The Fed did not change interest rates at its December meeting but more importantly no single FOMC member saw a cut in 2020 and 2021 so the bar for such decision could be really high. That’s supportive for the dollar we are also seeing a modest decline on Gold. Keep in mind that J.Powell will start his post-meeting conference in less than 30 minutes.
Daily summary: Sense of relief to global markets🎢 OIL prices dip 8%🚨
BREAKING: US ISM Manufacturing - Strong Beat Across the Board
Eurozone PMIs: German Factory Revival Masks Underlying Stagnation 🇪🇺
Chart of the Day: Yen Falls From 40-Year Highs – What’s Next? (03.08.2026)