The Japanese yen gained momentum on the last trading day of the week as it rose 0.85% and 0.63% against the pound and the Aussie respectively. USD/JPY fell as much as 0.53%, down to 111.25, as investors switched to risk-off mode ahead of the weekend. Gold inched higher and rose $5.5 to 1,262...
Sterling went under renewed pressure on Monday morning with Brexit negotiations expected to make a comeback this week. The pound was the worst G10 performer as it slid 0.50% against the greenback with GBP/USD easing as low as 1.2967. Over the last few days, the pound has been testing the 1...
U.S. President Donald Trump is weeks away from naming anyone to the board of the Federal Reserve, a White House official said, meaning it could be the fall before three currently empty seats are filled...
Former Federal Reserve Chairman Ben Bernanke said on Wednesday that he is "puzzled" by how little markets have reacted to major political risks, and skeptical about the Trump administration's ability to fulfill its pledges to stoke faster growth...
During the French Presidential elections, it was clear that the Swiss National Bank was selling franc to prevent any safe haven effect. Uncertainties regarding the outcome (at least before the first round) drove the Swiss institution to intervene massively...
The last batch of US data came on the soft side and called into question the actual Fed’s rate path. Indeed, inflationary pressures eased for a third month a row in April with headline CPI printing at 2...
It is trusted that boost prompting the making and spreading of exchange trade was the minute when man began delivering more agrarian harvests than they can devour. The overabundance was then exchanged for things they were keen on with others...
Ray Dalio, the founder of Bridgewater, the world’s largest hedge fund, says the economy has gotten as good as it can get. That makes future improvement unlikely. As a matter of fact, he writes the future looks “scary...
Federal Reserve Chair Janet Yellen said Friday that women have made major strides in the workplace in the past 125 years, but she expressed concern about barriers that are still holding women back today...
Gold rose on Thursday as European and U.S. stock markets retreated, though it pared gains after data showing a tightening jobs market and accelerating inflation lifted the dollar and pulled U.S. bond yields from earlier lows...
U.S. President Donald Trump is weeks away from naming anyone to the board of the Federal Reserve, a White House official said, meaning it could be the fall before three currently empty seats are filled...
As widely expected by polls, Emmanuel Macron won the French Presidency with a clear advantage (65% over 35% for Marine Le Pen). Financial markets barely reacted and the single currency is still trading below $1.10. It is worth noting that the euro climbed anyway at 6-month high...
U.S. Federal Reserve Chair Janet Yellen said on Friday that barriers and challenges for women in the workplace, if not addressed, will hamper U.S. economic growth...
The euro hit its highest level in roughly six months against the U.S. dollar on Thursday as traders looked beyond the French elections to the potential for the European Central Bank to signal further reduction in bond-buying, while the greenback was steady against the yen. The euro jumped to $1...
There has been a massive confusion in the global market due pending interest rate hike decision by the FED. In the last week, the FED hike their interest rate on the basis of 25 points in the global market...
Equity markets were well behaved after the FOMC meeting closing slightly lower after pullback. The fact was there was nothing really ground breaking nor indication that rate path would be steep enough to derail current risk rally...
The FOMC meeting is clearly the key FX event of the day. The market is not pricing a rate hike, the likelihood of which is estimated at below 15%. Markets already feel more confident for a rate hike at the next meeting in June and today’s meeting is unlikely to change anything...
After the ECB last week, we have a very loaded week in terms of Central Banks. The Fed, RBA, Norges Bank will decide about their rates. Investors are now expecting the Fed to show some hints regarding its tightening path. For the time being, US financial markets are clearly driven by Trump...
The market continues to make speculative negative bets on the eventual effect of Brexit on the UK economy. We remain optimistic based on Europe and UK mutual beneficial relationships that the end-result will be significantly less severs then a “hard” Brexit...
