The Federal Reserve (Fed) delivered the second rate cut of the year yesterday. Chair Jerome Powell said that the Fed doesn’t rule ‘out or in’ a rate cut in December, that the US economy is expanding solidly, that conditions in the labour market eased but the unemployment rate remains low, that inflation ‘made progress’ but […]
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GBPJPY retreats somewhat, but broader picture remains positive Momentum oscillators suggest declines GBPJPY retreats after several attempts to touch the 200.00 round number, but the short-term bias remains positive. From a technical perspective, there is Read more…
US President-elect Trump’s proposed policies may trigger a further upside movement on longer-term US Treasury yields. A break above the 4.49% on the US Treasury yield may see a further potential rally towards 5.20%. A further Read more…
The Canadian dollar has steadied on Friday after a roller-coaster week. In the European session, USD/CAD is trading at 1.3889 at the time of writing, up 0.22% on the day. Canada’s job growth expected to Read more…