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.
EUR/USD nears year low amid a hawkish Federal Reserve
EUR/USD accelerated its slump after the Federal Reserve trimmed interest rates as expected but also released a dot-plot showing lesser interest rate cuts in 2025. The "hawkish cut" boosts demand for the US Dollar.
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.
Bitcoin, crypto market set for massive dump following Trump's inauguration: Arthur Hayes
Bitcoin (BTC) and the crypto market could face a massive sell-off as expectations for Donald Trump's administration of pro-crypto policies could be short-lived, according to Arthur Hayes.
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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