Show:
Fed's Daly: We would be able to adjust rates in the fall
Mary Daly, President of the Federal Reserve Bank of San Francisco, indicated that she is observing growing signs that tariffs might not result in a significant or prolonged inflation increase, which could support the argument for a rate cut in the fall.
GBP/USD hits near 4-year high as Trump eyes Powell successor, Dollar sinks
The Pound Sterling advances to near four-year highs against the US Dollar on Thursday, as breaking news revealed by the Wall Street Journal (WSJ) suggests that US President Donald Trump might name Jerome Powell's successor to the Federal Reserve Chair in October and September.
Crude Oil floor drops despite war - TDS
Ironically, the floor price in crude Oil has likely declined as a result of the war.
Copper inventories are nearing critically low levels - TDS
Copper must make its way into the LME to prevent legitimate fears of a stock-out, TDS' Senior Commodity Strategist Daniel Ghali notes.
Gold's silently repricing the US Dollar - TDS
The US Dollar (USD) is partly losing its store-of-value function -- a macro theme that has already occurred many times through history. Gold is capturing a portion of that store-of-value function, TDS' Senior Commodity Strategist Daniel Ghali notes.
EUR/GBP holds steady as EU-US trade deal and BoE comments drive sentiment
The Euro (EUR) is holding steady against the British Pound (GBP) on Thursday as markets continue to monitor comments from central banks and economic resiliency.
Fed's Barkin: Tariffs won't translate evenly into the economy
Thomas Barkin, the President of the Federal Reserve Bank of Richmond, expressed caution regarding the uncertainty of how tariff increases might affect inflation in the US economy. He mentioned that recent experiences with inflation during the pandemic and its aftermath create uncertainty about how
Fed's Goolsbee: Job market remains steady and around full employment
Federal Reserve (Fed) Bank of Chicago President Austan Goolsbee told CNBC on Thursday that the job market remains steady and around full employment, per Reuters.
XAG/USD consolidates above 21-day EMA as momentum fades
Silver (XAG/USD) is navigating a choppy session on Thursday, reversing course during the early American trading hours after drifting modestly higher through the day.
US first-quarter GDP contraction revised to -0.5% vs. -0.2% expected
The United States' Gross Domestic Product (GDP) contracted at an annual rate of 0.5% in the first quarter, the US Bureau of Economic Analysis (BEA) announced on Thursday. This reading came in worse than the previous estimate and the market expectation of -0.2%.
USD/INR slips as Trump criticizes Powell, DXY drops to three-year low
The Indian Rupee (INR) trades stronger against the US Dollar (USD) on Thursday, buoyed by a sharp decline in the US Dollar Index (DXY), which tumbled to a fresh three-year low.
US: Initial Jobless Claims fell to 236K last week
US citizens filing new applications for unemployment insurance dropped to 236K for the week ending June 21, as reported by the US Department of Labor (DOL) on Thursday. This print came in below initial estimates and the previous week's revised tally of 246K (revised from 245K).
US Durable Goods Orders rise 16.4% in May vs. 8.5% expected
Durable Goods Orders in the United States (US) rose by 16.4%, or $48.3 billion, in May to $343.6 billion, the US Census Bureau reported on Thursday. This reading followed a 6.6% decrease (revised from -6.3%) reported in April and came in better than the market expectation for an increase of 8.5%.
Germany: A big budget for big challenges - NOMURA
Germany's new government approved a big budget this week, with a sizeable increase in infrastructure and defence spending planned over the coming years, NOMURA's economists report.
Gold benefits from a weaker US Dollar as pressure over Fed rate cuts builds
Gold is regaining confidence on Thursday as the poor performance of the US Dollar (USD) becomes the dominant driver of price action.
JPY outperforms on Fed/BoJ outlook - Scotiabank
The Japanese Yen (JPY) is strong and outperforming all of the G10 currencies with a 0.8% gain against the US Dollar (USD), Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret report.
GBP hits fresh multi-year highs - Scotiabank
The Pound Sterling (GBP) is up 0.6% against the US Dollar (USD) and performing in line with its peers, responding to Fed developments that are weighing on the USD more broadly, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret report.
EUR pushes to mid-1.17s - Scotiabank
The Euro (EUR) is strong, up 0.6% against the US Dollar (USD) and a mid-performer among the G10 in an environment of broad-based USD weakness.
CAD is firmer and lags peers - Scotiabank
The Canadian Dollar (CAD) is firmer against the weak US Dollar (USD) on the session so far but gains are lagging the CAD's major currency peers, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret report.
USD drop extends on Fed focus, weak technicals - Scotiabank
The US Dollar (USD) is weaker this morning, falling for a fourth day in a row and extending below the recent lows for the DXY in the upper 97 zone to reach its lowest since early 2022.
Disclaimer:
All information and content provided on this website is provided for informational purposes only and is not intended to solicit any investment. Although all efforts are made in order to ensure that the information is correct, no guarantee is provided for the accuracy of any content on this website. Any decision made shall be the responsibility of the investor and Myforex does not take any responsibility whatsoever regarding the use of any information provided herein.
The content provided on this website belongs to Myforex and, where stated, the relevant licensors. All rights are reserved by Myforex and the relevant licensors, and no content of this website, whether in full or in part, shall be copied or displayed elsewhere without the explicit written permission of the relevant copyright holder. If you wish to use any part of the content provided on this website, please ensure that you contact Myforex.
Myforex uses cookies to improve the convenience and functionality of this website. This website may include cookies not only by us but also by third parties (advertisers, log analysts, etc.) for the purpose of tracking the activities of users. Cookie policy