EUR/USD Outlook: Strong German Data And Fed Inflated Euro But Gains Are Unlikely To Last Longer
The Euro extends recovery on Thursday, as better than expected German labor and inflation data added to positive near-term sentiment. The single currency was also supported by weaker dollar, driven by dovish Fed and month-end selling. Although the fundamentals are...
AUDJPY Still Bearish
Technical analysis The AUDJPY pair is bearish and is close to stage a major technical breakout under its lower daily Bollinger Band. The Bollinger Bands are also slopping downwards, which is bearish. The daily time frame shows that significant amounts...
Dollar Falls Broadly after Fed, Q2 GDP Next
Dollar drops broadly overnight and stays weak, even though Fed acknowledged that progress has already been made in the economy. Uncertainty in the risk markets is keeping Aussie soft too. But Canadian Dollar is apparently rebounding with resilience in oil...
RBA Back In The Same Boat As The FOMC, Despite Higher Inflation
Australia inflation increased to 0.8% QoQ in Q2 from 0.6% in Q1. However, the continued persistence of the Delta variant in Australia remains a worry. Although Melbourne has just come out of a 5 Day lockdown, Sydney remains in lockdown...
Fed holds rates near zero, says economy has gotten better even with pandemic worries
The Federal Reserve on Wednesday held its benchmark interest rate near zero and said the economy continues to progress despite concerns over the pandemic spread. As expected, the Federal Open Market Committee concluded its two-day meeting by keeping interest rates...
FOMC Review: Economy Moving Toward Inflation and Employment Goals. FOMC Minutes and Jackson Holes in Focus
The Fed sounded cautiously optimistic at the July meeting. The members acknowledged continued improvements in economic activities and that “the economy has made progress toward” the “maximum employment and price stability goals”. While leaving all monetary policy measures unchanged, Chair...
Stocks making the biggest moves after hours: PayPal, Facebook, Ford and more
The PayPal app shown on an iPhone Katja Knupper | DeFodi Images | Getty Images Check out the companies making headlines in after the bell. Facebook — Shares of the social media giant fell more than 3% after warning of...
EURGBP tests 0.85 lower border of trading range
EURGBP is in the vicinity of the base of the 3½-month sideways market after having surrendered its recent gains up to 0.8670. The 100- and the 200-day simple moving averages (SMAs) are weighing on the pair, keeping downside pressures alive,...
Canadian Inflation Near Expectations; Focus on Central Bank Differences; USD/CAD
If the BOC continues its tapering journey and the FOMC continues to be dovish, CPI may continue to fall in Canada while it continues to increase in the US Canadian CPI for June was 3.1% YoY vs 3.2% expected and...
Dollar Trying to Recover ahead of FOMC, Market Sentiments Steady
Dollar is trying to recover in early US session but upside is limited so far. Overall market sentiments stabilized as US stocks might have regained footing for another take on new records. Also, traders are turning a little bit more...
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