The Canadian dollar is trading lower midweek as the head of the US central bank wrapped up his semi-annual testimony on Capitol Hill on Wednesday and investors eye the latest US economic data. Analysts warn that the loonie is not expected to record any significant movement in the coming weeks until trade negotiations between Washington and Ottawa are completed. Federal Reserve Chair Jerome Powell spoke before the House Financial Services … “Bullish Jerome Powell Congressional Testimony Sends Canadian Dollar Lower”
Author: admin_mm
Three Majors, Three Reversals
It has been a hectic week for the FX world. I believe the weeks to come will be even more hectic and the old adage to sell in May and go away might not count this year. Which pairs I believe are poised to reverse and why. Please find below my ideas and thoughts. 1) … “Three Majors, Three Reversals”
Three Majors, Three Reversals
It has been a hectic week for the FX world. I believe the weeks to come will be even more hectic and the old adage to sell in May and go away might not count this year. Which pairs I believe are poised to reverse and why. Please find below my ideas and thoughts. 1) … “Three Majors, Three Reversals”
Trade wars: The writing is on the wall, markets don’t bother reading it
More and more warnings about trade abound, but markets take things with a stride. Powell said that the Fed continues raising rates for now. “For now” may apply to market calm. Our third tranche of Trade War from the Trenches discusses the calm that may precede a storm. No news is good news. The old saying is … “Trade wars: The writing is on the wall, markets don’t bother reading it”
Trade wars: The writing is on the wall, markets don’t bother reading it
More and more warnings about trade abound, but markets take things with a stride. Powell said that the Fed continues raising rates for now. “For now” may apply to market calm. Our third tranche of Trade War from the Trenches discusses the calm that may precede a storm. No news is good news. The old saying is … “Trade wars: The writing is on the wall, markets don’t bother reading it”
Euro Edges Lower on Jerome Powell Testimony, Rallying US Dollar
The euro slumped on Tuesday during Federal Reserve Chair Jerome Powellâs semi-annual testimony on Capitol Hill. As Powell told the US Senate Banking Committee that continued, gradual increases to interest rates will be the desired monetary policy moving forward, the euro fell against the US dollar, adding to its steep year-to-date losses. Powell, who will be speaking before the House Financial Services Committee on Wednesday, delivered an upbeat … “Euro Edges Lower on Jerome Powell Testimony, Rallying US Dollar”
British Pound Crashes as PM May Faces Rebellion in Parliament
The British pound today rallied slightly higher in the early European session following the release of positive UK jobs data. The pound later witnessed a massive drop following Brexit headlines indicating that some Tory MPs were planning to sabotage PM May’s Brexit negotiating plan. The GBP/USD currency pair today crashed from a high of 1.3269 to a low of 1.3146 as investors reacted to the Brexit jitters. The publication of the UK labour market report … “British Pound Crashes as PM May Faces Rebellion in Parliament”
Canadian Dollar Climbs Higher As Investors Focus on Data
The Canadian dollar posted mild gains against its American counterpart on Monday as the loonie climbed above 76 cents for the first time in a week. While the loonie will try to find direction from the US dollar, investors will also concentrate on several key economic events this week. The CAD/USD currency pair rose 0.16% from an opening of 0.7599 to 0.7611 at 20:30 GMT. The USD/CAD currency pair tumbled 0.11% from an opening … “Canadian Dollar Climbs Higher As Investors Focus on Data”
5 things you should watch in Powell’s potent testimony
The world’s No. 1 central banker gives a lengthy testimony that will rock the US Dollar. There are five critical things that will shape rate expectations and the reactions in markets. Fed Chair Jerome Powell testifies on Tuesday, July 17th and then again on Wednesday, July 18th at 14:00. The Fed Chair goes to Capitol … “5 things you should watch in Powell’s potent testimony”
5 things you should watch in Powell’s potent testimony
The world’s No. 1 central banker gives a lengthy testimony that will rock the US Dollar. There are five critical things that will shape rate expectations and the reactions in markets. Fed Chair Jerome Powell testifies on Tuesday, July 17th and then again on Wednesday, July 18th at 14:00. The Fed Chair goes to Capitol … “5 things you should watch in Powell’s potent testimony”