Today
As reported by the Wall Street Journal, US President Trump and his administration are weighing possible tariffs on imported vehicles, citing national security concerns. The Trump administration has leaned on the Section 232 provision frequently, using the national security measure to impose hefty steel and aluminum tariffs this year. Before [...]
Wed, May 23, 2018
Source: Forex Crunch ( Latest News) Category: LATEST NEWS
As reported by the Wall Street Journal, US President Trump and his administration are weighing possible tariffs on imported vehicles, citing national [...]
Wed, May 23, 2018
Source: latest news ( fxsreet) Category: LATEST NEWS
Trade talks set off the risk-off tone, markets bounce back as Fed will let inflation run higher. ECB and BoE will need to wait for better economic performances. From a fundamental perspective on FX today, the markets were waiting for the FOMC minutes to be released to confirm that a [...]
Wed, May 23, 2018
Source: Forex Crunch ( Latest News) Category: LATEST NEWS
From a fundamental perspective on FX today, the markets were waiting for the FOMC minutes to be released to confirm that a rate hike would occur again [...]
Wed, May 23, 2018
Source: latest news ( fxsreet) Category: LATEST NEWS
FOMC’s minutes suggests a rate hike at the next Fed meeting but no big surprises as stock indices rise. US President Trump said that the meeting with North Korean leader Jong Un scheduled for June 12 in Singapore “could very well happen.� The three main US stock indices closed [...]
Wed, May 23, 2018
Source: Forex Crunch ( Latest News) Category: LATEST NEWS
The three main US stock indices closed higher on Wednesday’s trading. The S&P 500 Index gained 0.32% to 2,733.29 while the Dow Jones Industrial Averag [...]
Wed, May 23, 2018
Source: latest news ( fxsreet) Category: LATEST NEWS
Analysts at Rabobank explained that historically, inverted curves have been one of the best predictors of a recession in the short- to medium-term. Key Quotes: “An inversion of the curve would therefore certainly hurt the FOMC’s – and the market’s – confidence, which may force them to take a [...]
Wed, May 23, 2018
Source: Forex Crunch ( Latest News) Category: LATEST NEWS
Analysts at Rabobank explained that historically, inverted curves have been one of the best predictors of a recession in the short- to medium-term. [...]
Wed, May 23, 2018
Source: latest news ( fxsreet) Category: LATEST NEWS
The FOMC’s minutes did not bring many surprises but the greenback remains the strongest G10 currency. Traders bought USD/CHF in anticipation of the FOMC’s minutes and then took some profits after the release. The Swissy found an intraday bottom at 0.9894 then rose about 85 pips ahead of the FOMC’s [...]
Wed, May 23, 2018
Source: Forex Crunch ( Latest News) Category: LATEST NEWS
The Swissy found an intraday bottom at 0.9894 then rose about 85 pips ahead of the FOMC’s minutes. After the news release, the pair gave back about 25 [...]
Wed, May 23, 2018
Source: latest news ( fxsreet) Category: LATEST NEWS
UK Inflation misses its Mark – Pound US Dollar (GBP/USD) Exchange Rate Tumbles The Pound US Dollar (GBP/USD) exchange rate tumbled on Wednesday as investors reacted to a disappointing UK consumer price inflation print and a raft of upbeat US purchasing managers’ index (PMI) readings. According to the Office for... [...]
Wed, May 23, 2018
Source: Currency news Category: LATEST NEWS
On Tuesday, the Pound to Canadian Dollar exchange rate opened trading around 1.7163 and closed higher in the region of 1.7224. The main Pound influencer yesterday was a testimony session held between Bank of England (BoE) policymakers and the Treasury Select Committee. BoE officials gave a mixed assessment of the UK economy; [...]
Wed, May 23, 2018
Source: Currency news Category: LATEST NEWS
Crude Oil Movement For the 24 hours to 23:00 GMT, Crude Oil declined 0.52% against the USD and closed at USD72.16 per barrel, surrendering its previous session gains. Separately, the American Petroleum Institute (API) reported that US crude oil inventories … Continue reading → [...]
Wed, May 23, 2018
Source: GCI news ( Latest) Category: LATEST NEWS
Silver Movement For the 24 hours to 23:00 GMT, Silver rose 0.21% against the USD and closed at USD16.57 per ounce, tracking gains in gold prices. In the Asian session, at GMT0300, the pair is trading at 16.55, with silver … Continue reading → [...]
Wed, May 23, 2018
Source: GCI news ( Latest) Category: LATEST NEWS
Gold Movement For the 24 hours to 23:00 GMT, Gold rose 0.26% against the USD and closed at USD1296.10 per ounce, amid weakness in US equities. In the Asian session, at GMT0300, the pair is trading at 1292.50, with gold … Continue reading → [...]
Wed, May 23, 2018
Source: GCI news ( Latest) Category: LATEST NEWS