"Many Fed officials inclined to stay at zero longer" is the main headline that caught the market's attention from the FOMC Minutes. While the full context of that phrase is a bit softer (see USD), our US strategists poin…
"Many Fed officials inclined to stay at zero longer" is the main headline that caught the market's attention from the FOMC Minutes.
While the full context of that phrase is a bit softer (see USD), our US strategists point out, the overall impact of such a statement is the market calling into question the prospect of a June hike.
The surprisingly dovish message drove a strong bid into US bonds and saw USD selloff. Oil also added to its already negative return for the session, dragging CAD alongside.
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…
