What you need to know on Monday, May 17: The greenback fell on Friday, following worse-than-expected US data. Retail Sales showed no growth in April, down from 10.7% in the previous month, while the core reading fell 1.5%. Also, the preliminary estimate of the Michigan Consumer Sentiment Index resulted in 82.8 in May, down from […]
Forex Today: Sentiment hurts the greenback Read More »
GBP/USD Forecast: Virus variant concerns and the American shopper may push cable below 1.40 GBP/USD has been attempting recovery as markets swing back to positive ground. The danger from variants to Britain’s reopening and US consumption data could push the pair lower. Friday’s four-hour chart is showing that 1.40 is a critical separator of ranges.
Dallas Federal Reserve Bank President Robert Kaplan said on Friday that he is worried about excesses and imbalances in the economy and the housing market, as reported by Reuters. Additional takeaways “It’s going to take a while to resolve supply-demand imbalances in labor market.” “Watching carefully if supply-demand imbalances feed into higher inflation.” “Committed to anchoring inflation
Fed’s Kaplan: Worried about excesses and imbalances in economy and housing market Read More »
“I reiterated that the United States will not leave Australia alone on the field, or maybe I should say alone on the pitch, in the face of economic coercion by China, US Secretary of State Antony Blinken said during a press conference on Thursday (US time) alongside visiting Australian Foreign Minister Marise Payne. more to come …
US Sec. of State Blinken: Will not leave Australia alone to face China coercion Read More »
AUD/USD added to the US CPI-inspired losses and dropped to over one-week-lows on Thursday. Acceptance below an important confluence support has set the stage for additional weakness. A sustained move back above the 0.7800 mark is needed to negate the near-term negative bias. The AUD/USD pair dropped to one-and-half-week lows during the first half of
AUD/USD Price Analysis: Bears looking to seize control near 0.7700 mark Read More »
Silver prices have been dented on US dollar strength. Bears looking for downside extension from resistances. XAG/USD is trading down nearly 2% on the day after falling from a high of $27.69 to a low of $27.01. The US dollar is back on form with US Treasury yields that climbed on Wednesday. The DXY index is
Silver bears are looking to engage again Read More »