Day: August 20, 2018
Trump says he will keep criticizing Fed if it continues to raise interest rates
President Donald Trump said he disagreed with the Federal Reserve’s decision to raise interest rates, and he said the Fed should do “what’s good for the country,” according to an interview with Reuters. Trump told Reuters that he was “not thrilled” with Fed Chair Jerome Powell for raising rates. Asked whether the Fed should be …
Trump says he will keep criticizing Fed if it continues to raise interest ratesRead More
Ten economic experts debate when the US may hit the next recession
The U.S. economy is growing at a fast clip, and the bull market is entering its ninth year. But some economists are starting worry over rising interest rates and a negative signal from the bond market called a “flattening yield curve.” “The yield curve—with one exception in 1966—has basically predicted every recession,” Natixis Chief Economist …
Ten economic experts debate when the US may hit the next recessionRead More
Trump takes another shot at Fed Chairman Jerome Powell for raising rates
President Donald Trump is grousing again about his Federal Reserve chairman, telling political donors that he was hoping for easier monetary policy. Speaking at a fundraiser in the Hamptons on Friday, Trump said he thought Fed Chairman Jerome Powell would favor cheaper money and not have such a heavy hand when it comes to interest …
Trump takes another shot at Fed Chairman Jerome Powell for raising ratesRead More
Yen Yawns as Investors Look for Cues
The Japanese yen has posted losses in the Monday session. In the North American session, USD/JPY is trading at 110.46, down 0.04% on the day. In economic news, there are no data releases out of the U.S or Japan. Is the yen headed below the 110 line? This last occurred in late June, but recent …
GBPAUD Ticks Higher Cut Still Holds Below Descending Trend Line
GBPAUD is paring some of the losses from previous days but remains in a descending movement that has been holding since April 26. The pair exited from the trading range between 1.8180 and 1.8475 around mid-May and retreated sharply, posting a seven-month low of 1.7280 on August 9. The technical indicators, though, are sending neutral …
GBPAUD Ticks Higher Cut Still Holds Below Descending Trend LineRead More
WTI Oil Outlook: Renewed Downside Risk after Strong Recovery Rejection
WTI oil price stands at the back foot at the beginning of the week, following fall after strong upside rejection on Friday, weighed by weak industrial data from China and concerns over emerging market economies, with focus on Turkey. Strong bearish close last week, accompanied with last Friday’s shooting star pattern, maintain negative tone and …
WTI Oil Outlook: Renewed Downside Risk after Strong Recovery RejectionRead More
Sterling Mildly Higher But Markets Stay in Overall Consolidative Mode
The forex markets are staying in quiet consolidative mode today. Sterling trades generally higher and is the strongest one for the time of writing. But the momentum is nothing more than that we see inside corrective trading. That is, rather weak, without follow through. Swiss Franc follows as the second strongest while commodity currencies are …
Sterling Mildly Higher But Markets Stay in Overall Consolidative ModeRead More
Lack of Data Leaves Canadian Dollar Slightly Lower
The Canadian dollar is showing little movement in the Monday session. Currently, USD/CAD is trading at 1.3071, up 0.07% on the day. In economic news, there are no data releases on either side of the border. On Tuesday, Canada releases Wholesale Sales. The Canadian dollar ended the week with strong gains, climbing 0.07 percent. The …
DAX Jumps As Investors Cheer US-China Trade Talks
The DAX index has started the week with strong gains. Currently, the pair is trading at 12,322, up 0.92% on the day. On the release front, German inflation disappointed. PPI dropped to 0.2%, short of the estimate of 0.4%. There were no surprises from eurozone inflation reports in July. Final CPI came in at 2.1%, …
Quiet Start To Week With Focus Remaining On Trade, Turkey And Upcoming Jackson Hole Symposium
Notes/Observations Currency crisis in Turkey and trade talks between the US/China likely to remain in focus this week; Fed’s Jackson Hole symposium begins Thursday evening Minutes from the recent Fed and ECB meetings will be released on Wednesday and Thursday Asia: US and China reportedly plot roadmap to resolve trade dispute before President Trump-Pres Xi …
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Finance news
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