The US Federal Reserve maintained the funds rate at 4.25%-4.5% for a third consecutive time at Wednesday’s meeting.
The following Forex news reports are the latest developments of the Forex market. The news reports are updated frequently and include all the events that affect the foreign exchange trading industry.
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BoE Expected to Cut Official Bank Rate to 4.25%; US Federal Reserve Leaves Interest Rate Unchanged as Expected, Powell Cites Higher Inflation Risk, Slight Hawkish Tilt Boosts USD to Firm Gains; Gold Hints at Bearish Double Top; Bitcoin Powers to 2-Month High, Paves Way for Move Higher?; Trump Talks Up Imminent Major Trade Deal, Boosting Stocks
CME FedWatch Tool Suggests >95% Expect no Fed Rate Cut; Gold Makes Record New York Close; China Cuts Key Rate; INR Affected Little by Indian Strike in Pakistan; Bitcoin Invalidates Resistance Above $95k, Paves Way for Move Higher?
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Nikkei 225, HSI, KOSPI Continue Month-Long Advance; US Dollar Makes Minor Gains; Bitcoin Remains Suppressed by Resistance
Trump Pressures Powell After Strong Jobs Data, But Powell in Office Until 2026; Asian Stocks Higher, US Stocks Lower; Bitcoin Remains Suppressed by Resistance
The cryptocurrency market experienced a week of consolidation following last week’s breakout, which lifted Bitcoin back above $95,000 for the first time since late February.
Australian CPI Sticks at Annualized 2.4%; Asian Stocks Higher to April Highs; Bitcoin Still Held by Resistance at $95,038; Canada Liberals 3 Seats Short of Majority; Bitcoin Showing Signs of Likely Bullish Breakout
CBC Projects Carney Just 5 Seats Short, Will Remain in Office, No Particular Effect on Loonie or Canadian Stocks; Stocks Slightly Higher on US Auto Tariffs Exemption; Bitcoin Still Held by Resistance at $95,038
XRP surged 6% after SEC approval of ProShares XRP Futures ETFs, boosted by a bullish falling wedge breakout signaling a potential move toward $4.
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Canadians Vote Today, With Governing Liberals Narrowly Ahead in Final Opinion Polls; Asian Stocks Higher, US Equity Indices Trading Lower; Bitcoin Still Held by Resistance at $95,038
The European Central Bank (ECB) lowered rates by 25 basis points at today’s meeting, a move that was widely expected. The Euro, which has posted impressive gains in recent weeks, is barely affected by the decision so far.
The European Central Bank is widely expected to cut its Main Refinancing Rate from 2.65% to 2.40% at its policy meeting today.
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Sign up to get the latest market updates and free signals directly to your inbox.Gold Continues Its Long-Term Bullish Trend, Eyeing $3,300; Stock Markets Lower as Trump Restricts NVIDIA Chip Exports to China; US Dollar Index May Be Breaking Below Key Support; Canadian Inflation Lower Than Expected, Suggest BoC to Pass on Rate Cut Today
Markets See Their Lowest Volatility Yesterday Since Tariffs Announced; Trump Floats Auto Tariff Exemption, Confusion Over Tech Import Tariff Exception; US Dollar Index May Be Finding Support; Bank of Canada Seen as Less Likely to Cut Rates This Week; Gold Makes Another Record High Yesterday
After Exempting Electronics from Retaliatory Tariffs, Trump States Will be Temporary, and Will Announce Tariff on Semiconductors This Week; Stock Markets Higher on Tariff Exemption; US Dollar Trades Lower After 4-Year Low on Friday; US PPI and UoM Consumer Confidence Sentiment Data Much Lower Than Expected