Author: FX
Fed’s first rate cut in 9 months & moves from the BOJ to the BOC rocked the forex markets, prompting interesting FX behavior. Get the full recap! Source link
US Dollar bounces from three-year lows after Fed cut, supported by rising US Treasury yields late in the week.Fed officials Daly and Kashkari offered cautious tones, while Miran reaffirmed his preference for deeper easing.French spending cut protests pressure Macron’s new PM, adding political headwinds for the Euro.EUR/USD edges lower on Friday, late in the North American session, as the Greenback recovers after bouncing off three-year lows reached in the aftermath of the Federal Reserve’s (Fed) interest rate cut. Political turmoil in France amid higher US Treasury yields boosted the US Dollar, sending the pair lower.EUR/USD falls as Fed speakers, higher…
1911 Gold (TSXV:AUMB:CA) on Friday said it has entered into an amended and restated agreement with Haywood Securities to amend the terms of its “best efforts” private placement and LIFE offering to increase the size of the offering to C$17 million. Source link
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all your initial investment; do not invest money that you cannot afford to lose. Educate yourself on the risks associated with foreign exchange trading and seek advice from an independent financial or tax advisor if you have any questions. Advisory warning: investingLive is not an investment advisor, investingLive provides references and…
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all your initial investment; do not invest money that you cannot afford to lose. Educate yourself on the risks associated with foreign exchange trading and seek advice from an independent financial or tax advisor if you have any questions. Advisory warning: investingLive is not an investment advisor, investingLive provides references and…
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all your initial investment; do not invest money that you cannot afford to lose. Educate yourself on the risks associated with foreign exchange trading and seek advice from an independent financial or tax advisor if you have any questions. Advisory warning: investingLive is not an investment advisor, investingLive provides references and…
AUD/USD extends losses for a third day, set for first weekly decline in four weeks.The Australian Dollar weakens as the Fed-driven US Dollar rebound and soft jobs data weigh on the Aussie.Fed Governor Stephen Miran advocates deeper cuts, signaling internal divergence on future policy directionThe Australian Dollar (AUD) trades on the back foot against the US Dollar (USD) on Friday, with AUD/USD extending its decline for the third straight day. The pair is set to end the week in negative territory for the first time in four weeks, as the Greenback’s post-Fed recovery continues to sap demand for risk-sensitive currencies.At…
Federal Reserve (Fed) Bank of San Francisco President Mary C. Daly noted late on Friday that the Fed’s move to cut rates was to try and bolster a weakening labor market, noting a pointed softening of the US economy over the past year.The comments come at a time when the Fed is facing not only additional scrutiny from the rate-cut-hungry Trump administration, but also questioning looks from markets about the Fed’s political independence. Stephen Miran was confirmed by US Congress for his seat at the Fed’s voting table just this week and sworn in an hour before the Fed’s latest…
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all your initial investment; do not invest money that you cannot afford to lose. Educate yourself on the risks associated with foreign exchange trading and seek advice from an independent financial or tax advisor if you have any questions. Advisory warning: investingLive is not an investment advisor, investingLive provides references and…
The Dow Jones climbed into 46,250 on Friday, adding another bullish day on the backend.Equities have risen after the Fed trimmed interest rates through the midweek.Coming up next week: PMI survey results and another round of PCE inflation data.The Dow Jones Industrial Average (DJIA) chalked in another slim but decisive gain on Friday, bringing the major equity index’s weekly performance to around a full percentage point gain. The Dow Jones has climbed into record highs on the back of the Federal Reserve’s (Fed) latest rate cut, and investors are positioning themselves for a series of consecutive follow-up cuts through the…