US PPI slows to 2.3% YoY, reigniting July Fed cut speculation. Trump reportedly considers removing Fed Chair Powell, adding to market volatility. UK CPI jumps…
The EUR/USD jumps over 150 pips to 1.1721 after Trump suggests firing Fed Chair Powell. CBS reported that US President Trump asked House Republicans whether…
Bill Pulte, the Trump-selected Director of the Federal Housing Finance Agency and former chairman of Fannie May and Freddie Mac, nodded to entirely-uncomfirmed reports that…
The Aussie Dollar reverses previous losses and hits fresh YTD highs near 0.6600. Upbeat manufacturing data from China is buoying the Aussie on Tuesday. Later…
USD/CAD rises as Fed Powell’s comments at the ECB Forum raise expectations of a rate cut in September. Fed Chair Powell: “As long as the…
Central bank bosses to discuss monetary policy collectively in the ECB forum. Divergence in recent monetary policy between the Fed, ECB, BoE and BoJ makes…
The Indian Rupee strengthens in Tuesday’s early European session. The Fed’s dovish stance and lower crude oil prices support the INR, but renewed US Dollar…
GBP/USD rises as US Dollar tumbles on WSJ reporting that Trump may name Powell’s replacement by October. Dollar weakens as Fed succession adds confusion; Q1…
EUR/USD hits its highest level since September 2021 and extends its rally for a sixth straight session. ECB’s De Guindos flags data-driven approach, warns of…
Gold remains under pressure as risk-on sentiment continues to influence market trends. Fed Chair Powell and President Trump clash over the timing of interest rate…