Fed Chairman Powell now sees current interest rate level ‘just below’ neutral
Federal Reserve Chairman Jerome Powell said Wednesday he considers the central bank’s benchmark interest rate to be near a neutral level, an important distinction from remarks he made less than two months ago. “Interest rates are still low by historical...
USD/JPY – Strong Dollar Pushes Yen Close to 114
The Japanese yen has ticked lower in the Wednesday session. In North American trade, USD/JPY is trading at 113.91, up 0.11% on the day. On the release front, U.S. Preliminary GDP for the third quarter gained 3.5%, just shy of...
USDCAD Bullish at 5-Month Peak, Eyes Highest Since Mid-2017
USDCAD touched a fresh five-month high of 1.3358 on Wednesday, trading not far below its firmest since June 2017 of 1.3385 hit in late June of the current year. The Tenkan- and Kijun-sen lines are positively aligned on the daily...
Dollar Unfazed from Morning Data Dump and Fed Report; All Eyes on Powell
A wrath of US economic data had little impact on the US dollar early in New York as markets eagerly await Fed Chair Powell’s keynote speech at Economic Club of NY at 12:00 EST (17:00 GMT). The market will be...
WTI Oil Outlook: Bears Regaining Control after Recovery Stalled; OPEC Meeting Next Week Key
WTI oil holds in red on Wednesday and dipped below $51 handle, retracing over 61.8% of two-day $50.09/$52.53 recovery and signaling that corrective phase might be over. Oil bears took a breather after falling over 6% last Friday, helped by...
Fed warns that a ‘particularly large’ plunge in market prices is possible if risks materialize
The Federal Reserve issued a cautionary note Wednesday about risks to financial stability, saying trade tensions, geopolitical uncertainty and a buildup in corporate debt among firms with weak balance sheets pose strong threats. In a lengthy first-time report on the...
Sterling Makes a Come Back, Dollar Awaits Fed Powell
The British Pound makes a strong come back today and is trading as the strongest one at the time of writing. UK government released its long term Brexit economic analysis, showing that Prime Minister Theresa May’s Brexit deal could bring...
US third-quarter GDP growth unrevised at 3.5%
The U.S. economy slowed in the third quarter as previously reported, but the pace was likely strong enough to keep growth on track to hit the Trump administration’s 3 percent target this year. Gross domestic product increased at a 3.5...
Mnuchin reportedly asked around to see if there are alternatives to Fed rate hikes
With the Federal Reserve under fire for raising interest rates, Treasury Secretary Steven Mnuchin has been looking to see if there are other ways to normalize monetary policy, according to a report. Mnuchin has been asking some of the biggest...
Macaskill on markets: 2019 will be the ‘year of the fee’
JANUARY SoftBank chief executive Masayoshi Son declares 2019 the “Year of the fee” and invites banks to an everlasting pitch. “Our goal is to be the number-one fee payer to banks in the world and also the universe,” says Son....
Signal2forex.com - Best Forex robots and signals




