EUR/USD trades better bid near 1.1550 ahead of Fed decision
EUR/USD trades with modest gains near 1.1550 in the European session on Wednesday. But traders remain cautious and refrain from placing fresh bets ahead of the highly anticipated FOMC decision.
GBP/USD remains below 1.3500 after UK CPI data
GBP/USD keeps its range below 1.3500 in Wednesday's European trading. The UK annual headline Consumer Price Index rose 3.1% in August, as expected, failing to prop up BoE rate hike bets and the British Pound. The focus now turns to the US Federal Reserve interest rate decision, due later on Wednesday.
Gold clings to recovery gains above $4,300, awaits Fed
Gold struggles to capitalize on its modest intraday move higher and remains below the $4,350 level in European trading on Wednesday. The US Dollar pauses for a breather after touching a two-week high and offers some support to the commodity. Traders, however, seem hesitant to place aggressive directional bets and opt to wait on the sidelines heading into the key Fed event risk.
Bitcoin, Ethereum, and Ripple retreat as Fed rate decision looms
DEEPER DIVE
How Japan became the World's Banker and why that era may be ending
Japan's ultra-low interest rates helped finance trillions of dollars in global investments for more than a decade, making the Japanese Yen one of the world’s cheapest sources of funding. With the Bank of Japan expected to tighten policy again this week, that advantage may be entering a new phase. While most major economies raised interest rates, Japan remained the world's outlier.
Canada's 6.4% unemployment rate: Why Friday's jobs print puts the BoC's slack story on trial
The Bank of Canada held at 2.25% on Wednesday for a seventh straight meeting and rewrote the one paragraph that still argues against a hike. In July, the BoC’s statement called the labour market soft and pinned the unemployment rate inside a 6.5%-7% range it had held since the end of 2024. July's Labour Force Survey then printed 6.4%.
2% wages: Why Canada’s weak jobs data strengthens the BoC’s stance
CRYPTOCURRENCIES
Top 3 Price Prediction: BTC, ETH and XRP retreat as Fed rate decision looms
Bitcoin, Ethereum and Ripple remain under pressure and consolidate at the time of writing on Wednesday after falling more than 3%, 4% and 9%, respectively, as the Clarity Act failed to advance in the Senate on Tuesday.
Crypto Overview: Bitcoin falls to $75,000 as CLARITY Act fails to advance – Pi Network, Injective lead losses
CLARITY fails to pass Senate, what happens next?
STOCKS
TeraWulf setting a base above $10
Nasdaq 100 rebound looks strong… or is it just a trap?
The Nasdaq 100 spent the past few sessions recovering strongly from its November lows, rebounding from 24,307 and climbing back into the 25,100–25,150 mid-range zone. While the candles look convincing, the broader picture reveals a different story: the index remains trapped inside a 4H range structure.
WEEKLY FORECAST
EUR/USD: To hike or not to hike? Kevin Warsh between a rock and a hard place
Global inflation watch: Muted momentum outside of energy
Gold: Fed rate call and dot plot key for next directional action
Bitcoin: BTC retreats as macro headwinds grow
US Dollar: No country for soft landings
Week ahead – Dollar at a crossroads as CPI and ECB take centre stage
Dollar direction hinges on US CPI and the ECB decision. Treasury buybacks in focus; could fuel another rally in gold and bitcoin. Yen strength may be challenged by a strong US CPI report.
EDUCATION
How economic uncertainty changes bullion buying patterns across generations
When the economy becomes uncertain, investors react differently depending on their goals and circumstances. But, generally, periods of high inflation, market volatility, or geopolitical tension push investors to look beyond traditional assets for ways to diversify and manage uncertainty.
![You’re watching pre-market levels wrong [Video]](https://editorial.fxsstatic.com/images/i/Fear-2_Medium.png)
You’re watching pre-market levels wrong [Video]
If you trade NQ, you’ve probably been told to watch the pre-market high and pre-market low. That part is easy. The harder question is: what are you actually supposed to do when price gets there? Most traders react too quickly, and that’s usually where the trouble starts.
PRESS RELEASES
i-payout expands U.S. money transmitter licensing footprint and advances European EMI strategy
Expanded regulatory infrastructure is designed to give marketplaces, gig economy platforms, gaming and esports companies, insurance providers, affiliate networks, clinical research organizations and other enterprises greater access to flexible domestic and global payout capabilities
International Trading Institute expands professional trader development beyond the Master’s in trading
The International Trading Institute (ITI) has expanded its education offering beyond its flagship Master’s in Trading, creating a broader set of professional development pathways for traders at different stages of experience.
Reimagining finance: DIFC to convene global leaders across banking, private markets, asset management, FinTech, public policy and sustainability at Dubai Future Finance Week
Dubai International Financial Centre (DIFC), the leading global financial centre in the Middle East, Africa and South Asia (MEASA) region, has confirmed the programme for the inaugural edition of the Dubai Future Finance Week.