Western Union notes: The dollar bounced above one-month lows though sentiment was still shaky. Mostly worrisome Greek headlines dominated news flows Friday which worked in the safer dollar's favor. The dollar's mixed fun…
The dollar bounced above one-month lows though sentiment was still shaky. Mostly worrisome Greek headlines dominated news flows Friday which worked in the safer dollar's favor. The dollar's mixed fundamental shape will leave it vulnerable to further fragility over the short run.
The longer run outlook remains favorable with the Fed on course to raise rates sooner or later. With the Fed eyeing a broad range of data to help it decide when to boost rates, markets next week will hone in on U.S. data on durable goods Tuesday, revised first quarter growth Wednesday, and critical data on the consumer and inflation Thursday.
Constructive outcomes would help the rate hike cause and bode better for the dollar.
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…
