Fed officials say they see a pullback in their economic support even with inflation cooling
At least three Federal Reserve officials said Monday they are ready to pull back on their economic support measures even though they don’t see a threat from inflation. Speaking at separate engagements, Fed Governor Lael Brainard and regional presidents John...
Dallas Fed President Kaplan to retire early on Oct. 8, citing trading disclosure ‘distraction’
Dallas Federal Reserve President Robert Kaplan became the second regional central bank leader to resign Monday, saying he was stepping down early following a recent controversy over stock market trades he made. Kaplan’s early retirement follows an announcement earlier in...
Eurozone Economic Sentiment on the Radar; Euro Flirting with $1.17
On Wednesday at 12:00 GMT, the Eurozone’s economic sentiment for September will be released. Over the last few months, the outlook for the euro area’s economy has steadily increased; however, as the European Central Bank (ECB) is unlikely to raise interest rates soon,...
Boston Fed President Rosengren abruptly announces retirement 9 months earlier than planned
Boston Federal Reserve President Eric Rosengren announced Monday he is stepping down from his position on Thursday retiring nine months earlier than he had planned, citing health concerns. In his announcement, which came weeks after an uproar over his trading...
Michael Burry says he was subpoenaed by the SEC as GameStop saga drags on
Dado Ruvic | Reuters Famed investor Michael Burry revealed on Twitter that he received a subpoena from the Securities and Exchange Commission in connection with its investigation into GameStop, a wildly speculative stock that the “Big Short” trader once bet on....
Dollar Mildly Higher after Durable Goods Orders, Sterling Advancing in Crosses
Dollar trades mildly higher in early US session, lifted by stronger than expected durable goods orders data. But it’s being overwhelmed by both Sterling and Aussie. Commodity currencies are firmer on “stable” market sentiment, but there is no follow through...
EUR/USD Remains Neutral
On Monday afternoon, the major currency pair is steadily trading at 1.1720 without any sharp fluctuations: the “greenback” remains strong, while the Euro can’t rise despite a huge risk appetite on the market. The latest data on the American real...
Gold Price Started An Upside Correction Below $1.737
Gold price formed a base above the $1,740 level after a major decline against the US Dollar. The price traded as low as $1,737 and recently started an upside correction. There was a break above the $1,750 level and the...
Oil Extends Rally, Gold Vulnerable
Oil rallies in Asia Oil prices finished last week on a firm note as ever-increasing natural gas prices continue to lift oil prices and coal prices as energy substitutes. With OPEC+ struggling to meet its present production targets and US...
Canadian Dollar Rises Together With Oil, Euro Shrugs German Election
Canadian Dollar leads commodity currencies higher in Asian session, with help from extended rally in oil price. Overall sentiment is mixed though and Yen is trying to pare back some of last week’s losses. Some weakness in seen in both...
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