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The US Dollar (USD) is up on Friday, with the US Dollar Index (DXY) trading at 97.74, up 0.4% on the session. The rebound from Wednesday's Federal Reserve (Fed) meeting is continuing. The Fed lowered its key interest rate by 25 basis points (bps) to a range of 4.00% to 4.25%, its first cut since Dec

The Fed’s decision to lower the target rate by 25 bps on Wednesday continues to be felt across the markets, specifically in US small caps. The Russel 2000 added 2.4% and clocked an all-time high of 2,477 yesterday, as investors bid domestically-focused companies amid reduced borrowing costs. Markets

Tik Tok Markets often feel like they’re waiting on a phone call that never quite comes — but today’s line runs straight between Washington and Beijing. Trump and Xi are set to speak, and the wires are already humming with the usual mix of theatre, posturing, and selective leaks. Traders know the pat

EUR/USD was trading back below 1.180 after touching 1.1920 immediately following the FOMC announcement. Some positioning readjustments are probably contributing to the sharp EUR/USD drop during and after Powell’s press conference, ING's FX analyst Francesco Pesole notes. EUR/USD to return to 1.185 i

Pound Sterling (GBP) faces a much busier week. The highlight is Thursday's MPC meeting. But before then, we have the jobs/earnings figures tomorrow and then the August CPI release on Wednesday, ING's FX analyst Chris Turner notes. GBP/USD might break above resistance at 1.3590/3600 this week "Unless

The US Dollar (USD) is strengthening broadly—albeit modestly—into Friday’s NA session and showing gains against all of the G10 currencies, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret report. USD trading broadly higher to end the week "The overall tone is quiet heading into the w

USD/JPY USDJPY regained traction on Wednesday, after spiking to the lowest in nearly one month on Tuesday. Strong downside rejection formed a bear trap pattern (under daily cloud base), as well as Hammer candle (Tuesday), adding to developing positive signals. Strong resistances at 147.60 zone (dail

Euro (EUR) continued to trade near 1.17-handle despite French political risks. Pair was last at 1.1697, OCBC's FX analysts Frances Cheung and Christopher Wong note. Daily momentum is mild bullish "Fiscal and debt issues can have implications on EUR. We do not rule out the risk of French rating being