Articles by: Miroslav Marinoff

Gold extends losses after Fed decision, Powell remarks

Spot Gold extended a string of losses on Thursday on the back of a firmer US Dollar, following a measured interest rate cut by the Federal Reserve. The Fed lowered its federal funds rate target range by 25 basis points to 4.00%-4.25% at its September meeting, in line with market consensus. The central bank also […] Read more

GBP/NOK gains, focus sets on central banks

The GBP/NOK currency pair rebounded after a recent string of losses on Wednesday ahead of the outcome of Norges Bank’s and the Bank of England’s policy meetings. The Bank of England is expected to keep its benchmark interest rate intact at 4% at its September 18th meeting. In August, the BoE lowered its key rate […] Read more

GBP/CAD holds near 11-week high ahead of BoE, BoC

The GBP/CAD currency pair held close to an 11-week high of 1.8825 on Wednesday ahead of the outcome of the Bank of Canada’s and the Bank of England’s policy meetings. The Bank of England is expected to keep its benchmark interest rate intact at 4% at its September 18th meeting. In August, the BoE lowered […] Read more

GBP/USD scales 10 1/2-week high ahead of Fed, BoE

The GBP/USD currency pair traded in proximity to a 10 1/2-week high of 1.3671 on Wednesday ahead of the outcome of the Federal Reserve’s and the Bank of England’s policy meetings. The Bank of England is expected to keep its benchmark interest rate intact at 4% at its September 18th meeting. In August, the BoE […] Read more

USD/NOK plumbs new 31-month low, focus on Fed

The USD/NOK currency pair was hovering above a fresh 31-month low of 9.8020 on Tuesday ahead of the outcome of the Federal Reserve’s two-day policy meeting. The Fed is widely expected to lower its federal funds rate target range by 25 basis points to 4.00%-4.25% at its September meeting. Markets are also pricing in a […] Read more

USD/CAD falls to 1 1/2-week low ahead of cenbank meetings

The USD/CAD currency pair was hovering above a 1 1/2-week low of 1.3762 on Tuesday ahead of the outcome of the Federal Reserve’s and the Bank of Canada’s policy meetings. The Fed is widely expected to lower its federal funds rate target range by 25 basis points to 4.00%-4.25% at its September meeting. Markets are […] Read more

USD/CHF hovers above 1-week low ahead of FOMC decision

The USD/CHF currency pair was hovering just above a 1-week low of 0.7925 on Tuesday ahead of the outcome of the Federal Reserve’s two-day policy meeting. The Fed is widely expected to lower its federal funds rate target range by 25 basis points to 4.00%-4.25% at its September meeting. Markets are also pricing in a […] Read more

Silver holds close to 14-year high, focus on FOMC

Spot Silver was mostly steady near a 14-year peak of $42.46/oz. on Monday ahead of a widely expected interest rate cut by the Federal Reserve. Annual headline consumer inflation in the US picked up to 2.9% in August from 2.7% in July, the latest data showed. Yet, market players expect it will probably not deter […] Read more

Spot Gold steadies near record ahead of Fed policy decision

Spot Gold held steady near an all-time high of $3,673.95/oz. on Monday ahead of a widely expected interest rate cut by the Federal Reserve. Annual headline consumer inflation in the US picked up to 2.9% in August from 2.7% in July, the latest data showed. Yet, market players expect it will probably not deter the […] Read more

EUR/MYR settles below 6-week high, posts weekly loss

The EUR/MYR currency pair settled below recent high of 4.9692, its strongest level since July 28th, in the wake of the European Central Bank’s policy decision. The ECB left all three of its benchmark interest rates without change: – the main refinancing operations rate – at 2.15%; – the deposit facility rate – at 2.00%; […] Read more