Powell is expected to say the Fed will keep doing whatever it can while it considers its next move
Federal Reserve Chairman Jerome Powell speaks at his news conference following the two-day meeting of the Federal Open Market Committee (FOMC) meeting on interest rate policy in Washington, January 29, 2020. Yuri Gripas | Reuters The Federal Reserve is expected...
GBP/USD Outlook: Bulls Approach Psychological 1.30 Barrier, Fed Eyed For Fresh Signals
Cable extends steep bull-leg into ninth consecutive day and cracks barriers at 1.2970/76 (weekly cloud top /11 Mar high) the last obstacles on the way to psychological 1.30 resistance. Fresh weakness of the dollar in expectations of dovish Fed, push...
Gold Advances Suppressed By All-Time High
Gold maintains a horizontal trajectory pressed below the all-time high of 1,981 but is still in a strong bullish mode in the long-term picture. A paused state of directional momentum is reflected in the Ichimoku lines as the price rests...
Tough Stimulus Talks Weigh On Markets, Dovish Fed Might Help
Dollar finds support from stalled stimulus talks amid splits in Congress Stocks struggle on poor earnings, stimulus delay; gold pauses rally Fed might bring some cheer if it reinforces dovish message Fiscal cliff worries mount as talks drag on Fears...
Dollar Soft Awaiting FOMC, Overall Movements Limited
Dollar remains generally weak today as recovery attempts faltered quickly. Though, selling remains centered against European majors and Yen. FOMC monetary policy decision is a focus today but it’s unlikely to give the greenback any sustainable support. Overall, major pairs...
Argentina is unsure it can pay its debt offer
The government of Argentina says it cannot increase the value of its repayment offer to the country’s creditors because “we are not 100% confident that we can afford [what we have already offered].” An unnamed government official tells Euromoney that...
Fintech unicorn TransferWise sees valuation climb to $5 billion
In this photo illustration, the TransferWise app is seen displayed on an Android smartphone with a vintage turntable in the background. Guillaume Payen | SOPA Images | LightRocket | Getty Images Fintech start-up TransferWise is now valued at $5 billion...
Getting rid of extended jobless benefits would come with a big economic hit
Cutting unemployment benefits to workers displaced during the pandemic could push people back to their jobs sooner but also take another slice out of an already reeling U.S. economy. Democrats and Republicans are parrying over what to do now that...
EUR/GBP: Fresh Weakness Emerges from Bull-Trap
The cross dips on Tuesday after bulls got trapped above 0.9113 Fibo barrier (76.4% of 0.9175/0.6937), with long upper shadows of several daily candles, signaling stall. Fresh weakness cracked 10DMA (0.9080) and pressure pivotal Fibo support at 0.9067 (38.2% of...
USDJPY Remains Pressured Below Key Resistance
On the U.S. economic data front, the Conference Board’s Consumer Confidence Index declined to 92.6 on month in July (95.0 expected), from a revised 98.3 in June. Wednesday will be a busy day for U.S. Economic data. Here is what...
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