Kansas City Fed president Esther George spoke to Bloomberg TV earlier – Favours two more rate hikes this year – Upside and downside risks to outlook appear to be offsetting ForexLive
The Federal Reserve Bank of Kansas City’s annual economic symposium begins 24 August 2018 The main event is Federal Reserve Chair Powell speaking, I popped up a few what to expect posts earlier:
Buyers show up The dollar is the weakest currency of the majors today and that is fueling a rally in the price of gold. The precious metal has been ignoring all the trade tensions and political concerns that perhaps in the past had led to a flight into gold and instead been focused on the…
It may be a stretch but the 100 day MA is eyed The USDCAD is pushing lower. Helping the fall is a run higher in oil and commodities. That tends to help the risk/commodity currencies like the AUD and CAD and indeed they are the strongest currencies today. A weaker USD is also helping of…
German Dax, France’s Cac and UK FTSE up 0.3% The 0.3% is wild today with the German Dax, France’s CAC and UK FTSE all up by that amount in trading today: For the week, the European shares were also higher.
What is the RSI and how does it work A quick search about Forex indicator will yield millions of results – 11.2 million results in fact. So once you’ve cut your teeth trading and you’re ready to graduate to a more technical way where do you start?
Trend line break at 129.16 The EURJPY has gotten a boost on the surge higher in the EURUSD. In the process, the pair has moved above a topside trend line at 129.16. That is a risk for the longs now.
Crude oil is traing up $1.12 or 1.67% at $68.96 The Baker Hughes rig count will be released at the top of the hour. , the numbers were unchanged from the prior week:
Arizona Senator dies at the age of 81 John McCain, the six term Senator from Arizona (30 years in total), has died at the age of 81 at his home in Sedona, Arizona. McCain was diagnosed with a deadly form of brain cancer back in July 2017. His family announced he would stop all medical…
NAFTA may move onto the next steps in the week ahead The US and Mexico are getting close to resolving the bi-lateral issues that are holding up NAFTA talks, according to a today from the Wall Street Journal.