Bitcoin storms into the weekend
Bitcoin has been lagging in the recovery from the broad market rout in the start of August, in part because of worries about the sale of Mt. Gox bitcoin. But…
Read More »EUR/USD touches 1.13 after Fed’s Powell signals ready to cut rates
EUR/USD rallied into its second-best day of August, climbing seven-tenths of one percent as the US Dollar tumbles across the board.
Read More »Newsquawk Week Ahead: Highlights include US PCE, UoM, Global CPI’s, and NVDA earnings
Mon: UK Market Holiday (Bank Holiday), German Ifo (Aug) Tue: CBRT Minutes, Chinese Industrial Profit (Jul), German GfK Consumer Sentiment (Sep) Wed: Australian CPI (Jul), Nvidia (NVDA) Earnings (Q2) Thu:…
Read More »Weekly Market Outlook (26-30 August)
UPCOMING EVENTS: Monday: PBoC MLF, German IFO, US Durable Goods Orders. Tuesday: US Consumer Confidence. Wednesday: Australia Monthly CPI, Nvidia Earnings. Thursday: US Q2 GDP 2nd Estimate, US Jobless Claims….
Read More »NZD/JPY Price Analysis: Sideways consolidation persists, bears to stay cautious
The NZD/JPY currency pair is consolidating sideways within a familiar range below 90.00.
Read More »US stock finish strong, led by small caps
Powell offered a lift to US stock markets but there was some mid-day angst along with signs of sector rotation into pro-cyclical small caps. Closing changes on the day: S&P…
Read More »Mexican Peso strengthens as Powell pivot weighed on US Dollar
The Mexican Peso rallied sharply against the Greenback on Friday after Federal Reserve (Fed) Chair Jerome Powell announced that the central bank is ready to begin its easing cycle.
Read More »Gold prices rise as US Dollar tumbles after Powell’s speech
Gold price edges up over 1% on Friday as the Greenback and US Treasury bond yields dive following dovish remarks from Federal Reserve Chair Jerome Powell, who signaled he’s confident…
Read More »Forexlive Americas FX news wrap: USD falls as Powell pleges “everything we can” for jobs
Powell at Jackson Hole: The time has come for policy to adjust BOE’s Bailey: Market events like two weeks ago will happen, test is whether more triggered Fed’s Goolsbee: We…
Read More »British Pound (GBP) Latest – BoE Policymaker Warns on Inflation, GBP/USD Analysis
Bank of England policymaker Catherine Mann warned this weekend that the central bank’s battle with inflation continues, underpinning Sterling’s recent uplift.
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