Fed Official Miran Resigns from White House Position
Fed official Miran has stepped down from their role in the White House, as reported by Barron's. The resignation may have implications for monetary policy coordination between the Federal Reserve and the government.
Trump Announces Collaboration with Colombia on Sanctions
Former President Trump stated that efforts are underway to coordinate sanctions with Colombia. This signals potential diplomatic and economic actions involving the two countries. The development may impact international relations and trade policies.
Tech Selloff Weighs on US Stocks as Investors Shift to Value and Cyclicals
US stocks declined due to a tech sector selloff, prompting investors to rotate into value and cyclical shares. Geopolitical tensions boosted oil and gold prices, while small-cap stocks outperformed mega-cap tech companies.
Canadian Dollar Short-term Outlook: USD/CAD From Plunge to Pivot- Reversal at Risk Rises
USD/CAD has rebounded sharply after plunging more than 3% from the January highs, stabilizing off last month's low and prompting questions over whether a more durable pivot is taking shape. That recovery stalled into downtrend resistance yesterday and the focus is on inflection off this zone.
Deutsche Bank Predicts Warsh-Led Fed Will Continue Buying Treasury Bills for 5-7 Years
Deutsche Bank forecasts that under new leadership by Warsh, the Federal Reserve may remain an active purchaser of Treasury bills over the next 5 to 7 years, potentially increasing its holdings of short-term debt. This shift indicates a strategic move towards a higher share of short-term government securities.
USD/KRW: Market sensitivity to tightening risks – Societe Generale
USD/KRW: Market sensitivity to tightening risks – Societe Generale
Pound to Dollar Price Forecast: GBP Rangebound as Shutdown Clouds USD Outlook
The Pound US Dollar (GBP/USD) exchange rate traded in a narrow range on Tuesday as a partial US government shutdown delayed the release of key American jobs data. Latest — Exchange Rates:Pound to Dollar (GBP/USD): 1.37004 (+0.2%)Euro to Dollar (EUR/USD): 1.18153 (+0.14%)Dollar to Japanese Yen (USD/JPY): 155.6945 (+0.14%) DAILY.
Pound to Australian Dollar Price News, Forecast: GBP One-Year Low after RBA Hike
The Pound to Australian Dollar (GBP/AUD) exchange rate slumped to a fresh one-year low on Tuesday after the Reserve Bank of Australia launched a new rate-hiking cycle. Latest — Exchange Rates:Pound to Australian Dollar (GBP/AUD): 1.9513 (-0.71%)Pound to Dollar (GBP/USD): 1.37004 (+0.2%)Australian Dollar to Dollar (AUD/USD): 0.70212.
Gold, USD, USD/JPY, EUR/USD, GBP/USD, GBP/JPY Price Action Setups
In last week's webinar the Dollar had pushed lower after President Trump was asked what he though about the US Dollar weakness, to which he responded, ‘it's great.' USD flushed lower and EUR/USD jumped above the 1.2000 level but as we looked at last Tuesday, those were both difficult moves to chase.
Silver rebounds sharply as buyers capitalize on recent pullback
Silver rebounds sharply as buyers capitalize on recent pullback