Share: Federal Reserve Bank of Richmond President Thomas Barkin said on Tuesday that the Fed needs to achieve the 2% inflation target to ensure its credibilitiy, per...
Share: With the path of least resistance for stocks seemingly lower for now, key to watch will be a stabilization in interest rate volatility and clarity...
Share: “If inflation remains high and demand gives no signal it is likely to drop, that would require tighter monetary policy,” Federal Reserve Bank of Richmond President Thomas...
Share: AUD/USD stays defensive while keeping three-day rebound from yearly low. Australia’s S&P Global PMIs for August came in softer but headlines suggesting improvement in US-China...
Share: EUR/USD recovers from 10-week low while consolidating the biggest daily loss in a month. Sharp bound in Eurozone Current Account joins cautious optimism to trigger...
Share: USD/JPY adds to overnight losses and continues drifting lower for the second straight day. Intervention fears and looming recession risks boost the safe-haven JPY and...
Share: Gold price extends upside as US PMI data remains weaker-than-anticipated. Fed’s Barkin hopes that the US recession will be “less severe”. Strength in Gold prices has...
Share: USD/MXN is down 0.48%, trading at 16.8260, as disappointing S&P Global PMIs weigh on the greenback. US Treasury bond yields slump, with the 10-year note...
Share: US Dollar Index stabilizes after posting the biggest daily loss in three weeks. Anxiety ahead of top-tier data, events challenge bond buyers, DXY sellers. Downbeat...
Share: Gold Price renews two-week high as bulls cheer sooner end of hawkish monetary policies. Downbeat activity data recalls challenges for “higher for longer” rates, fueling...
Share: NZD/USD comes under heavy selling pressure and is weighed down by resurgent USD demand. Reduced bets for more Fed rate hikes might cap the USD...
Share: Gold price recovers sharply, supported by Greenback’s correction as the US economy appears to lose resilience. US firms start to operate at lower capacity in...
Share: Gold price faces pressure as marginally weak US NFP and higher manufacturing PMI The US jobless rate rose to 3.8%. Fresh payrolls were 187k, outperformed...
Share: EUR/USD remains depressed after refreshing multi-day low, down for the second consecutive day. Broad US Dollar strength, cautious mood ahead of key central bankers’ speeches...
Share: US Dollar Index takes the bids to refresh 11-week high after rising the most in a month the previous day. Mostly upbeat US data, hawkish...
Share: Market sentiment remains dicey as traders await key central bankers’ speeches. S&P 500 Futures struggle for clear directions after falling the most since December 2022...
Share: USD/JPY fades the previous day’s rebound from fortnight low. Japan inflation came in softer but the details are way past BoJ target, keeping Yen buyers...
Share: GBP/USD takes offers to refresh multi-day low amid broad US Dollar strength. Improvement in UK sentiment fails to defend Cable buyers amid British recession woes....
Share: WTI crude oil recovers from key EMA confluence within 13-day-old falling wedge bullish chart formation. Steady RSI, bearish MACD signals and 4.5-month-old horizontal resistance area...
Share: The index surpasses the 104.00 hurdle to print new highs. Chair Powell will speak later at the Jackson Hole Symposium. Final Michigan Consumer Sentiment takes...