Hi, it’s Thursday on The Traders Podcast, and this is a special crisis episode, where your host Rob Booker reports on a drastic move (depicted at right) where the Swiss franc gives up. Also: Bitcoin is collapsing, and we don’t know why yet… But Rob speculates. And Jason makes a quick prediction about the Academy Awards Best Picture nominees.
And while you still can, don’t forget to check out Rob’s early bird signup for the newest version of his trading course (releasing this upcoming Friday, January 16) — Trifecta 4.
Editors’ Picks
EUR/USD remains on the defensive below 1.0400 on hawkish Fed rate cut
The EUR/USD pair weakens to near 1.0370 during the Asian trading hours on Thursday. The hawkish rate cut by the US Federal Reserve lifts the US Dollar and drags the major pair lower.
GBP/USD trims early gains and reaches fresh December lows
GBP/USD trimmed early gains and fell to fresh intraday lows in the 1.2550 price zone following the United States Federal Reserve's announcement. Financial markets rushed to buy the US Dollar ahead of the Bank of England monetary policy decision on Thursday.
USD/JPY jumps above 154 after a hawkish Fed and ahead of BoJ
The USD/JPY pair is trading well above the 154.00 mark after the US Federal Reserve delivered a hawkish 25 bps rate cut. The Bank of Japan is expected to remain on hold, although a rate hike can't be ruled out.
Editors’ Picks
USD/JPY jumps above 154 after a hawkish Fed and ahead of BoJ
The USD/JPY pair is trading well above the 154.00 mark after the US Federal Reserve delivered a hawkish 25 bps rate cut. The Bank of Japan is expected to remain on hold, although a rate hike can't be ruled out.
AUD/USD refreshes multi-year low amid post-FOMC USD strength
AUD/USD dropped to the 0.6200 mark or over a two-year low this Thursday and seems vulnerable to extending its descending trend. The RBA's dovish shift, concerns about China's fragile economic recovery and Trump's tariff plans continue to undermine the Aussie.
Gold nears $2,600 after Fed's decision
Gold fell towards $2,600 and trades nearby as the Federal Reserve's hawkish cut sent investors into safety. Demand for the US Dollar outpaces that of the bright metal as US, officials foresee fewer interest rate cuts in 2025.
Bank of Japan set to hold interest rates steady as rising inflation hints at early-year hike
After concluding its two-day monetary policy review on Thursday, the Bank of Japan is expected to hold the short-term interest rate at 0.25%. The BoJ policy announcements will likely provide fresh cues on the central bank’s rate hike outlook, injecting intense volatility in the Japanese Yen.
Sticky UK services inflation to come lower in 2025
Services inflation is stuck at 5% and will stay around there for the next few months. But further progress, helped by more benign annual rises in index-linked prices in April, should see ‘core services’ inflation fall materially in the spring.
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