The euro Wednesday had benefited from lopsided market positioning that was skewed long the dollar and short the euro. So as the greenback faltered in response to the Fed's sketching of a more gradual path for interest ra…
The euro Wednesday had benefited from lopsided market positioning that was skewed long the dollar and short the euro. So as the greenback faltered in response to the Fed's sketching of a more gradual path for interest rate hikes, the euro got squeezed higher.
But in the wake of the Fed this week, has the outlook for major currencies really changed? Not to a major degree at this stage. The Fed officially unlocked the door to a rate hike at effectively anyone of its coming meetings.
By contrast, the door to higher rates at the ECB has been locked and bolted shut, putting the euro at a distinct disadvantage. So the main pieces of the narrative of a weaker euro, stronger dollar remain firmly in place.
Gold prices edged lower on Monday as stronger-than-expected U.S. nonfarm payrolls data dampened hopes for aggressive Federal Reserve rate cuts, bolstering the dollar. Spot gold slipped 0.1% to $2,686.32 an ounce, while F…
On-chain data shows BTC whales moved 10000 BTC from Crypto exchanges. This indicate accumulation of BTC by whales. Japanese public company Metaplanet buys another 1 billion yen worth of Bitcoin. According to Santiment, t…
Personal income increased by 0.2% month over month In August, which was less than the 0.4% market forecast and less than the 0.3% growth in July. For the third consecutive month, real personal disposable income increased…
