FOMC Preview
When? Wednesday 16th September (6pm GMT) What to expect – advertisement – The Federal Reserve Open Market Committee convenes this week for the first time since Fed Chair Jerome Powell announced that the central bank would shift towards average inflation...
States try to plug gaps in Trump’s $300 unemployment benefit program
Rhode Island Gov. Gina Raimondo. Barry Chin/The Boston Globe via Getty Images Minimum benefits Most states set a minimum unemployment benefit below $100 a week, which creates the conundrum for some workers. Rhode Island, for example, pays a minimum benefit...
Crude Oil in a Bearish Reversal
Crude oil started impulsively declining from the 43.75 level, which suggests a top in place, and a minimum three-wave reversal to be underway. We see a possible completed five-wave decline now in wave A, therefore latest rally can be part...
USD/CAD Unchanged on Light Calendar
The Canadian dollar ended the week quietly and the lack of activity has continued on Monday. In the North American session, USD/CAD is trading at 1.3177, unchanged on the day. There are no US or Canadian events on the schedule....
Sterling Recovers Mildly ahead of an Eventful Week, Dollar Treads Water
Trading in the forex markets remain generally subdued for now. While US stocks are set for a rebound, currency traders are not to bothered with that. Sterling is so far the stronger one for today, as traders take profits on...
AUD/USD Pair Started Consolidating In A Broad Range Below 0.7300
The Aussie Dollar recovered and settled above the 0.7250 resistance level against the US Dollar. The AUD/USD pair started consolidating in a broad range below the 0.7300 resistance zone. It seems like the pair is trading inside a contracting triangle...
Equities Head Higher In Early Asia
US equity index futures moved higher early this morning following a mixed finish by the physical market on Wall Street on Friday. The rally is likely driven by the weekend announcement that Nvidia will buy ARM from SoftBank. SoftBank’s sale...
BOE Preview – BOE to Signal More Easing on Weak Recovery and Brexit Uncertainty
Renewed uncertainty of Brexit talks, sharp selloff of sterling last week and increased speculations of further rate hike have made this week’s BOE meeting a closely-watched one. While the central bank is expected to leave the policy rate and QE...
NZD Mildly Higher on Lockdown Exit, Yen Awaits Breakout
New Zealand Dollar trades generally higher in otherwise quiet markets today. The news of lockdown exit is lift sentiments on Kiwi, even though upside is relatively limited. Other major forex pairs and crosses are bounded inside Friday’s range though. Trading...
FOMC Preview – Policy Incorporating Average Inflation Targeting. New Economic Forecasts and Dot Plots Awaited
After announcing to adopt a new monetary policy framework at Jackson Hole symposium weeks ago, the focus of the upcoming FOMC meeting is on the more clarification of average inflation targeting, the members’ view on the economic outlook (to be...
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