FOMC Meeting: Why is so Important and how to Trade
The Federal Reserve is the most important central bank in the world because of the special role the US dollar plays as a reserve currency. Therefore, traders always pay close…
Read More »FX Update – August 14 – USD Consolidates at lows
EURUSD, H4 The main currencies have settled in narrow ranges, with the Dollar consolidating above yesterday’s lows after a two-day decline. The USDIndex (DXY) has steadied in the lower 93.0s,…
Read More »Japan – Jibun Bank/Markit July PMI Services 45.4 (prior 45.0) and Composite 44.9 (prior 40.8)
P Comments from Markit: The ‘ dependent on the virus’ viewpoint is a constant caveat, as Fed Chair Powel said last week, almost the same as Markit here:
Read More »More from Fed’s Evans on the US economy, Federal Reserve policy
Chicago Federal Reserve Bank President Charles Evans spoke earlier. Headlines are here: have a bit of a recap up if you want a little more: Reuters – Evans said easing…
Read More »Dow Tests 26,400 Support as Sentiment Sours, Gold Breaks above $1,900
The Dow Jones fell to 26,400 support on virus and geopolitical headwinds. Gold surged above 1,900 to a nine-year high. Fed meeting, US GDP, earnings in focus.
Read More »Fed’s balance sheet sees largest weekly drop in over 11 years
The US Federal Reserve’s (Fed) balance sheet size declined by about $88 billion to $6.97 trillion in the week ended July 8, versus $7.06 trillion a w
Read More »Its Fed day! FOMC monetary policy decision due Wednesday – preview
Federal Open Market Committee announcement due at 1800GMT on 10 June 2020. – Chair Powell will have his news conference following at 1830GMT Earlier previews:
Read More »FOMC meet this week – another gold support coming up
I posted earlier on the Fed Roadmap and its support for gold: Guggenheim’s Minerd likes gold – "accumulation of gold … a responsible policy response" A snippet along the same…
Read More »The Federal Reserve decision is Wednesday: Three things to watch for
The Fed has executed the pump; watch out for the dump The Federal Reserve decision is on June 10 and it’s shaping up to be a bigger event than anticipated…
Read More »Gold is up, Stocks under pressure
XAUUSD,H1 Gold kept its uptrend after US GDP fell to -5%, lower than the -4.8% expected. On the other hand, ongoing tensions between the US and China is increasing ahead…
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