Summary United States: Fed Not on Summer Break Quite Yet This was a busy week for markets and monetary policymakers alike, as a healthy slate of economic data was accompanied by an FOMC meeting. On Read more…
Summary United States: Fed Not on Summer Break Quite Yet This was a busy week for markets and monetary policymakers alike, as a healthy slate of economic data was accompanied by an FOMC meeting. On Read more…
Summary United States: Fed Not on Summer Break Quite Yet This was a busy week for markets and monetary policymakers alike, as a healthy slate of economic data was accompanied by an FOMC meeting. On Read more…
U.S. Highlights The Federal Reserve met expectations and held the policy rate steady at 5.0-5.25%, but left the door open to further rate hikes later this year. The Fed’s Summary of Economic Projections underscored a Read more…
After almost touching a record high last month, gold prices have corrected lower, trampled under the weight of rising yields and a resurgent US dollar as markets priced in a higher-for-longer scenario for Fed rates. Read more…
Richmond Fed President Thomas Barkin reflected upon the lessons of the 1970s, highlighting the risks associated with an early pullback on tackling inflation. In his exact words, Barkin said, “The ’70s provides a clear lesson: Read more…
The dollar index is on track for the third consecutive week in red and for the biggest weekly loss since the second week of November. Sharp bearish acceleration in past three days (down 1.75%) hit Read more…
Daily Pivots: (S1) 1.2681; (P) 1.2734; (R1) 1.2837; More… GBP/USD rises to as high as 1.2847 so far today, just an inch below 61.8% projection of 1.1801 to 1.2678 from 1.2306 at 1.2848. intraday bias Read more…
Market picture The crypto market has climbed 2% in the last 24 hours to 1.04 trillion. It took a continuation of the Nasdaq rally and a dollar weakening by more than 1% from its intraday Read more…
GBPJPY has been stuck in a prolonged uptrend since the beginning of the year, generating a structure of consecutive multi-year highs. In the near-term, the price managed to jump above the restrictive trendline that held Read more…