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BREAKING: USD gains slightly after FOMC minutes

XTB | 2023-05-29 17:05

Abstract:FOMC minutes were released at 7:00 pm BST today. Document related to May 2-3, 2023 meeting during which Fed strongly hinted that it may pause its rate hike cycle. Minutes have mostly echoed FOMC statement and Powell's comments during press conference and did not include any major surprises.

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FOMC minutes were released at 7:00 pm BST today. Document related to May 2-3, 2023 meeting during which Fed strongly hinted that it may pause its rate hike cycle. Minutes have mostly echoed FOMC statement and Powell's comments during press conference and did not include any major surprises. Key takeaways:

• Officials agreed that inflation was still unacceptably high

• Officials were divided whether further interst rate hikes are necessary

• 'Some' officials saw additional tightening as needed while 'several' saw it as appropriate to halt hikes

• Officials stressed need to emphasize data-dependent approach

• Some officials said that statement should neither hint at rate cuts, nor at need for more rate hikes

• Officials see timely increase in US debt limit as essential to avoid risk of adverse dislocations in the financial system

• Most officials saw rising downside growth risks on credit

• Almost all officials see upside risks to inflation outlook

• Extent of potential hikes had become less certain

• Fed staff sees mild recession as likely near the end of the year

US dollar ticked higher following the release but scale of move has been small. This should not come as a surprise given that FOMC minutes showed barely anything new. US equity indices moved around 0.1% lower in the first 5 minutes following minutes release.

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EURUSD moved lower in intiial reaction to FOMC minutes but has since erased all of the move and is trading little changed compared to pre-release levels.

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Pepperstone Review 2026: Massive Deposit & Withdrawal Complaints Against This Regulated Broker

Have you experienced issues with Pepperstone deposit & withdrawal processing? From your experience, do you feel that the Australia-based forex broker causes losses to its clients? Did the brokerage entity freeze your account and give you a margin call? All these trading allegations have been rampant on broker review platforms such as WikiFX. This Pepperstone review article takes a close look at the user complaints, especially in 2026. Additionally, we have given an overview of the regulatory framework under which the brokerage entity operates.

Original 2026-06-06 14:42

Wundersys vs tradgrip: Two Offshore Newcomers Go Head to Head — and Neither Brings Home a Trophy

Some broker comparisons end with a confident "go with this one." This is not one of them — and that honesty is exactly what makes it worth reading. Wundersys and tradgrip are two young, offshore-registered brokers that keep popping up in front of beginner traders, often through aggressive online marketing. Both promise the usual buffet: tight spreads, generous leverage, multiple account tiers. And both, according to WikiFX, sit near the very bottom of the safety scale. So instead of crowning a champion, this comparison is really about something more useful: learning to read the warning signs, understanding the small differences that still matter, and knowing why "the better of two risky options" is still a conversation about risk.

Original 2026-06-05 17:58

The 6 Lowest-Commission Forex Brokers South Asian Traders Are Flocking To in 2026

If you trade forex from India, Pakistan, Bangladesh, Sri Lanka, or Nepal, you already know the quiet truth that eats into every trader's results: it is not just the market that decides whether you profit — it is the cost of getting in and out of each trade. Shave a couple of dollars off your commission on every lot, multiply it across hundreds of trades a year, and you are looking at the difference between a strategy that works and one that bleeds out slowly. South Asian traders are some of the most cost-conscious in the world, and rightly so. So we pulled the data on the brokers most often recommended for the region, cross-checked every name on WikiFX, and ranked them by the one number that matters most here: what they actually charge you to trade. Before the list, one quick lesson that will make this whole ranking click.

Original 2026-06-05 13:44

XPO Fund Wants $10,000 Before You Trade a Single Real Dollar — Read This Stunning Revelation

If you have spent even a week inside trading communities lately, you already know the pitch by heart. Pass a quick "challenge," get handed a funded account worth tens of thousands of dollars, and keep up to 80% of everything you make. No risking your own savings, no slow grind of building capital from scratch — just skill, a small fee, and a fast track to the big leagues. It is the exact dream every new trader is secretly chasing, and an entire industry has sprung up to sell it. XPO Fund is one of the louder voices selling that story right now. Its website is slick, its plans sound generous, and its marketing leans hard on words like "industry's lowest fee" and "fast payouts." But before you reach for your card, there is one number sitting quietly on this firm's profile — a number it would rather you scroll past — that every experienced trader would beg you to look at first. And no, it is not the profit split. Let's pull XPO Fund apart piece by piece: what it actually is, who is real

Original 2026-06-04 21:03

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