Key takeaways The June FOMC meeting is a communication event rather than a rate decision event. Markets fully expect rates to remain unchanged at 3.50%-3.75%, with the real focus on the dot plot, inflation forecasts, Read more…
On Wednesday, spot gold (XAUUSD) hovered near 4,342 USD per troy ounce, logging a solid gain of over 2% since the beginning of the trading week. The precious metal continues to find strong fundamental support Read more…
The US dollar remains well supported against most major currencies, although the next phase of its movement will largely depend on the outcome of the Federal Reserve meeting. Investors are adopting a cautious stance ahead Read more…
Markets The FOMC concludes its first meeting under new Chair Warsh tonight. The new policy statement is expected to drop the slightly dovish bias that was still present in April, even though it already faced Read more…
UK inflation data offered some relief ahead of this week’s Bank of England meeting, with headline CPI holding steady at 2.8% yoy in May, below expectations for a rise to 3.0% yoy. On a monthly Read more…
Tesla FSD has been touted as one of the industry’s best advanced driver assistance systems. The total fleet of FSD-equipped vehicles has driven over 10 billion miles using the semi-autonomous driving technology that allows the Read more…
In Focus Today In the US, new Fed Chair Kevin Warsh will hold his first press conference following the FOMC meeting. We expect the policy rate to remain unchanged at 3.75%, in line with market Read more…
EURGBP: ⬆️ Buy – EURGBP reversed from support zone – Likely to rise to resistance level 0.8725 EURGBP currency pair recently reversed from the support zone between the strong support level 0.8620 (which has been Read more…
TheStreet aims to feature only the best products and services. If you buy something via one of our links, we may earn a commission. Why we love this deal Wood pellet grills are immensely popular, Read more…
The DOW is sending a very different message from the rest of Wall Street. While the S&P 500 and NASDAQ spent much of the past two sessions showing signs of caution ahead of today’s FOMC Read more…