FX

EUR/GBP edges lower in the Asian session on Tuesday. The Euro gains momentum on upbeat economic data, dollar weakness. The sterling remains on the backfoot amid  Brexit chaos. After consolidating gains in the previous week, EUR/GBP continues to trades higher in the Asian session. The pair confides in a narrow trade band ahead of crucial
0 Comments
Commenting on the US jobs scenario in an interview with CNBC late Friday, Federal Reserve Vice Chair Richard Clarida said, “We’ve made progress on the labor market.” Additional quotes “Expect further gains in the autumn.” “I don’t think it takes 800K gains in jobs but it will take robust gains.” “Inflation is very likely to be largely
0 Comments
“One more good jobs report will be sufficient to be able to start tapering,” the US Federal Reserve (Fed) Governor Christopher Waller said in Yahoo Finance interview, adding that “we would like to start tapering early this fall.” Read: Federal Reserve Chair Powell: Make me a rate hawk, but not yet Further comments “We don’t look
0 Comments
In an interview with CNBC on Thursday, St. Louis Fed President James Bullard reiterated that he would want asset tapering to be completed by the first quarter of 2022, as reported by Reuters. Additional takeaways “Skeptical inflation will moderate in 2022, perhaps higher than 2.5%.” “Delta variant will peak at some point, message remains that economy
0 Comments
Silver refreshes intraday low, snaps two-day uptrend as RSI eases from nearly overbought conditions. Failures to cross the key SMA hurdle pulls the quote back below previous resistance line. Two-week-old horizontal support regains bear’s attention, key Fibonacci retracement levels, 200-SMA adds to the upside filters. Silver (XAG/USD) takes offers around $23.70, down 0.60% intraday, during
0 Comments
Philly Fed Nonmanufacturing Index fell sharply in August. US Dollar Index extends sideways grind around 93.00. The headline Regional Business Activity Index of the Federal Reserve Bank of Philadelphia’s Nonmanufacturing Business Outlook Survey fell to 39.1 in August from 53.8 in July. Further details of the publication revealed that the Firm-level Business Activity Index declined to 37.2
0 Comments
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet
0 Comments