Japanese Yen gains after hawkish Fed hold
USD/JPY trades near the 163.60 area on Wednesday, recovering from its immediate post-announcement decline as investors assess a generally hawkish Federal Reserve (Fed) monetary policy decision.
FX
British Pound Sterling rents a rally it has to pay for in the morning
The Federal Reserve held its target range at 3.50% to 3.75% at 18:00 GMT on a 9-3 vote, with three voting members preferring an immediate quarter-point increase, and Sterling rallied through the 1.3300 shelf it lost las…
Why is Starbucks stock surging today?
Not in the "I need my venti triple-shot caramel macchiato to function" way, but in the "this is our road trip stop of choice" way. We've racked up enough points over the years to feel financially responsible about our h…
British Pound: Policy risk with range-bound trade against US Dollar – Scotiabank
Scotiabank strategists Shaun Osborne and Eric Theoret highlight that GBP/USD is flat around 1.33, supported by stronger United Kingdom (UK) lending data and stabilizing Bank of England (BoE) expectations. They stress th…
The Canadian Dollar waited for the Fed and got paid
The Federal Reserve held its target range at 3.50% to 3.75% at 18:00 GMT on a 9-3 vote, with three voting members preferring an immediate quarter-point increase, and USD/CAD fell out of a session-long range to print its…
Dow Jones Industrial Average pulls back hours before the Fed's answer
The Dow Jones Industrial Average trades just above 51,800 on Wednesday afternoon, down roughly 900 points and 1.7% from Tuesday's close. The session high just above 52,800 printed before 09:00 GMT, and the tape has sold…
The US Dollar Index discovers that a vote record is not a reaction function
The Federal Reserve held its target range at 3.50% to 3.75% at 18:00 GMT on a 9-3 vote, with three voting members preferring an immediate quarter-point increase. Previews had that configuration as the hawkish tail, the …
Boston Scientific trims annual profit forecast on softer Watchman device demand
July 29 (Reuters) – GE HealthCare on Wednesday beat Wall Street estimates for second-quarter profit, helped by strong demand for its diagnostic and imaging devices and refunds of tariffs imposed under U.S. President Do…
Swiss Franc falls against US Dollar for eighth straight day as Fed decision looms
USD/CHF edges higher on Wednesday, hovering near its highest level in more than a year as hawkish Federal Reserve (Fed) expectations contrast with a steady Swiss National Bank (SNB) outlook, weighing on the Swiss Franc …
US Dollar: FOMC risk guides downside scope – Scotiabank
Scotiabank strategists Shaun Osborne and Eric Theoret note the US Dollar (USD) is narrowly mixed to softer ahead of the Federal Open Market Committee (FOMC), with swaps pricing a modest chance of a hike but the bank see…
Bank of Japan: Gradual tightening path and neutral rate debate – ING
ING analysts Chris Turner and Padhraic Garvey see the Bank of Japan maintaining its tightening bias after June’s move to 1.00%, with most board members viewing Japan’s neutral rate near 2.00%. While some officials may f…
Dow Jones Industrial Average gets its rate relief and cannot hold it
The Federal Reserve (Fed) held its target range at 3.50% to 3.75% at 18:00 GMT on a 9-3 vote, with three voting members preferring an immediate quarter-point increase. Equities got the outcome they wanted twice over, a …
Silver slips below $57 as Fed meeting keeps markets on edge
Silver (XAG/USD) trades around $56.90 on Wednesday at the time of writing, down 0.43% on the day. Price action remains cautious as investors avoid taking large directional positions ahead of the Federal Reserve (Fed) mo…
Singapore Dollar: Range guidance around NEER band – UOB
UOB’s SGD NEER model shows the index at 1.68% above the midpoint of the policy band, after ending the previous session 171 basis points above it. The model is expected to remain between 1.40% and 1.90% above the midpoin…
Japanese Yen: Domestic investment shift could support the Yen – BNY
BNY’s Geoff Yu notes Japan’s Government Pension Investment Fund (GPIF) has hired active domestic bond managers for the first time in five years to improve expertise and diversification amid volatile JGB markets. The fun…
Why is uniQure stock surging today?
uniQure N.V. (NASDAQ:QURE - Get Free Report) shot up 12% during trading on Thursday . The company traded as high as $10.04 and last traded at $10.1250. 1,648,051 shares changed hands during mid-day trading, a decline of…
Japanese Yen: Fed risk clouds recovery against US Dollar – Rabobank
Rabobank's Senior FX Strategist Jane Foley discusses how the Federal Reserve (Fed) and Bank of Japan (BoJ) decisions could shape USD/JPY, noting that Fed Chair Warsh’s stance on forward guidance adds uncertainty. Foley …
Trump vows fresh strikes on Iran after missiles targeting US forces are intercepted
According to Reuters, United States (US) President Donald Trump said in a phone interview with Fox News on Wednesday that the US would carry out further strikes against Iran in response to attacks targeting US positions…
Gold struggles for direction ahead of Federal Reserve policy verdict
Gold (XAU/USD) consolidates above $4,000 on Wednesday, as price action remains choppy amid growing caution ahead of the Federal Reserve’s (Fed) monetary policy announcement, while the war in the Middle East intensifies …
Why is the US Dollar vulnerable when the Federal Reserve is expected to deliver a hawkish hold?
The US Dollar (USD) stands at a critical juncture as financial markets prepare for the Federal Open Market Committee's (FOMC) upcoming interest rate announcement. Following a volatile month marked by sharp swings in cru…
Oil: Middle East tensions revive inflation channel – BNY
BNY reports that renewed Iranian–U.S. hostilities lifted Brent above 3%, reviving the inflation channel but remaining secondary to Fed and AI valuation drivers. The bank notes the U.S. interception of Iranian missiles a…
US Dollar: Fed hold to test recent resilience – ING
ING strategists Francesco Pesole and Frantisek Taborsky expect the Federal Reserve to keep rates unchanged, with two dissenters possibly voting for a hike, limiting downside in front-end USD rates. They argue the Dollar…
Why is Garmin stock surging today?
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Canadian Dollar strengthens modestly against US Dollar ahead of Fed decision
The Canadian Dollar (CAD) modestly outperforms the US Dollar (USD) on Wednesday, drawing support from a rebound in Oil prices as the war in the Middle East intensifies again following a brief calm. At the time of writin…