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US Treasury yields climb as minutes. highlight Fed wait-and-see mode
US Treasury yields climbed on Wednesday following the release of the latest Federal Reserve meeting minutes from May 6-7, which revealed the US central bank's concerns about tariffs and their impact on inflation and economic activity.
USD/CHF Price Forecast: Stalls below 0.8300 after Fed minutes
The USD/CHF halts its advance after posting back-to-back days of gains that pushed the pair to its weekly high of 0.8290; yet, buyers remain in charge, even though the major is near its opening price at 0.8270.
Banxico Quarterly Report: Sheds 2025 GDP growth to 0.1%, further easing eyed
Banco de México revealed its Quarterly Report for January -March 2025, in which the central bank revised its Gross Domestic Product (GDP) forecasts for 2025 and 2026 downward, compared to the last report of 2024.
Forex Today: US GDP, employment data and Fedspeak next on tap
The US Dollar (USD) maintained its bullish bias unchanged for the second day in a row on Wednesday amid steady optimism on the trade front, while a cautious tone from the FOMC Minutes also collaborated with the daily advance.
EUR/USD slips below 1.13 as Fed turns cautious amid looming stagflationary risk
The EUR/USD retreats below 1.1300 during the North American session as the US Dollar (USD) remains bid ahead following the release of the latest Federal Reserve (Fed) meeting minutes. High US bond yields and a slightly sour mood have driven the Greenback higher against most G7 currencies.
Dow Jones Industrial Average coils as equities snub Fed Meeting Minutes
The Dow Jones Industrial Average (DJIA) is slightly lower on Wednesday, easing to intraday lows near 42,150 as equity traders await key earnings reports from tech heavyweight Nvidia (NVDA).
US Dollar Index jitters as Fed Meeting Minutes reveal increasingly-cautious Fed
The latest Meeting Minutes from the Federal Reserve's (Fed) Federal Open Market Committee (FOMC) rate meeting on May 6-7 indicate a historically rooted wait-and-see approach. At this meeting, policymakers observed that the US Dollar's (USD) status as a safe haven has recently diminished.
Gold price steadies near $3,300 after Fed flags stagflation risks in May minutes
Gold prices recovered some ground on Wednesday as the Federal Reserve revealed in the May 6-7 minutes that they see rising inflation and unemployment risks increasing due to the trade war. At the time of writing, XAU/USD is trading at $3,300, virtually unchanged.
GBP/USD looks upward after Fed Meeting Minutes show growing caution
The Federal Reserve's (Fed) latest Meeting Minutes from the Federal Open Market Committee's (FOMC) rate meeting on May 6-7 revealed that the Fed's wait-and-see approach has deep roots.
WTI Crude Oil price surges on cautious OPEC+ supply stance
The Organization of the Petroleum Exporting Countries and its allies (OPEC+) convened at its Vienna headquarters on Wednesday to assess the current state of the oil market.
ECB's Knot: Inflation dynamics may cause considerable challenges
European Central Bank (ECB) Governing Council member and head of the Dutch central bank De Nederlandsche Bank (DNB) noted on Wednesday that the current outlook on European inflation is murky, making it difficult for the ECB to engage in direct moves.
AUD/USD declines for the third straight day, with focus on Fed Minutes
The Australian Dollar (AUD) is facing a notable decline against the US Dollar (USD) on Wednesday as markets process the latest inflation data from Australia and anticipate the Federal Reserve's (Fed) forthcoming decisions. At the time of writing, AUD/USD trades at 0.6421, down 0.33% in the day.
Gold slips below $3,300 on US Dollar strength as traders await Fed Minutes
Gold price extended its losses during the North American session on Wednesday after hitting a daily high of $3,325 earlier in the day as market sentiment shifted sour. Nevertheless, sellers stepped in, driving the yellow metal prices below $3,300, resulting in a solid 0.18% decline.
EUR/GBP hovering near support as UK fiscal caution faces fresh test - Rabobank
The Pound Sterling (GBP) has had a good run in recent weeks. Notwithstanding cable's uptrend this year, EUR/GBP has dropped from the year's high close to 0.8738 on April 11 to below 0.84, where it is currently finding good support from the 200-day sma close to 0.8383.
CTAs poised to pressure WTI as OPEC+ shifts strategy - TDS
CTAs will sell WTI crude in any scenario for prices this week. This selling activity is likely to be less significant than that which we expect in gold markets, but could weigh on prices nonetheless, TDS' Senior Commodity Strategist Daniel Ghali notes.
USD/CAD edges higher ahead of FOMC Minutes, with the interest rate outlook in focus
The Canadian Dollar (CAD) is trading modestly lower against the US Dollar (USD) on Wednesday, with investors awaiting the release of the Federal Open Market Committee (FOMC) Meeting Minutes at 18:00 GMT.
CTA buying set to ignite next Gold rally - TDS
CTAs will buy Gold in any scenario for prices over the coming week, TDS' Senior Commodity Strategist Daniel Ghali notes.
NZD/USD Price Forecast: Trades flat near 0.5950
The NZD/USD pair gives up a majority of its initial gains and flattens around 0.5950 during North American trading hours on Wednesday.
Gold Price Forecast: XAU/USD recovers above $3,300 with pressure building within a bull flag
Gold prices are threatening key technical layers of support on Wednesday, with Bullion searching for a fresh catalyst to drive prices out of the confines of the bull flag pattern.
EUR/JPY flattens around 163.40, investors seek fresh cues on US-EU trade talks
The EUR/JPY pair trades flat around 163.40 during North American trading hours on Wednesday. The cross consolidates as the Euro (EU) wobbles, with investors looking for fresh cues about the current status of trade talks between the United States (US) and the European Union (EU).
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