GBP/USD Recovery Fails at Yearly Open
The British Pound rallied more than 2.2% off the June lows with the advance failing to breach / close above the monthly opening-range highs / yearly open resistance. These are… Read more »
Category: News
Many on FOMC see stronger case for more accommodation
Powell speaks at the Council on Foreign Relations: Many on FOMC see stronger case for more accommodation but also do not want to overreact to individual data points or short-term… Read more »
Powell says the Fed is ‘grappling’ with whether to cut interest rates
Bloomberg News/Landov Fed Chairman Jerome Powell says monetary policy should not overreact to any individual data point or short-term swing in sentiment. Federal Reserve Chairman Jerome Powell on Tuesday… Read more »
US dollar jumps after Bullard dismisses calls for 50 basis point cut, hints at only a single cut
The biggest Fed dove rules out 50 basis points There has been a quick move in the dollar, gold and stock markets on Bullard’s comments. He characterized a July cut… Read more »
EUR/CHF carves out a range after hitting a 23-month low
Consolidation ahead of a further fall EUR/CHF tried to rebound from 1.1060 once again today but was beaten back lower in the past few hours in a quick 60-pip move…. Read more »
Fiber trading near daily lows just above 1.1380
EUR/USD bear trend is at risk as the market trades above its main DSMAs. In the near term, 1.1418 is acting as resistance. EUR/USD daily chart EUR/USD is trading above… Read more »
US Dollar Forecast Undercut by US-China Trade War, Fed Rate Outlook
Top FX News Talking Points: – The US Dollar has been dragged lower by skyrocketing Fed rate cut odds: markets are now pricing in a 97% chance of two 25-bps… Read more »
U.S. consumer confidence falls to nearly 2-year low on China trade tensions, job worries
Bloomberg News/Landov Consumers are still confident, but a bit less so, in the economy despite recent hiccups such as worsening trade tensions with China. The numbers: Consumers confidence fell… Read more »
US June Conference Board consumer confidence 121.5 vs 131.0 expected
Consumer confidence data from The Conference Board Prior was 134.1 (revised to 131.3) Present situation 162.6 vs 175.2 prior (revised to 107..7) Expectations 94.1 vs 106.6 prior (revised to 105.0)… Read more »
CMC Markets Adds 3 Bespoke Crypto Indices to Offering
CMC Markets is yet again expanding its cryptocurrency offering. This Tuesday, the spread betting and contracts for difference (CFD) provider announced that it is rolling out three new cryptocurrency indices…. Read more »