Author: FX
Bitcoin (BTC) and Gold (XAU/USD) are broadly rising on Wednesday, with BTC hovering near $65,000 and XAU gaining momentum near its immediate $4,500 hurdle.The neutral-to-bullish outlook comes ahead of the United States (US) Federal Reserve’s (Fed) release of the Minutes of the July Federal Open Market Committee (FOMC) later on Wednesday. This document will give investors a clearer gauge of the central bank’s hawkish stance, following an FOMC meeting marked by three dissenting votes for a rate hike.The Fed left interest rates unchanged in the 3.5%-3.75% range in July, which matched market expectations. However, Fed Chair Kevin Warsh insists the…
Saudi Aramco said to supply full contractual crude volumes to at least three European buyers Source link
The U.S. Treasury caught bond markets off guard on Wednesday by announcing it will at least double the size of its buyback operations for long-dated government debt. The move came just two weeks after publishing its scheduled quarterly plan. It targets 10-to-30-year Treasuries, which have been under heavy selling pressure since late June, and sent yields sharply lower. Traders should understand what this actually is and what it is not. U.S. Treasury Long-End Buybacks: Key Takeaways Buyback cap doubled: Maximum per-operation size for the 10-to-20-year and 20-to-30-year sectors rises from $2 billion to at least $4 billion, effective September 9,…
investingLive European session wrap: Dollar cools on mixed markets, UK inflation picks up in July !”#$%&'()*+,-./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz !”#$%&'()*+,-./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz Source link
Join me for my weekly trading plan with this week’s forex analysis covering:DXY, EUR/USD, GBP/USD, USD/JPY, USD/CAD, USD/CHF, AUD/USD, NZD/USD.GBP/CHF, AUD/CHF, CAD/CHF, EUR/GBP, EUR/AUD, EUR/CAD.Bitcoin Analysis – BTC/USD.Ethereum Analysis – ETH/USD.Gold Analysis – XAU/USD.Silver Analysis – XAG/USD.Crude Oil Analysis – WTI. Source link
Alexander SikovCerebras Systems (CBRS) has unveiled its rack-scale solution called Cerebras CS-4, which it calls the fastest AI accelerator in the industry. Shares of Cerebras — which makes AI processors known as Wafer-Scale Engines, or WSE — were largely flat premarket on Wednesday. Source link
UK headline inflation picks up in July, core prices hold steady !”#$%&'()*+,-./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz !”#$%&'()*+,-./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz Source link
The Indian Rupee (INR) opens on a flat note against the US Dollar (USD), but is close to its two-week low at around 95.75. The USD/INR pair remains under pressure as oil prices continue to remain higher, with discussions between the United States (US) and Iran regarding the reopening of the Strait of Hormuz, a critical chokepoint to almost one-fifth of global energy supply, remaining absent.In the opening session, the MCX Crude Oil contract expiring on August 19 trades 0.6% higher to near Rs. 8,130. The crude oil price is close to its three-week high of Rs. 8,170 posted on…
Gold appears to be pausing from its climb now that traders are bracing for the FOMC minutes. Can it carry on with its correction? Source link
Now that Canada’s CPI release is out of the way and was pretty much shrugged off by the Loonie, the spotlight now turns to other factors such as oil and bond yields. Source link