In focus today In the US, the July PCE inflation figures, the Fed’s preferred measure, will be released in the afternoon. In June, PCE inflation was 3.7% y/y, still way above the Fed’s target. Core inflation also remains elevated and was at 3.3% in June. Keep in mind that US Bureau of Economic Analysis will […]
The post US-Canada Trade War Escalates appeared first on ActionForex.
The US dollar has resumed its decline following a corrective recovery, as the support behind the currency proved insufficient to sustain the rebound. Selling pressure increased as long-term US Treasury yields fell amid reports that Read more…
Markets Oil prices are falling for a third day (including this morning) straight. A barrel of Brent is now trading at around $86.7, the lowest in two weeks. The downleg started on Monday, when USTS Read more…
Gold and Silver are pausing after a sharp rally, with Wednesday’s US data testing the yield channel and Friday’s Warsh Jackson Hole speech testing the deeper fiscal-credibility thesis behind the rally itself. The post Two Read more…