About: anakin
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ING noted that recent US macro events provided limited influence on FX, amid uncertainty and volatility
The Federal Open Market Committee (FOMC) and Treasury International Capital (TIC) data did not greatly impact the markets, largely due to uncertainties involving tariffs and oil volatility. The Federal Reserve’s inclusion of two rate cuts in the 2025 median projection appeared modestly dovish. Despite this, the Fed did not express significant concern about growth and Continue Reading
Gold Trades Cautiously Ahead of Fed Verdict
Key Points Gold prices retreated slightly on Wednesday, with spot gold down 0.1% at $3,386.79 an ounce and U.S. gold futures easing 0.1% to $3,405.10 as of 0805 GMT. The market adopted a cautious tone ahead of the U.S. Federal Reserve’s policy announcement later today, as traders refrained from large directional bets in anticipation of Continue Reading
Oil Retreats as Markets Weigh Middle East Tensions
Key Points West Texas Intermediate (WTI) crude oil futures slipped below $75 per barrel on Thursday, with prices closing at $73.33 following an intraday high of $74.26. The retreat reversed gains from earlier in the week, as traders adjusted positions in response to murky signals from Washington on possible U.S. intervention in the escalating Israel-Iran Continue Reading
USDX Holds Ground Amidst Middle East Tensions
Key Points The US Dollar Index (USDX) held firm near 98.9 on Thursday, stabilising after a volatile week driven by central bank signals and growing geopolitical risks. The index closed at 98.641 after reaching a session high of 98.671, holding above its key resistance zone and consolidating gains made earlier in the week. This dollar Continue Reading
Elon Musk–Trump Fallout: What It Means for the Forex Market
The recent public fallout between Elon Musk and former U.S. President Donald Trump has made headlines not only for its political drama but also for its ripple effects across global financial markets, including the forex (FX) market. While most of the media attention has focused on Tesla’s stock plunge and U.S. domestic politics, many forex Continue Reading
