Broader US stock indices fight for a positive week with less than an hour to go
With less than an hour left to go in trading, the broader stock indices are trying to fight its way to a positive close for the trading week. Both the…
Read More »Fed’s Bowman: Cautious on rate cuts, eyes upside inflation risks
“I am not confident that inflation will decline in the same way as in the second half of last year.” Inflation still “uncomfortably above” 2% target Labor market showing signs…
Read More »FTSE 100 and S&P 500 higher, but Nikkei 225 drops back
While the FTSE 100 and S&P 500 have powered higher, the Nikkei 225 has given back its gains from the aftermath of the Bank of Japan decision.
Read More »Forexlive Americas FX news wrap 9 Aug: A dull Friday ends a volatile week
Broader US stock indices fight for a positive week with less than an hour to go Crude oil futures and settle at $76.84 Key events and releases for next week’s…
Read More »Bank of England Narrowly Votes for 25-Bps Cut – GBP, Gilts Little Changed
The Bank of England cut rates but the decision was a fine one. Inflation is expected to remain above 2% as the committee focuses on potential second round effects on…
Read More »CNY: What’s been driving a stronger renminbi? – MUFG
The main economic data release overnight was the latest CPI report from China for July, MUFG FX analyst Lee Hardman notes.
Read More »EUR/USD: Stuck in a range between 1.06 and 1.10 this year – Rabobank
In the year-to-date USD/JPY has traded in a mighty range that has stretched almost from 140 to 162.
Read More »USDCAD has its share of ups and downs over the last few days. Seller bang against support.
The Canada jobs data had something for everyone today. The unemployment rate was steady vs. last month at 6.4%, but lower than the estimate of 6.5%. The employment data showed…
Read More »Bitcoin (BTC) Testing Technical Resistance, Gold (XAU) Nudging Higher
Bitcoin has rallied sharply off Monday’s spike low but further gains are currently capped by a pair of simple moving averages.
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