Interest rates news

The U.S. Federal Reserve aligned with market expectations for an interest rate cut this week, as Chair Jerome Powell announced a 25-basis-point rate cut on Wednesday, sparking a buy-the-rumor, sell-the-news reaction in Bitcoin (BTC) and the broader crypto market.

The Canadian dollar saw short-term strength after the BoC rate cut, but USD/CAD remains poised for a bullish breakout above 1.40 if FOMC guidance favors the greenback.

EUR/USD has dropped below key technical levels following the Fed’s dovish pivot, with bearish momentum building ahead of the ECB rate decision and GDP data.

Central bank votes to lower cost of borrowing even as US government shutdown limits data for decision

USD/CHF continues to consolidate near 0.79 ahead of the FOMC, with a breakout above 0.80–0.81 potentially triggering a long-term bullish trend as the dollar gains broader strength.

NZD/USD is rising cautiously toward resistance at $0.58 and the 50-day EMA, where signs of exhaustion may trigger a bearish reversal ahead of the FOMC decision.

The Nasdaq 100 held in a tight range Tuesday ahead of the FOMC decision, with bullish structure intact and key support near 25,000–25,500 suggesting more upside ahead.

USD/SGD is drifting lower near 1.29470 as traders await the Fed’s FOMC statement, with a dovish tone potentially triggering further downside in the pair.

GBP/USD remains under strong bearish pressure below the Supertrend indicator, with a potential drop to 1.3140 likely ahead of the FOMC decision amid weakening U.S. data.

EUR/USD is consolidating within a symmetrical triangle, with technical and fundamental signals pointing to a potential bullish breakout ahead of the FOMC and ECB rate decisions.

USD/CAD rebounded on Monday, holding firm near 1.40 as traders brace for interest rate decisions from both the Fed and Bank of Canada amid ongoing bullish pressure.

The S&P 500 continued its bullish run on Tuesday, trading near record highs at 6,880 as investor optimism builds ahead of the Fed’s interest rate decision.

The GBP/USD pair is under pressure ahead of the FOMC decision, with strong UK inflation and expected US rate cuts fueling a bearish technical setup.

The EUR/USD went into this weekend near the 1.16265 ratio, this after touching the 1.16500 vicinity briefly on Friday in the aftermath of the U.S CPI numbers being released.

The price increases remained milder than feared, keeping the US central bank on track to cut interest rates next week.