The main takeaway from Jerome Powell’s press conference last night was that the Fed was even more hawkish than expected, causing even more volatility in the markets and further underpinning the US dollar against foreign currencies and gold. Powell effectively admitted the Fed has been behind the curve and now must get its act together […]
The post What’s Next for US Dollar and Stocks? appeared first on Action Forex.
Cruise ships have limited space, so in many cases adding something new means getting rid of something old. Those decisions can be tough because many cruisers like things to stay the same even if they Read more…
BoC Deputy Governor Rhys Mendes said in a speech today that “We no longer need interest rates to be as restrictive as they were,” which justified the larger rate reduction of 50 bps at this Read more…
The Australian dollar declined as much as 1% on Tuesday before recovering these losses. In the European session, AUD/USD is trading at 0.6497, down 0.1% on the day. Earlier, the Aussie dropped to low of Read more…