While Fed News Today

The GBP/USD weekly forecast leans bullish as market participants expect the Fed to cut rates much earlier than the Bank of England.

US stocks plunged sharply overnight, following Fed's decision to maintain the interest rate at 5.25-5.50%. While Fed finally dropped tightening bias, indicating the peak of the tightening cycle, it firmly dismissed the possibility of an imminent rate cut in March.

In a week crowded with high-profile events like FOMC rate decision overnight and the upcoming BoE meeting today, Japanese Yen is surprisingly stealing the show as the star performer in the currency markets. This rally in Yen's can be attributed to the significant drop in global benchmark treasury yields, driven by renewed flight to safety amidst fresh concerns over banking stability. The apprehension in the banking sector has prompted investors to flock to bonds. Meanwhile, it's also b...

While Fed and ECB officials pushed back expectations of interest rate cuts for later than anticipated amidst strong data and the rebound in inflation, the upcoming week is also expected to maintain the centre of the debate around central banks.

Pound US Dollar Exchange Rate Plummets

(Bloomberg) -- The jump in US Treasury yields above 5% on Monday set off renewed investor tumult but is unlikely to trigger concerns at the Federal Reserve unless the rise becomes more volatile or persistent.Most Read from BloombergWall Street Trading Rattled by Wild Treasury Moves: Markets WrapAn Oil Giant Quietly Ditched the World’s Biggest Carbon Capture PlantTreasury 10-Year Yield Breaches 5% for First Time Since 2007US Push for Release of Hostages May Delay Israeli Ground War, But Wo...

Reits are trading at a discount now but this is set to change as hybrid mode of working ends

Despite a confluence of favorable conditions that are typically Dollar bullish — a decidedly hawkish Federal Reserve, plummeting stocks, and soaring yields — the greenback's response was unexpectedly tepid last week. While it managed to gain ground against European majors and Yen, it faltered when squared against the robust commodity currencies. Dollar Index, a measure of the currency against a basket of other major currencies, also recorded only a modest uptick. With the quarter's...

The USD/CHF pair has fallen back after a short-lived recovery move to near 0.8957 in the Asian session. The Swiss Franc asset is expected to continue

Higher rates weigh on the non-interest bearing precious metal.