XAG/USD dips 0.25% ahead of the Fed’s rate decision and a US-Iran ceasefire easing energy supply risks. Silver (XAG/USD) trades at $69.85, down 0.25% on Wednesday, as investors await the Federal Reserve’s policy update. The Fed is expected to hold rates steady at 3.5%-3.75
Softer UK May CPI data delays Bank of England rate hike expectations to December, weighing on the pound against the dollar. GBP/USD traded near its 200-day moving average of 1.3417 as UK inflation data undershot expectations, reducing pressure on the Bank of England to tig
Markets have fully priced in a European Central Bank rate hike, capping potential Euro upside, ING analysts say. The Euro is struggling to rally against the US Dollar as markets have already priced in a rate hike by the European Central Bank. Analysts note that even additi
XAG/USD falls 0.47% on Wednesday, extending its 2024 loss to 1.95% amid a stronger USD and shifting investor demand. Silver prices declined to $69.70 per troy ounce, down 0.47% from Tuesday’s $70.03 close. The drop extends the metal’s year-to-date loss to 1.95%, reflecting
A 30% plunge in crude prices eases near-term inflation concerns, potentially altering the Fed’s rate outlook despite hawkish signals. Brent crude oil fell below $80 per barrel for the first time since March, capping a 30% decline from its May peak. The sharp drop has reduc
Brown Brothers Harriman’s Elias Haddad notes Brent Oil is testing its 200-day moving average while the Dollar consolidates after giving back more than half of its post-May payrolls gains. The bank says a hawkish Fed hold would support a firmer Dollar, but warns Chair Kevin
Altcoin sell pressure hits five-year extreme with 15 months of net selling The spot market has seen 15 consecutive months of net selling, with the cumulative buy/sell volume difference for altcoins excluding BTC and ETH at its deepest negative level since 2020. The
Geopolitical risks in the Middle East and mixed demand signals keep oil markets unsettled, defying traditional safe-haven trades. Oil prices continue to fluctuate as traders weigh escalating geopolitical risks in the Middle East against unclear demand signals. The Strait o
The Federal Reserve is set to maintain current rates while removing its easing bias, signaling a shift toward tighter policy amid higher inflation projections. The Federal Open Market Committee is expected to leave the federal funds rate unchanged at 3.50-3.75% in its upco
Annual consumer price growth in the Euro Area accelerated for the first time since February, driven by a 0.1% month-on-month increase. Euro Area annual inflation climbed to 3.2% in May from 3.0% in April, marking the first uptick in three months. The increase followed a 0.
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