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Hawkish FOMC Meeting Sees Rate Hike Projections; Dollar Unmoved
The FOMC delivered its most hawkish policy signal of the year, with inflation forecasts raised to 3.6% and nine officials projecting at least one rate hike before year-end. The dollar, however, showed little immediate reaction.
Canadian Dollar Dips as Fed Hawkish Outlook, Weaker Oil Pressure
The Canadian Dollar weakened against the US Dollar on Thursday, with USD/CAD rising to 1.4130 as the Federal Reserve's hawkish stance and lower oil prices weighed on the loonie.
How to Read and Track Bitcoin Transactions: A Guide
A step-by-step guide on analyzing Bitcoin transactions manually and using tools, covering blockchain forensics, tracking whales and exchange inflows, and understanding the probabilistic nature of tracing.
SNB Holds Rate at 0.00%, Keeps FX Intervention Option Open
Nomura reports the Swiss National Bank kept its policy rate at 0.00% in June and reiterated a heightened willingness to intervene in FX markets to curb franc strength.
Euro Rallies Against Pound After BoE Holds Rates
The Euro strengthened against the British Pound after the Bank of England left interest rates unchanged, extending its recovery.
BoE Holds Rate at 3.75% as MPC More United, Says Deutsche Bank
Deutsche Bank's Chief UK Economist Sanjay Raja notes the Bank of England kept Bank Rate at 3.75% as expected, with a more divided MPC on paper but a stronger consensus to hold, citing improved data and lower inflation.
Middle East Tensions Push Eurozone Housing Energy Efficiency to Forefront
Despite a tentative US-Iran agreement, continued Middle East friction is weighing on the eurozone economy, reviving focus on energy-efficient housing as the recovery falters.
ECB Hikes See Limited Regional Follow-Through – BNY
BNY's Bob Savage notes that ECB rate hikes have prompted little action from other European central banks, with the BoE, SNB, Norges Bank, and Riksbank all on hold. Inflation concerns remain domestic, while markets continue to price downside growth risks for the euro area.
GBP/USD Hits Two-Month Low Below 1.3220 After BoE Holds Rates
The British Pound fell to a fresh two-month low near 1.3200 against the US Dollar after the Bank of England left interest rates unchanged.
Rabobank: Euro Recovery Seen but Forecasts Below Consensus
Rabobank's FX Strategy report notes that the euro played a key role in last year's EUR/USD rally, supported by Germany's looser debt brake and improved European growth outlook, but their forecasts remain below consensus.
Dollar Index Recoupling with Rates, Says Societe Generale
Societe Generale's Kit Juckes notes the Dollar Index is closely tracking EUR/USD, and highlights how President Trump's policies have weakened the Dollar relative to economic and monetary fundamentals.
Norges Bank Hawkish Hold Bolsters Norwegian Krone, BBH Says
Brown Brothers Harriman notes Norges Bank kept its policy rate at 4.25% but reinforced guidance for a future hike, supporting the Norwegian Krone.
Only 16% of Americans Expect Positive AI Impact – Pew Survey
A Pew Research survey finds that just 16% of Americans expect artificial intelligence to have a positive effect on society, while 40% foresee negative consequences. Most respondents are skeptical of government regulation and distrust AI developers.
Societe Generale: EUR/USD Mirrors Dollar Index Movements
Societe Generale's Kit Juckes notes that EUR/USD closely tracks the Dollar Index, highlighting the dollar's past weakness under Trump and its current alignment with relative interest rates.
SNB Keeps Rates Unchanged at 0.00%, Franc Under Pressure – BBH
The Swiss National Bank held its policy rate at 0.00% for the fourth consecutive meeting. Brown Brothers Harriman notes the neutral stance continues to weigh on the Swiss Franc.
Rabobank: Dollar Support from Haven Demand and Fed Shift
Rabobank's FX Strategy team notes the U.S. Dollar has recently been supported by safe-haven demand and shifting expectations for Federal Reserve policy, testing its haven status.
Accenture Q3 revenue misses estimates, issues FY outlook
Accenture reported Q3 revenue of $18.7 billion, slightly below the $18.745 billion estimate. The company issued FY EPS outlook of $13.38-13.50 and adjusted EPS $13.78-13.90, with FY revenue growth of 3-4%.
EUR/GBP Breaks Out of Bullish Flag, Targets 0.8683 and Beyond
EUR/GBP has broken out of a bullish flag pattern, with traders eyeing a potential move higher against the Pound. Key levels include an initial target of 0.8683 and an extension zone near 0.8720.
EUR/GBP Breaks Out of Bullish Flag; Traders Eye 0.8683 First Target
EUR/GBP has broken out of a bullish flag pattern, signaling a potential move higher against the Pound. Key levels to watch include first target 0.8683 and extension zone 0.8720, with support at 0.8629 and invalidation at 0.8618.
Bar for Further USD Gains 'High' After Fed's Hawkish Turn
The dollar rallied after the Fed's hawkish turn, with policymakers emphasizing price stability and a more aggressive dot plot shift, reinforcing the case for higher rates.
SNB Holds Rates as Swiss Inflation Stays Benign
The Swiss National Bank kept interest rates unchanged at its June meeting, citing inflation that remains within its target range despite a recent uptick to 0.6% in May from 0.1% in February.
Markets Digest Warsh Comments and Trump Deal Ahead of BOE Meeting
Central bank rate decisions this session held no surprises. Focus shifts to the upcoming BOE MPC meeting as markets continue to digest Kevin Warsh's policy views and Trump's trade deal developments.
NZD/USD dips as hawkish Fed outweighs NZ growth data
The New Zealand Dollar edged lower against the USD on Thursday despite strong domestic economic data, as hawkish Fed expectations continued to support the greenback.
Silver Rises to $68.29 per Troy Ounce on Thursday
Silver (XAG/USD) rose to $68.29 per troy ounce on Thursday, up 1.34% from the previous day's $67.39, according to FXStreet data.