Fed O’clock
The Federal Reserve (Fed) will announce its latest monetary policy decision today and is broadly expected to maintain its near-zero interest rates and massive bond purchases strategy unchanged at this month’s meeting. Because there will be no policy change, the...
Samsung family announces plans to pay off more than $10 billion of inheritance tax
A Samsung flag (R) and South Korean national flag flutter at the company’s Seocho building in Seoul on April 28, 2021. JUNG YEON-JE | AFP via Getty Images SINGAPORE — The family of Samsung Electronics’ late chairman announced Wednesday they...
Aussie Tumbles after CPI, Yen Falls as FOMC Awaited
Australian Dollar tumbles broadly in Asian session after weaker than expected CPI data. Sterling is following as the second weakest , and then New Zealand Dollar. Dollar firms up mildly as traders await FOMC rate decision, but the rebound is...
Elliott Wave View: Copper Should Remain Supported
Short term Elliott wave view in Copper (HG) suggests the rally from April 1, 2021 low is unfolding as a 5 waves impulse Elliott Wave structure. Up from April 1 low, wave 1 ended at 4.16 and pullback in wave...
Americans support Biden’s spending and want him to spend more, polls show
President Joe Biden delivers remarks on the administration’s coronavirus disease (COVID-19) response outside the White House in Washington, U.S., April 27, 2021. Kevin Lemarque | Reuters Americans broadly back the big-ticket spending proposals that have defined President Joe Biden’s first...
Jerome Powell is a heavy favorite on Wall Street to be renominated as Fed chair
US Federal Reserve Chairman Jerome Powell gives a press briefing after the surprise announcement the FED will cut interest rates on March 3, 2020 in Washington, DC. Eric Baradat | AFP | Getty Images Federal Reserve Chairman Jerome Powell is...
USD/TRY: Turkish Lira Bounces from One-Month Low But Overall Picture Remains Negative
Turkish lira rebounded from new one-month (8.4340) posted on Monday, as traders collected profits after the last week’s advance showed signs of stall on approach to Mar 30 /22 lower tops (8.4443 / 8.5015). Despite fresh strength, overall lira’s picture...
USD/TRY: Turkish Lira Bounces from One-Month Low But Overall Picture Remains Negative
Turkish lira rebounded from new one-month (8.4340) posted on Monday, as traders collected profits after the last week’s advance showed signs of stall on approach to Mar 30 /22 lower tops (8.4443 / 8.5015). Despite fresh strength, overall lira’s picture...
FOMC Policy Meeting: Policymakers May Keep Their Cards Close to Their Chest
The Fed’s policymaking arm will conclude its two-day policy review on Wednesday, with the announcement and the press conference expected to hit the headlines at 18:00 GMT and 18:30 GMT respectively. There are rumours that bond tapering talks may wrap...
The Fed will stay put in 2021 despite growing concerns about overheating economy, CNBC survey says
Federal Reserve Jerome Powell testifies during a Senate Banking Committee hearing on “The Quarterly CARES Act Report to Congress” on Capitol Hill in Washington, U.S., December 1, 2020. Susan Walsh | Reuters The Federal Reserve will remain on hold for...