USD/JPY Pair Is Now Correcting Higher From The 109.58 Low
The US Dollar started a decline from well above the 110.20 level against the Japanese Yen. The USD/JPY pair broke the key 110.00 support zone to move into a bearish zone. The pair even broke the 109.80 support and settled...
Mortgage rates just dropped to a six-month low, and refinances shoot higher
A real estate agent stands in the doorway as Giovani and Nicole Quiroz of Brooklyn, New York visit an open house in West Hempstead, New York. Raychel Brightman | Newsday LLC | Newsday | Getty Images The popular 30-year fixed...
USD/CAD Bullish Sentiment
On Tuesday, the US Dollar surged by 61 pips or 0.49% against the Canadian Dollar. The currency pair breached the 50– hour simple moving average at 1.2567 during Tuesday’s trading session. Buyers are likely to continue to drive the USD/CAD...
IMF warns that inflation could prove to be persistent and central banks may need to act
The International Monetary Fund warned Tuesday that there’s a risk inflation will prove to be more than just transitory, pushing central banks to take pre-emptive action. The issue is currently dividing the investment community, which has been busy contemplating whether...
The Dollar Remains Slightly In The Defensive Ahead Of The Fed Meeting
Markets Contrary to Monday, European and US markets yesterday failed to withstand a new risk-off wave initiated by China’s regulatory overhaul. US data (durable goods orders, House prices, consumer confidence) were ok or even strong, but failed to change the...
Barclays beats profit estimates and ups shareholder payments as equities, investment banking surge
Barclays and HSBC buildings are seen amid the outbreak of the coronavirus disease (COVID-19), in London, Britain October 20, 2020. Matthew Childs | Reuters Barclays beat second-quarter profit expectations on Wednesday and boosted returns to shareholders, with its investment banking...
Sterling Firm, Dollar Mixed, as Focus Turns to FOMC
Asian markets continue to trade in risk averse mode today but selling has somewhat decelerated. Commodity currencies remain the weakest ones for the weak on risk-off sentiment, while Aussie is ignoring stronger than expected inflation reading. Yen and Swiss Franc...
The Fed could sound more worried about the virus and less ready to tighten policy
Federal Reserve Chair Jerome Powell testifies during a U.S. House Oversight and Reform Select Subcommittee hearing on coronavirus crisis, on Capitol Hill in Washington, June 22, 2021. Graeme Jennings | Pool | Reuters When the Fed emerges from its July...
Canadian Dollar Dips, CPI Ahead
The Canadian dollar has reversed directions on Tuesday and is in negative territory. Currently, USD/CAD is trading at 1.2582, up 0.30%. It has been a frigid summer for the Canadian dollar, as USD/CAD has jumped 4.3% since June 1. The...
Chinese Crackdowns Hit Stock Indices, Send USD/CNH higher
The crackdown by the Chinese government on big tech companies, such as Alibaba and Tencent, has spilled over into other sectors, causing investors to flee stock markets. After the government began laying heavy fines and penalties on tech companies over...
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