Scraps across the MA levelThe price of GBPUSD has joined the downward move and in the process, has moved down to test the rising 100 hour MA at 1.40548.  The price decline has stalled at the level.   It will take a move below to increase the bearish bias The...
The Federal Reserve Bank of New York's latest Survey of Consumer Expectations revealed on Monday that median inflation expectations at the one-year horizon rose to 3.4% from 3.2%, as reported by Reuters. Additional takeaways "Median three-year inflation expectations remained unchanged at 3.1%." "Median year-ahead expectations for...
EUR/USD Rate Talking PointsEUR/USD pulls back from a fresh monthly high (1.2182) even as the European Central Bank (ECB) slows the pace of the pandemic emergency purchase programme (PEPP), and the exchange rate may consolidate over the remainder of the week as itsnaps the series of higher highs and...
Pound extends gains versus euro, remains among top performers EUR/GBP heads to the lowest close since April 6. The EUR/GBP is having the biggest daily loss in months on Monday as the pound rises sharply across the board following elections in Scotland during the weekend. Lower odds of...
US dollar remains under pressure as US yields decline and equity prices rise. EUR/USD back above 1.2150 holds onto recent gains. The EUR/USD reached at 1.2178, a fresh two-month high, and then pulled back finding support above 1.2150. It is hovering around 1.2160, holding onto the recent important gains....
STOCK MARKET OUTLOOK: NASDAQ SINKS AS TEN-YEAR TREASURY YIELD TOPS 1.65%Nasdaq extends its selloff as tech stocks slide further due to surging bond yieldsThe ten-year Treasury yield has climbed over 20-basis points from Friday’s bottomFed taper timeline could be pulled forward with inflation looking not-so transitoryThe Nasdaq and other...
San Francisco Federal Reserve Bank President Mary Daly noted on Monday that she was not disappointed at the April jobs report because she had expected there would be volatility, as reported by Reuters. Additional takeaways "We are in a transition state, I remain encouraged." "We shouldn't...
The Federal Reserve System (the Fed) was founded in 1913 by the United States Congress. The Fed’s actions and policies have a major impact on currency value, affecting many trades involving the US Dollar. Find out about the history of the Fed, its influence on USD and how to...
Dallas Federal Reserve Bank President Robert Kaplan noted on Monday that he expects the job growth to be strong in the remainder of the year despite the disappointing April labour market report, as reported by Reuters. Additional takeaways "Economic effect of pipeline shutdown will depend on the...
The pound is among the top performers on Monday, following last week’s elections. Analysts at Rabobank warn that medium-term political risk may still be around the corner in the United Kingdom. They consider GBP/USD could slide under 1.39 in the coming months.  Key Quotes:  “Insofar as the...