Dollar dips in early US session following lower than expected PCE and core inflation data. But loss is so far limited as traders are holding their bets ahead of Fed Chair Jerome Powell’s speech. Euro, Read more…
Fed Chair Jerome Powell found another slice of evidence to suggest his inflation fight is beginning to bear fruit as he preps for his keynote address in Jackson Hole. The Federal Reserve’s preferred measure of Read more…
US personal income rose 0.2% mom, or USD 47.0B in July, below expectation of 0.6% mom. Spending rose 0.1% mom or USD 23.7B, also below expectation of 0.4% mom. From the preceding month, PCE price Read more…
GBPUSD traded higher on Friday, after hitting support at 1.1770. The pair has been printing higher lows since August 23, but it is still trading below the downtrend line drawn from the high of August Read more…
EUR/USD has edged higher today and is trading at the parity line. It could be a volatile North American session, with Fed Chair Powell addressing the Jackson Hole central bank conference. German consumer confidence slides Read more…
“We believe that Pfizer and BioNTech unlawfully copied Moderna’s inventions, and they have continued to use them without permission,” Moderna said. Pfizer (PFE) – Get Pfizer Inc. Report shares slumped lower Friday after rival vaccine maker Read more…
Stocks are edging lower ahead of Powell’s keynote address to the Jackson Hole symposium Friday amid a “coin flip” bet on Fed rate hikes heading into September. U.S. equity futures edged lower Friday, while the Read more…
GBP/USD falls after Ofgem; the market regulator jacked up its price cap sharply and as investors look ahead to Jackson Hole. UK energy price cap pulls the pound lower. UK households face around an 80% Read more…
The legacy carmaker has just made a decision that its customers won’t like. Ford (F) – Get Ford Motor Company Report did not want to upset its customers and future buyers of electric vehicles. As consumers Read more…
The Japanese yen is in negative territory today. USD/JPY is trading at 136.90 in the European session, up 0.34%. It has been a relatively quiet week for the yen, which is trading exactly where it Read more…