Summary The FOMC left the federal funds rate unchanged for the fifth consecutive meeting. The post-meeting policy statement had minimal changes and continued to characterize inflation as “somewhat elevated,” the unemployment rate as “low” and labor market conditions as “solid.” The pace of balance sheet runoff, also known as quantitative tightening, was left unchanged. Governors … Read more

Key Highlights WTI Crude Oil prices started a fresh increase above the $68.00 zone. It cleared many hurdles near $68.00 and $68.80 on the 4-hour chart. Gold could extend losses below the $3,300 support. EUR/USD dived and traded below the 1.1500 zone. WTI Crude Oil Price Technical Analysis WTI Crude Oil price formed a base … Read more

Markets The Fed’s policy rate stayed at 4.25-4.5% yesterday. It wasn’t a unanimous decision though. Two governors favoured of a 25 bps cut. Waller has repeatedly called for a July cut, citing a weaker economy and labour market than headline numbers suggest. For Bowman it was a matter of tariff inflation not realizing as much … Read more

The USDJPY pair exhibits an incomplete bullish sequence originating from the April 22, 2025 low, signaling potential for further upside. We can project the extreme target area for this rally can be projected using using the 100% to 161.8% Fibonacci extension from the April 22 low. This places the target range between 150.88 and 156.33. … Read more

The GBP/USD pair dropped to 1.3252, its lowest level since 11 May 2025, as a resurgent US dollar and disappointing UK economic data weighed on the pound. Market sentiment has shifted from concerns about inflation to fears of an economic slowdown, while optimism surrounding new trade agreements has bolstered the dollar. Although warmer weather boosted … Read more

Market Overview The crypto market capitalisation rose 0.5% during the day to $3.90T, following the reversal of the stock markets and Bitcoin at the end of the day on Wednesday, after falling to $3.79T immediately after the Fed’s announcement on the key rate. The influence of macroeconomic factors on cryptocurrencies continues to grow, even in … Read more

Consumer spending and income growth both improved in June. Personal income rose 0.3% month-over-month (m/m), a hair above the market consensus forecast for a gain of 0.2% m/m. Growth in wages and salaries eased to 0.1% m/m from 0.3% previously, but transfer payments rebounded from a weak showing in May. Consumer spending grew at 0.3% … Read more

Canadian GDP in May printed in line with expectations, falling for a second consecutive month by 0.1% month-on-month (m/m). GDP growth in June is expected to tick higher, reversing some of this month’s pullback. Compositionally, 13 of 20 industries registered a decrease on the month. Goods industries contracted again (-0.1% m/m), while the services sector … Read more

Markets The three biggest Euro area economies released July inflation numbers today. French prices rose 0.3% m/m to be up a June-matching 0.9% on a yearly basis as energy was still heavily weighing on inflation. Italian inflation meanwhile dropped 1% on a monthly basis with the year-on-year print easing from 1.8% to 1.7%. Both countries … Read more

Copper remains firmly in red on Thursday after falling over 18% previous day and extends weakness to the lowest in almost four months. Copper price collapsed from the zone near new record high after President Trump surprised markets by excluding a number of copper products from initial 50% tariff list, leaving copper pipes and wiring. … Read more