Big risk events will set the course for the dollar this week. The main day will be Wednesday when U.S. first quarter growth is due and forecast to slow to a 1 percent annual rise from a 2.2 percent increase in the final …
Big risk events will set the course for the dollar this week. The main day will be Wednesday when U.S. first quarter growth is due and forecast to slow to a 1 percent annual rise from a 2.2 percent increase in the final quarter of 2014.
Later that day, at 2 p.m. ET, the Fed will render its decision with a policy statement. What the Fed makes of the economy's performance of late and what it suggests about the outlook for an interest rate hike will help set the tone for the dollar at least until the next nonfarm payrolls report comes due on May 8.
Improvement is on the cards for U.S. data on consumer confidence on Tuesday, personal spending on Thursday and the ISM manufacturing index on Friday.
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…
