Wednesday, April 29, 2026

Latest Forex News

Dow Jones Industrial Average drops as Powell signs off: is $650B in AI capex the next risk?

Dow Jones Industrial Average drops as Powell signs off: is $650B in AI capex the next risk?

Wednesday's session had every excuse to rally. The Federal Reserve (Fed) decision was telegraphed. Big Tech earnings were teed up. The Dow Jones Industrial Average (DJIA) had reclaimed 49,000 just two days earlier.

April 29, 2026
Gold extends slide as Powell stays, Fed split lifts yields higher

Gold extends slide as Powell stays, Fed split lifts yields higher

Gold price (XAU/USD) extends its loses over 1% as the Federal Reserve holds rates unchanged and its Chair Jerome Powell hinted that he would remain in the board, until the criminal investigation against him is definitively dropped.

April 29, 2026
Securitize partners with Computershare to bring tokenized equities to US public markets

Securitize partners with Computershare to bring tokenized equities to US public markets

Securitize is partnering with Computershare, a stock transfer agent serving a majority of S&P 500 companies, to enable US public companies to issue tokenized equity alongside traditional shares, according to a statement on Wednesday.

April 29, 2026
Forex Today: US Dollar surges amid Fed's hawkish hold in Powell’s last meeting

Forex Today: US Dollar surges amid Fed's hawkish hold in Powell’s last meeting

The US Dollar Index (DXY) is trading near the 99.00 price zone on Wednesday after the Federal Reserve (Fed) decided to keep interest rates on hold. This was Chairman Jerome Powell's last meeting as head of the Fed.

April 29, 2026
Ethereum Price Forecast: ETH eyes decline to $2,200 as Fed hawkish tone weighs

Ethereum Price Forecast: ETH eyes decline to $2,200 as Fed hawkish tone weighs

Ethereum (ETH) declines below $2,300 on Wednesday after the US Federal Reserve's (Fed) decided to hold interest rates steady at 3.50%-3.75% and signaled increasing internal division over any upcoming interest-rate cuts.

April 29, 2026
AUD/USD tumbles toward 0.7100 as Powell lifts US Dollar demand

AUD/USD tumbles toward 0.7100 as Powell lifts US Dollar demand

AUD/USD drops towards 0.7100 on Wednesday, down some 1%, as the Federal Reserve (Fed) held rates unchanged and Fed Chair Jerome Powell hints that, once his term as chief ends, he will remain on the Fed’s board.

April 29, 2026
Fed recap: Holding steady, but the debate is getting louder

Fed recap: Holding steady, but the debate is getting louder

The Federal Reserve (Fed) left its policy rate unchanged at 3.50% to 3.75%, a widely expected move, but the underlying message was far from straightforward.

April 29, 2026
DXY tops 99.00 on hawkish Powell before easing into the close

DXY tops 99.00 on hawkish Powell before easing into the close

DXY climbed about 0.4% on Wednesday, rising from a session low near 98.57 to push above 99.00 intraday and peak close to 99.05 during Chair Powell's press conference before drifting back to trade about 98.98 in the closing hour.

April 29, 2026
XAU/USD slips back as the post-Powell bounce fades

XAU/USD slips back as the post-Powell bounce fades

XAU/USD declined around 1.6% on Wednesday, falling from a session high near 4,610 to a session low about 4,510 around the FOMC decision, then recovering to roughly 4,565 during Powell's press conference before slipping back to retest the 4,520 area and currently trading close to 4,534.

April 29, 2026
USD/CAD's post-FOMC spike fades during Powell's presser

USD/CAD's post-FOMC spike fades during Powell's presser

USD/CAD finished broadly unchanged on Wednesday, slipping less than 0.1% to trade close to 1.3688 after a volatile post-FOMC session.

April 29, 2026
Dow Jones Industrial Average bounces from 48,700 lows as post-Fed markets recover

Dow Jones Industrial Average bounces from 48,700 lows as post-Fed markets recover

DJIA futures dropped close to 0.7% on Wednesday, falling from a session high near 49,250 to a fresh session low around 48,700 during Powell's press conference before staging a sharp final-hour recovery that returned price to trade close to 48,790.

April 29, 2026
Fed's Powell: We are in a good place to move in any direction

Fed's Powell: We are in a good place to move in any direction

At the post-meeting press conference, Jerome Powell outlined the reasoning behind the decision to leave interest rates unchanged after the March meeting and fielded questions from reporters on the outcome.

April 29, 2026
Fed's Powell: It was a closer call today than in March

Fed's Powell: It was a closer call today than in March

At the post-meeting press conference, Jerome Powell outlined the reasoning behind the decision to leave interest rates unchanged after the March meeting and fielded questions from reporters on the outcome.

April 29, 2026
Dow Jones Industrial Average tumbles as Fed's split hold deepens dissent

Dow Jones Industrial Average tumbles as Fed's split hold deepens dissent

Dow Jones Industrial Average (DJIA) futures dropped 0.8% on Wednesday, falling from a session high near 49,250 to trade about 48,770 after touching a session low around 48,740.

April 29, 2026
GBP/USD falls as Fed holds rates steady, Powell to stay at Fed

GBP/USD falls as Fed holds rates steady, Powell to stay at Fed

GBP/USD maintains its negative intraday trend, remaining steady following the Federal Reserve’s decision to keep interest rates unchanged at Jerome Powell’s final meeting as Fed Chair.

April 29, 2026
AUD/USD tumbles toward 0.7100 as Powell lifts Dollar demand again

AUD/USD tumbles toward 0.7100 as Powell lifts Dollar demand again

The AUD/USD drops towards 0.7100, down some 1%, as the Federal Reserve holds rates unchanged and Fed Chair Jerome Powell hints that, once his term as chief ends, he will remain on the Fed’s board.

April 29, 2026
USD/CAD whipsaws around 1.3680 as Fed holds with most dissents since 1992

USD/CAD whipsaws around 1.3680 as Fed holds with most dissents since 1992

USD/CAD saw a sharp spike to a high near 1.3711 around the FOMC announcement before sellers reclaimed the move.

April 29, 2026
US President Trump: Talked about Ukraine, Iran with Putin

US President Trump: Talked about Ukraine, Iran with Putin

United States (US) President Donald Trump is hitting the wires amid the Federal Reserve (Fed) monetary policy announcement. President Trump spoke with his Russian counterpart, Vladimir Putin, about the ongoing situation between Russia and Ukraine and that of the United States with Iran.

April 29, 2026