S&P 500 and Nasdaq 100 Rally Despite Fed’s Hawkish Hike, but Will Gains Last?
U.S. stocks rally after Fed Chairman Powell says he does not expect 75 basis points rate hikes to be commonplace during the ongoing tightening cycle. Read More
AUD/USD Reverses Ahead of Yearly Low with Australia Employment on Tap
AUD/USD may stage a larger recovery over the coming days as the exchange rate appears to be reversing course ahead of the yearly low (0.6829). Read More
SIX Signs Partnership with Risk Analytics Provider Urgentem
On Wednesday, SIX, a Swiss financial information provider, said it arranged a partnership with Urgentem, an independent provider of carbon emissions data and climate risk analytics. Among other elements, the deal aims to support Urgentem’s clients to meet climate-related requirements, which can include reporting of emissions data, tracking alignment with climate goals, and stress testing. From today, SIX will offer […]
Fed Raises Rates by 75 Basis Points in Largest Hike Since 1994 in Effort to Crush Inflation
The Federal Reserve raised its benchmark interest rate by 75 basis points to 1.50-1.75%, the third hike in the ongoing tightening cycle aimed at cooling rising inflationary pressures. Read More
Swiss National Bank (SNB): Rare spectacle of SNB interest-rate decision has markets on edge
SNB interest-rate decision, from non-event to rare Spectacle Read More
Fed Day at DailyFX: Stocks in Focus as Fed Goes for 75 + QT + SEP
Fed day is here and markets are primed for a 75 basis point hike, along with assurances of more to go along with the start of QT. This is an unprecedented shift from the FOMC and markets are hangin… Read More
Fed, ECB Surprise Drives Sentiment. Can DJI, FTSE & DAX Recover?
Markets on tenterhooks ahead of the Federal Reserve Meeting Read More
GBP/USD Price Setup Ahead of Crucial FOMC and BoE Rate Meetings
Later today we could see an aggressive 75 bps hike from the FOMC followed by the reluctant hikers at the BoE on Thursday, as the respective rate hike paths diverge Read More
Lack of Regulation: Are Online Forex Traders Safe in Nigeria?
Across Africa, online forex trading is on the rise. Nigeria is the second largest retail online forex market in the continent. According to estimates, the country has 200,000 daily forex traders. Nigeria trails behind South Africa, which although boasts of a lesser 190,000 daily FX traders record, remains the largest player in online forex trading scene in the continent. The […]
XAU/USD Price Forecast: Tipping Point for Gold as FOMC Looms? Recession Talk and USD in Focus
Spot gold is in for a rollercoaster ride today as the Fed rate decision approaches. A breakout for XAU/USD is also on the cards depending on the FOMC outcome. Read More