USD): Attention Now Turns to the Federal Reserve

The Fed will announce its latest monetary policy decision on Wednesday with a 25 basis point rate hike now fully priced-in.

from DailyFX – Market News https://bit.ly/3HuuYMe
via IFTTT

Euro Area Core Inflation Retreats as YoY Print Accelerates, EUR/USD Lower

Euro Area annual inflation rate ticked higher April missing estimates by 0.1% as the Core print ticked lower. Following the data and the ECB Bank Lending Survey, is a 25bps hike from the ECB now a certainty on Thursday?

from DailyFX – Market News https://bit.ly/3NxnWdG
via IFTTT

GBP/USD Price Forecast: Pound Resilient Ahead of Fed

GBP/USD is relatively muted against its more macro influenced counterparts this week as the pair prepares for the Fed tomorrow. Pound continues to hover around 1.25.

from DailyFX – Market News https://bit.ly/40XY25A
via IFTTT

Australian Dollar Spike After RBA Hikes. Will AUD/USD Find Higher Ground?

The Australian Dollar shot higher after the RBA raised the cash rate to 3.85% surprising markets. The bank cited inflation as being too high. If they hike again, will AUD/USD go higher?

from DailyFX – Market News https://bit.ly/3LKJ1zJ
via IFTTT

Crude Oil Steadies as Markets Eye Fed and ECB Rate Decisions. Where to for WTI?

Crude oil prices consolidated into Tuesday as markets digest data ahead of monetary policy meetings from the Federal Reserve and the ECB. If both banks tighten, will WTI go lower?

from DailyFX – Market News https://bit.ly/3p4HyLG
via IFTTT