Forexlive Americas FX news wrap 9 Feb: S&P closes above 5000 for the first time ever.
The USD is ending the session lower to end the trading week with most of the declines coming vs the AUD and the NZD. Overnight, ANZ reported that is now…
Japanese Yen refreshes YTD low against USD, bears seize control after Uchida’s dovish remarks
Share: The Japanese Yen continues to be undermined by dovish BoJ remarks on Thursday. The Fed rate cut uncertainty keeps the USD bulls on the defensive and caps…
US Inflation Data to Guide Trend; XAU/USD Levels Ahead
GOLD PRICE OUTLOOK – XAU/USD TECHNICAL ANALYSISGold prices have lacked directional conviction this year, with bullion seemingly in a consolidation phase awaiting fresh catalystsNext week's U.S. inflation data may be…
Former Richmond Fed President Lacker: Fed will keep powder dry beyond mid-year
The Fed is happy for markets to put some stock in the notion that the Funds rate will be lower at the end of the yearThe centre of gravity at…
USD/CAD gains ground below 1.3550, Canadian PMI data eyed
Share: USD/CAD trades in positive territory for three straight days near 1.3540 on Tuesday. Fed Chair Powell said the US central bank remains on track to cut interest…
S&P 500, Dow Hit Fresh Highs, Gold Fades, US Dollar Rallies
Markets Week Ahead: S&P 500, Dow Hits Fresh Highs, Gold Fades, US Dollar RalliesFed Holds Steady, Ditches Tightening Bias, Gold and US Dollar on the MoveFed chair Jerome Powell pushed…
Dark days are coming for US commercial real estate and the banks holding the loans
The banking worries in the US this week were triggered by:New York Community Bancorp cutting its dividend on higher capital rules and commercial strainA Japanese bank reporting unexpected losses on…
EUR/GBP edges mildly higher, still tallies a losing week
Share: The EUR/GBP mildly gained to settle at 0.8535, marking a slight retreat for bears after January's significant push. The cross will tally its sixth consecutive losing week.…