Cable stands at the front foot ahead of Fed
Cable edges higher on Wednesday, looking for another attempt at daily cloud top (1.2944) after the action in past two days was capped by rising cloud top.
The pair holds in green for the third straight day, with series of higher lows…
Read More...
Read More...
Euro remains afloat but upside is limited; Fed eyed for fresh signal
The Euro regains traction after upside rejection and negative close on Tuesday, lifted by weaker dollar in early European trading on Wednesday.
Persisting risk sentiment and rise in German business morale, keep the single currency afloat,…
Read More...
Read More...
Fed is expected to keep rates low and to raise economic forecasts
The US Federal Reserve ends its two-day September policy meeting today, and the market will be looking for more details about the central bank’s new policy strategy, unveiled last month at the Jackson Hole symposium.
There, the central…
Read More...
Read More...
Rising risk sentiment drives the greenback towards Aug lows
The pair extends steep fall into second day, turning focus towards August lows at 105.20/10.
Rising risk sentiment was boosted by upbeat Chinese, German and US data, sending the greenback sharply lower against yen.
The greenback…
Read More...
Read More...
Oil price rise as hurricane approaches US Gulf Coast but concerns demand recovery persist
WTI oil jumped almost $1 during European session on Tuesday as hurricane Sally approached the US Gulf Coast on Tuesday morning.
This is the second storm in less than a month to threaten the region and cause disruptions in refineries and…
Read More...
Read More...
Aussie rises after RBA, strong Chinese data
The Australian dollar advanced to the highest in nearly two weeks on Tuesday, lifted by rising risk sentiment and RBA minutes.
In minutes of its September meeting Australia’s central bank stated it will maintain highly accommodative…
Read More...
Read More...
Recovery looks for retest of daily cloud top after being boosted by better than expected UK jobs…
Cable keeps positive tone in European trading on Tuesday after UK jobs data showed better than expected results.
Although the unemployment rose to the highest since Oct 2018 (4.1%, in line with expectations) small drop in employment and…
Read More...
Read More...
British parliament votes for Johnson bill
British PM Johnson’s new plan – which breaches the existing Brexit treaty and is in collision with international law – won initial approval in the UK parliament on Monday.
According to Johnson, the plan is essential to counter threats…
Read More...
Read More...