Latest Market News
The BTC price is hovering around 29,216 USD on Wednesday. Currently, the flagship cryptocurrency appears weak, having lost 3% over the week, resulting in a moderate overall sentiment. Intermediate supports are located near the levels of 29,050 USD and 28,600 USD. The upper boundary of the range is at the 31,150 USD resistance line. Unless […]
The Australian dollar, paired with the US dollar, is once again facing pressure. The current AUDUSD quote is 0.6759. The Aussie’s volatility is drawing attention. On one hand, a strong US dollar exerts pressure on the AUD. On the other hand, China is sending quite positive signals. Today’s statistics revealed that inflation in Australia for […]
The major currency pair remains in a neutral position on Wednesday. The current EURUSD quote is 1.1050. The two-day meeting of the US Federal Reserve System concludes tonight. Regarding the interest rate, the outlook is relatively clear: there will be a 25-basis point increase, bringing the borrowing cost to 5.5% per annum. However, the real […]
So, the FOMC day has arrived. The market has already priced in one rate hike (according to futures, with a 99% chance), and judging by the recent bullish rebound of the dollar, it doubts that the regulator will consider the June deceleration of core inflation as a starting point in its communication. The Fed could […]
FOMC Expectations Weighing on Nasdaq US stocks are trading tentatively ahead of the FOMC later today. Looking at the Nasdaq, the index has pulled back from the recent YTD highs and is currently sitting around 3% lower. Expectations are split ahead of the Fed later with the base case scenario being that the Fed hikes […]
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