US event risk will be top of mind this week as investors ready themselves for a potentially high-impact Federal Reserve interest rate decision on Wed March 18th at 18:00. In anticipation of a more hawkish US central bank…
US event risk will be top of mind this week as investors ready themselves for a potentially high-impact Federal Reserve interest rate decision on Wed March 18th at 18:00. In anticipation of a more hawkish US central bank signalling that a first rate hike since 2006 is edging closer, the US dollar surged last week to its strongest trade-weighted level since June 2003.
Strong US labour market data suggests the Fed is now just months away from raising rates. However, Fed Chair Janet Yellen may surprise markets on Wednesday by sounding concerned about a strong dollar becoming a disruptive dollar for the US economy and US inflation.
Last week the US dollar soared to its best level against the euro since January 2003. Euro/US dollar has now fallen by almost 16 cents this year.
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…
