers stepped in and overwhelmed buying interest. On Tuesday, the price rotated lower but found support from buyers near the rising 100-hour moving average, helping to stabilize the decline. The subsequent rebound stalled ahead of the 100-day moving average, suggesting buyers had learned from Monday’s failed breakout attempts and were less willing to chase the move higher.That pattern…
NZD/USD trades around 0.5820 on Wednesday at the time of writing, down 0.24% on the day as investors reduce risk exposure ahead of the Federal Reserve (Fed) monetary policy announcement.Markets widely expect the central bank to keep its benchmark interest rate unchanged within the 3.5%-3.75% range, delaying any policy adjustment until a later date. Attention is now focused on the Fed’s updated economic projections and comments from Fed Chair Kevin Warsh, whose first post-meeting press conference could provide important clues about the future path of interest rates.This cautious stance supports the US Dollar (USD) in the short term and weighs…
UK inflation held at 2.8% in May 2026, below the 3.0% forecast — but services inflation surged to 3.7%, complicating the Bank of England’s rate decision Thursday. Source link
The FOMC is widely expected to keep the federal funds rate unchanged at 3.50-3.75% and remove the easing bias from the statement in an unanimous decision. At this meeting we will also get the Summary of Economic projections (SEP) where near-term inflation is expected to be revised higher while unemployment lower. The median dot plot is expected to show no cuts for this year with more hawks than doves. Fed Chair Warsh is expected to refrain from giving out too much giving his disdain for forward guidance but might acknowledge the diplomatic breakthrough in US-Iran negotiations and the quick drop…
Dow Jones futures move little, hovering near 52,040 during the European hours on Wednesday, ahead of the US regular opening. However, S&P 500 futures rise 0.26% to near 7,540, and Nasdaq 100 futures advance 0.8%, trading near 30,240 at the time of writing.US stock futures posted mixed results as investors anxiously awaited the Federal Reserve’s (Fed) upcoming policy decision. The central bank is widely expected to maintain a cautious “wait-and-see” approach, holding its benchmark interest rate steady within the 3.50% to 3.75% range. However, market participants are on high alert for potential volatility, as traders broadly expect Fed Chair Kevin…
GBP/AUD looks ready to extend its month long uptrend! Can the pair build enough momentum to hit fresh June highs in the next few days? Source link