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RBA Hawkish Hold, BOJ Cautious Hike, Fed's Defining Moment
The RBA left rates unchanged but signaled possible hikes due to energy costs, the BOJ raised rates cautiously, and the Fed faces a key decision.
Gold Surges 2% at Week Start on Geopolitical Shifts and Fed Bets
Spot gold (XAUUSD) rose over 2% since the week opened, reaching near $4,342 per ounce on Wednesday, driven by geopolitical changes and expectations around the Federal Reserve.
ECB's Simkus Sees at Least One More Rate Hike to Curb Inflation
European Central Bank policymaker Gediminas Šimkus stated that additional rate hikes are likely needed to contain inflation risks.
NZD/USD Falls as Markets Await Fed Decision
The New Zealand Dollar slipped against the US Dollar on Wednesday, trading near 0.5820 as caution prevailed ahead of the Federal Reserve's policy decision.
GBP/JPY Drops Below 215 on UK Inflation Miss, Intervention Fears
The British pound weakened sharply against the Japanese yen, falling below 215.00 after softer-than-expected UK consumer inflation data. The move snapped a three-day winning streak for GBP/JPY and revived speculation about possible Japanese intervention.
Kevin Warsh Key to Dollar Resilience as Brent Drops on US-Iran Deal
Kevin Warsh's stance is crucial for dollar strength, while Brent crude falls below $80 after US-Iran deal details, providing a dovish argument before the FOMC announcement.
USD/CAD Holds Gains Above 1.4000, Bullish Bias Persists
The USD/CAD pair is trading around 1.4005 in early European trading on Wednesday, maintaining gains above the 1.4000 level. A bullish bias continues despite an overbought RSI, as optimism over a US-Iran peace deal pressures crude oil prices and weighs on the commodity-linked Canadian dollar.
ECB Pipeline Inflation Keeps Hikes Priced – Deutsche Bank
Deutsche Bank notes that despite recent declines in oil and euro inflation swaps, ECB chief economist Philip Lane warns that earlier energy shocks will continue to feed through, keeping the case for further rate hikes alive.
Deutsche Bank: Fed Under Warsh to Hold Rates, Hawkish Tone
Deutsche Bank economists predict the Federal Reserve will keep interest rates unchanged at the first meeting under Chair Kevin Warsh but adopt a more hawkish stance.
British Pound Slides on Soft UK Inflation Data
The British Pound fell to weekly lows against the US Dollar after weaker-than-expected UK inflation figures were released.
US Congress Deal Pauses Fed CBDC Until 2030
The US Congress has reached a bipartisan agreement on a major housing bill that includes a provision prohibiting the Federal Reserve from issuing a central bank digital currency until 2030.
Euro Strengthens Against Pound After UK CPI Data
EUR/GBP rose to around 0.8650 as the British Pound weakened following the release of UK inflation data. Traders now focus on the upcoming Bank of England rate decision.
USD Firms Ahead of FOMC as Rate Expectations Drive Support – BNY
The US Dollar is strengthening ahead of the FOMC meeting, driven by rate expectations rather than safe-haven demand, according to BNY’s Geoff Yu. iFlow data shows clients net selling the Canadian and Australian Dollars while some North Asian currencies remain attractive.
Brent Oil Extends Decline on US-Iran Peace Framework Reports
Deutsche Bank reports that Brent oil prices have continued to fall as markets react to news of a proposed US-Iran peace framework, including export waivers and a potential reopening of the Strait of Hormuz.
SpaceX Emerges as IPO Candidate to Watch This Year
SpaceX is gaining attention as a potential IPO this year, set against a backdrop of fluctuating post-pandemic IPO activity driven by economic uncertainty, rising interest rates, and inflation.
UK CPI Holds at 2.8% in May, Well Above BoE Target
UK annual CPI inflation remained at 2.8% in May, unchanged from April, according to ONS data released Wednesday. The reading is significantly above the Bank of England's 2% target.
Fed and Riksbank Expected to Hold Rates; Focus on Warsh's First Press Conference
Markets expect the Riksbank and the Federal Reserve to keep rates unchanged, with attention turning to new Fed Chair Kevin Warsh's inaugural press conference.
World Bank Sees Global Growth Slowing to 2.5% in 2026
The World Bank projects global economic growth will slow to 2.5% in 2026, the weakest pace since the COVID-19 pandemic, according to its latest Global Economic Prospects report.
FOMC Preview: Kevin Warsh Takes Helm, Rates Expected Unchanged
The Federal Reserve is set to announce its latest policy decision with a 99.4% probability of holding rates at 3.5–3.75%. Kevin Warsh assumes leadership, making communication as critical as the dot plot.
Yen Strengthens as USD/JPY Dips Ahead of Fed Decision
USD/JPY slipped to near 160.25 during early European trading as traders await the US Federal Reserve's interest rate decision under new Chair Kevin Warsh.
Gold Elliott Wave Signals Bullish Continuation
Gold (XAU/USD) has completed its initial decline from the April 17 peak and is now expected to rally in a three-wave corrective structure, according to an Elliott Wave analysis.
Indonesian Rupiah Weakens Ahead of Fed Decision, USD/IDR Rises
The Indonesian Rupiah weakened against the US dollar on Wednesday, pushing USD/IDR to 17,770 as traders turned cautious ahead of the Federal Reserve's policy decision.
EUR/USD Holds Above 1.1600 as Bulls Await Fed Rate Decision
The EUR/USD pair trades with a positive bias for the third consecutive day, holding steady above the 1.1600 mark as traders anticipate the Federal Reserve's interest rate decision.
Iran Fires Drones at Commercial Ships in Strait of Hormuz After US Deal
Iran reportedly launched multiple drones at merchant ships in the Strait of Hormuz shortly after reaching a memorandum of understanding with the United States over the weekend.