The Federal Reserve’s economic outlook isn’t so much pessimistic as it is uncertain.
Archiv für den Monat: Juni 2020
Hashtags won’t cut it. Corporate America faces a higher bar in a reckoning on racial inequality
CEOs and other business leaders are under increasing pressure to address racial inequality with tangible actions.
Gold Prices May Fall as Virus Cases Rise With Risks of Staggered Reopening
Gold prices may turn lower if sentiment sours and US equity markets plunge amid growing concerns of rising Covid-19 cases and the prospect of a delayed reopening of the economy.
US Dollar Outlook: Will Fed Spook Investors Again? S&P 500 Eyed
The US Dollar remains glued to the Dow Jones and S&P 500. All eyes turn to local retail sales, Fed Chair Jerome Powell, creeping virus cases and the central bank’s balance sheet.
Oil Price Recovery to Linger as US Crude Output Continues to Contract
The ongoing contraction in US production may keep the price of oil afloat as crude output narrows for ten consecutive weeks.
ForexLive Americas FX news wrap: US dollar rebound continues even as risk picture improves
Forex news for New York trade on June 12, 2020:
Markets:
– Gold up $3 to $1730
– WTI crude oil up 22-cents to $36.56
– S&P 500 up 39 points to 3041
– US 10-year yields up 3 bps to 0.70%
The US dollar continue the retracement against the euro and pound as the week wound down. Both EUR/USD and
Markets:
– Gold up $3 to $1730
– WTI crude oil up 22-cents to $36.56
– S&P 500 up 39 points to 3041
– US 10-year yields up 3 bps to 0.70%
The US dollar continue the retracement against the euro and pound as the week wound down. Both EUR/USD and
Hertz wins approval to sell shares from bankruptcy judge
What a sordid saga
This Hertz fiasco is one of the most-sordid, depressing stories in market history. The company shares are worthless or close to it.
Yet somehow Robinhood traders were duped into pumping it.
This Hertz fiasco is one of the most-sordid, depressing stories in market history. The company shares are worthless or close to it.
Yet somehow Robinhood traders were duped into pumping it.
Stocks rally into the close but still off highest levels
Stocks have worst week in 3 months
a snapshot of the major indices at the close shows:
For the week, the major indices all fell with the Dow the weakest.
CFTC commitments of traders. EUR longs at highest since May 22, 2018
Forex futures positioning data for the week ending June 9, 2020.
For bank trade ideas, check out eFX Plus
For bank trade ideas, check out eFX Plus
US dollar turns as risk trades continue to rebound
EUR/USD climbs off the lows
The tone in risk assets is a bit better in the past hour and it’s beginning to wear off on the FX market.
The euro has climbed to 1.1238 from a low of 1.1213. It’s a similar story in the pound and commodity currencies.
The tone in risk assets is a bit better in the past hour and it’s beginning to wear off on the FX market.
The euro has climbed to 1.1238 from a low of 1.1213. It’s a similar story in the pound and commodity currencies.