Dollar Recovers in Range Bound Markets, No Breakout Yet
The financial markets continue to be range bound today, as traders seem to be holding their bets before Friday’s US job report. Dollar is recovering mildly but it’s held below next term resistance levels. Sterling is currently the stronger one,...
NFP: US Jobs Recovery To Get Back On Track But Will It Be Enough For The Fed?
Markets are still reeling from the April jobs report as the massive shortfall from the estimates killed any expectations that the Fed would begin tapering in the summer. The May report is not anticipated to be as much of a...
U.S. inflation is transitory but could become more persistent, says ex-Fed official Dudley
The recent spike in U.S. inflation is likely transitory for now — but it could become more persistent in the coming years as more people return to work, said former New York Fed President William Dudley. “I think that the...
Swiss Franc Higher in Subdued Trading, Dollar and Sterling Soften
Trading continued to be rather subdued in Asian session. Major pairs and crosses are staying inside yesterday’s range, as well as last week’s range. Sterling is currently the weakest one, after failing to follow through the rally attempt earlier this...
Market Morning Briefing: Pound Has Bounced From 1.4143
STOCKS Dow is moving up towards the upper end of its 33500-35000 range in line with our expectation. DAX has just broken above its 14800-15500 range on the upside as expected and can rise to 15800-16000 while this break sustains....
U.S. Treasury Secretary Yellen and China’s vice premier talk about cooperation and economic recovery
The flags of China, U.S. and the Chinese Communist Party are displayed in a flag stall at the Yiwu Wholesale Market in Yiwu, Zhejiang province, China, May 10, 2019. Aly Song | Reuters BEIJING — China’s Vice Premier Liu He...
Market bull predicts calmer June but delivers a summer swoon warning
Investors may get relief from volatility this month. According to CFRA Research’s Sam Stovall, Wall Street just entered a historically calm month. “June really is sort of a lackluster month in terms of average returns [and] in terms of frequency...
Pound Dips Despite Strong Manufacturing PMI
The British pound has reversed directions on Tuesday. The pair is currently trading at 1.4173, down 0.29% on the day. On the fundamental front, UK Manufacturing PMI accelerated for a fourth straight month. The PMI surged in May, rising from...
WTI Oil Outlook: Oil Surges to 31-Month High on Hopes for Strong Rise in Demand
Oil prices surged on Tuesday, inflated by expectations for growing fuel demand during the summer driving season in the US, continuation of slow increase in supply by OPEC+ group and strong Chinese factory data that support hopes for further rise...
Canadian Dollar Jumps With Oil Price, Supported by GDP
Canadian Dollar jumps broadly today, following upside breakout in oil price, and partly supported by solid GDP growth data. Australian Dollar is following as the second strongest, while Dollar is also rebounding. On the other hand, Sterling reversed earlier rallies...
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