Fed policymaker Collins says would back September rate hike if data points to that direction
Supported keeping interest rates unchanged in July, Fed position remains “mildly restrictive” Sees the possibility that economic conditions in the coming months will require tighter policy Would be prepared to…
Read More »US President Trump: Strait of Hormuz open to all shipping except Iran
United States (US) President Donald Trump reiterated in a Truth Social post on Tuesday, “The Strait of Hormuz is open to ALL ship traffic except for Iran.” He added that…
Read More »Why lower oil prices won’t lead to lower inflation just yet
Lower oil prices generally lead to lower consumer fuel prices … but not always. There is a risk that models are overly tied to oil prices and that’s leading to…
Read More »Silver Price Forecast: Lower high structure holds, bear’s eye $55.00
Silver price retreats on Friday during the North American session, edging down by 0.54%, weighed by high US Treasury yields and a sudden shift in market sentiment, after US President…
Read More »Oil prices jump as Trump says that Iran ceasefire deal is over
So much for peace and all that, eh? US president Trump is out now in saying that “I think it’s over” on the deal/memorandum of understanding with Iran. It basically…
Read More »OPEC+ Is likely to raise oil output quotas for August by 188K BPD.
Reuters is reporting that OPEC+ is likely to raise oil output quotas for August by 188K BPD. OPEC+ will meet on Sunday. The increase would continue OPEC+’s gradual monthly unwinding…
Read More »Euro rebounds above 1.1500 on US‑Iran peace breakthrough, Fed holds rate
The EUR/USD pair recovers some lost ground near 1.1515 during the early Asian trading hours on Thursday. The Euro (EUR) strengthens against the US Dollar (USD) on improved risk sentiment…
Read More »Meanwhile.. Israel and Lebanon hostilities may be moving to a reescalation
While the US and Iran continue to pursue diplomatic negotiations, the ongoing conflict between Israel and Lebanon remains a major threat to any broader peace effort in the region. Reports…
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TRUMP TO NEW FED CHAIR KEVIN WARSH: “I Want The Fed Totally Independent!” 😰
TRUMP TO NEW FED CHAIR KEVIN WARSH: “I Want The Fed Totally Independent!” 😰 President Trump breaks a 40-year tradition, swearing in new Fed Chair Kevin Warsh at the White…
Read More »USDCHF trades new lows for the week but also near key 100 day MA support
The USDCHF traded to the low for the week on Monday, testing both the May 15 low and the 100-day moving average, where dip buyers stepped in despite a brief…
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