SuperForex
📉 International: Canada Leads with Rate Cut, Positive Signs from US Employment Data On Wednesday, the Bank of Canada cut its key interest rate by 25 basis points, from 5% to 4.75%, as expected. Governor Tiff Macklem hinted at further rate cuts if inflation eases. This move led to a short-term increase of approximately 40
🌏 International News: The Federal Reserve remains hawkish, delaying rate cuts and boosting market optimism for the USD. Despite April’s CPI data showing a significant cooldown 📉, recent Fed statements indicate no rush for rate cuts, emphasizing the need for more evidence of inflation decline 📊. The Fed’s meeting minutes revealed concerns over insufficient inflation
The EUR/USD couldn’t maintain its bullish momentum, while GBP/USD pauses after a breakout. 🇪🇺💶 EUR/USD Technical Analysis: Early Friday (May 17th), EUR/USD slightly rebounded to around 1.0873 after hitting a low of 1.0854. Yesterday, the pair faced resistance, failing to continue its bullish breakout from the previous day. It slightly pulled back but remained stable
US Fed Holds Rates, Powell Cautious on Rate Cuts 🗓️ May 1 – In the latest FOMC meeting, the Federal Reserve maintained its target interest rate range at 5.25% to 5.50%. Starting June, the pace of quantitative tightening will slow, aligning with market expectations. Fed Chair Jerome Powell emphasized that the timeline to gain confidence