On Friday, the greenback rallied because traders shifted their focus to the highly-anticipated Federal Reserve rate lift already next week, notwithstanding uncertainty over next year’s rate lifts kept gains in check…
GBP/USD keeps to weekly tops
On Friday, the GBP/USD pair managed to extend its overnight trend into Asia. It’s because the bulls took a breather ahead of a bunch of crucial American economic reports due later this day.
The spot is still better bid so far this trading session. It consolidates the run-up to new weekly peaks hit the previous day at 1.2955. The US dollar keeps remaining mostly subdued amid quite mixed remarks from the Fed Chair Yellen. However, the downside is still capped, following renewed demand for Treasury yields, after Janet Yellen nearly indicated the beginning of balance sheet normalization process in September.
Financial markets managed to shrug off renewed worries sparked over the UK political scenario, amid the Brexit deal, after the British Government told it will require paying EU exit bill.
The American inflation figures are going to hold the key for the major US bank’s next move as well as subsequent greenback price-action because the Fed policymakers have already expressed their worries over inflation undershooting the key bank’s goal.
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On Monday, Asian stocks traded mostly higher, with Shanghai bucking the trend because centrist Emmanuel Macron fully matched opinion survey hopes and left anti-EU far-right nominee Marine Le Pen behind…
Japan's March real wages went down at the fastest pace in nearly two years, weighed by minor nominal pay lifts as well as a moderate ascend in consumer prices, thus posing a setback for Prime Minister Shinzo Abe's tries to revitalize the Japanese…