EUR/USD and GBP/USD Rallies Fuelled by Ongoing US Dollar Weakness
The UD dollar continues to weaken ahead of today’s FOMC minutes and Fed chair Jerome Powell’s Jackson Hole appearance on Friday
Read More »Forexlive Americas FX news wrap: Non-farm payrolls revisions cut 818,000 jobs
Non-farm payrolls benchmark revisions -818K FOMC Minutes: Vast majority said it would likely be appropriate to cut at next meeting EIA weekly crude oil inventories -4649K vs -2672K expected RFK…
Read More »Pound Sterling stabilizes above 1.3000 as Fed minutes hog limelight
The Pound Sterling (GBP) holds onto gains above the psychological support of 1.3000 against the US Dollar (USD) in Wednesday’s New York session.
Read More »ECB’s Panetta says he hopes the central bank cuts rates in September
That’s an unusual thing for a central banker to say but the market is pricing in a 93% chance of a cut on Sept 12. This article was written by…
Read More »USD/JPY nudges back above 146.00 mark in back and forth trading today
The bounce comes as buyers look to be holding at the 145.00 mark, at least for the time being. That being said, even with the push back above 146.00, it…
Read More »EUR/GBP hovers around 0.8550 with grappling to extend gains as PMI figures loom
EUR/GBP hovers around 0.8540 during the early European session on Wednesday, grappling to extend its winning streak.
Read More »Strong Yen Weighed on Japan’s Trade Balance in July, Fed Speakers up Next
The significant strengthening of the yen added to Japan’s trading deficit in July but economists and the market as a whole still expect another rate hike in December
Read More »UK Unemployment Rate Falls Unexpectedly, but Major Concerns Reappear
In June the UK Unemployment rate dropped, defying expectations while average earnings remained steady. However, July’s sharp rise in unemployment claims raises concern
Read More »PBOC is expected to set the USD/CNY reference rate at 7.1317 – Reuters estimate
People’s Bank of China USD/CNY reference rate is due around 0115 GMT. The People’s Bank of China (PBOC), China’s central bank, is responsible for setting the daily midpoint of the…
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