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All eyes on Fed’s Warsh
Preview: Warsh takes the podium at Jackson Hole today, but do not expect fireworks. Elsewhere, it's ...
Hormuz Tanker Traffic Drops Despite Recovery in Oil Flows
Tanker traffic in the Strait of Hormuz slowed below the ten-day average this week, with only seven c...
United States API Weekly Crude Oil Stock above expectations (-2M) in July 31: Actual (2.69M)
Nothing Britain does moves the Pound against the Dollar
The Pound trades near 1.3450 against the Dollar on Tuesday, higher by 0.11% inside a session range of 36 pips, the second sub-40-pip day cable has produced inside a week.
Forex Today: Oil extends collapse on Hormuz reopening reports, Silver surges
Oil prices extended their slide on Tuesday after reports that an announcement on the reopening of the Strait of Hormuz could come within hours.
Singapore Dollar: Gains risk watched below 1.2790 against US Dollar – UOB
United Overseas Bank’s (UOB) Quek Ser Leang notes USD/SGD’s recent downside bias has faded after a dip to 1.2790 and recovery to 1.2827.
What is the PCE and why is it the Fed's favorite inflation gauge?
When we talk about inflation, we usually focus on the Consumer Price Index (CPI). However, the Federal Reserve’s “preferred” inflation measure is the Personal Consumption Expenditure (PCE) index. What ...
Mexican Peso rallies to a one-month high on Hormuz deal speculation
The Mexican Peso surges to a one-month high on Tuesday as talks between the US and Iran could reopen the Strait of Hormuz, easing global inflationary pressures by freeing ship traffic. At the time of ...
Chinese Yuan: PMI weakness boosts easing expectations – Commerzbank
Commerzbank economist Dr. Henry Hao highlights that China’s private manufacturing PMI fell to 50.9 in July, reinforcing signs of slowing factory momentum alongside the official NBS PMI at 49.2.
British Pound: Range trade with upside risk against US Dollar – Scotiabank
Scotiabank’s Global FX Strategy team notes that Sterling remains modestly firmer, with GBP/USD continuing to pivot around long-term moving averages near 1.34.
Gold shines and rises on Iran’s deal hopes, lower US yields
Gold (XAU/USD) advances some 0.75% on Tuesday as Oil prices fall, along with US Treasury yields. Also, an improvement in risk appetite propelled the yellow metal to a two-day peak of $4,106.
USD/JPY Price Forecast: 200-day SMA caps rebound after intervention-led selloff
USD/JPY trades modestly higher on Tuesday despite a softer US Dollar (USD), as the impact of recent intervention fades and the Japanese Yen (JPY) comes under pressure again.
Pound Sterling Price News and Forecast: GBP/USD rebounds as soft JOLTS and Oil decline pressure USD
The Pound Sterling (GBP) recovers some ground against the US Dollar (USD) on Tuesday, up 0.14%, as US jobs data was softer than expected but confirmed the strength of the labor market, with layoffs be ...
Bulldozers built a third of the Dow Jones Industrial Average record
The Dow Jones Industrial Average trades above 54,100 on Tuesday, more than 900 points higher and through the July peak just over 53,300 that had stood since the first week of last month. The run reach ...