Analyzes

EUR/USD eases before the FOMC, with Powell’s tone set to decide whether the pair pushes toward 1.20 or faces renewed U.S. dollar strength.

GBP/USD stays bullish above 1.36 ahead of the FOMC, with traders watching 1.37–1.38 resistance as Fed risks could trigger sharp volatility.

The EUR/USD pair eased from a fresh 2025 peak of 1.1878 hit on Tuesday, as investors gear up for the Federal Reserve (Fed) monetary policy announcement.

The EUR/USD pair attracts some sellers on Wednesday, snapping a two-day winning streak and eroding a part of the previous day’s strong move up to a four-year peak amid a modest US Dollar (USD) bounce.

Gold is in the red for the first time this week, correcting from record highs above $3,700 heading into the US Federal Reserve (Fed) showdown.  

The Euro (EUR) picked up fresh momentum on Tuesday, lifting EUR/USD to new 2025 highs near 1.1880. The US Dollar (USD) stayed on the defensive, with the US Dollar Index (DXY) sliding further below the 97.00 mark to flirt with its lowest levels in three years.