What you need to know on Friday, July 16: Softer-than-expected Chinese growth undermined market sentiment earlier in the day. The bad mood spread during US trading hours, and the dollar made the most of it. US Federal Reserve Chairman Jerome Powell testified for the second day in a row on monetary policy before Congress. His […]
Tag: Cryptocurrencies
Forex Today – Asian Session: Powell Sends the Dollar Down
What you need to know on Thursday, July 15: The dollar was down against all of its major rivals as US Federal Reserve Chairman Jerome Powell made subdued comments in his semi-annual testimony. He said the central bank would provide powerful support until the economic recovery is complete. He added that inflation is expected to […]
Forex Today – Asian Session: The Dollar Strengthens As Inflation Rises
What you need to know on Wednesday, July 14: The dollar is nearing its monthly high against most major rivals, driven by upwardly revised US inflation. The Consumer Price Index was revised up in June to 5.4% year-on-year, well above the 4.9% expected. The underlying reading was also revised up from 3.8% to 4.5%. Germany […]
Forex Today – Asian Session: Risk-Related Sentiment Remains in Driver’s Seat
What you need to know on Tuesday, July 13: Boring operations to start the week in the middle of a tight macroeconomic calendar. Major pairs balanced alongside equities, with the dollar strengthening during the European session but declining during US trading hours as Wall Street trimmed initial losses and ended the day with gains. Government […]
Forex Today – Asian Session: Cautious FOMC Put Some Weight On Dollar Shoulders
What you need to know Thursday, July 8: The dollar was under slight pressure before the close, following the publication of the Minutes of the FOMC meeting. The document showed that Fed officials believe the standard of “additional substantial progress” needed to tighten monetary policy has not yet been met. Several FOMC members mentioned that […]
Forex Today – Asian Session: Risk Aversion Spurred Dollar Demand
What you need to know on Wednesday, July 7: The dollar appreciated strongly against most major rivals as risk aversion took hold of financial markets. After a long weekend in the US, Wall Street crashed, after US data was softer than anticipated, somehow suggesting a slowdown in US economic growth. The Japanese yen was the […]
Forex Today – Asian Session: Demand for dollars on hold in the middle of a US holiday
What you need to know on Tuesday, July 6: The week began in slow motion amid a US holiday that kept local markets closed. The dollar remained around Friday’s lows against most major rivals, but close to multi-month highs. It does not seem clear that there are more declines. UK Prime Minister Boris Johnson announced […]
More than 60 cryptocurrency companies prepare to leave the UK as FCA application withdrawals skyrocket
Cryptocurrency companies are poised to leave the UK as 64 companies have withdrawn their applications to conduct business. The FCA required digital asset companies to register with the regulator before operating in the country since January. Slow application approvals have led many companies to withdraw their applications from the FCA. More than 60 cryptocurrency companies […]
Forex Today – Asian Session: Dollar Advances Ahead of US Employment Figures
What you need to know on Wednesday, June 30: The dollar appreciated against most major rivals, and the greenback hit new one-week highs, particularly against high-yielding currencies. There was no particular catalyst as the dollar fell back in the last trading session of the day, despite better-than-anticipated US data. The EUR / USD pair fell […]
Major pairs are waiting for a new catalyst
This is what you need to know to trade on Tuesday, June 29: Major pairs remained confined to narrow intraday ranges. The greenback managed to handle a modest intraday advance, helped by a bitter mood in the market. European indices closed in the red, while US stocks were mixed. The Nasdaq Composite continued to rally, […]
