Author: FX
In New York mayoral primary, progressive upstart aims to spoil Cuomo's comeback bid Source link
Federal Reserve (Fed) Chair Jerome Powell added further comments during his testimony before the congressional budget committee on Tuesday, building out his case for holding off on rate cuts, likely until sometime in the fourth quarter.Key highlightsWhen the time is right, expect rate cuts to continue.Data suggests at least some of tariff will hit consumer.I think we’ll start to see more tariff inflation starting in June.We will be learning as we go through the summer.I’m perfectly open to the idea that tariff-inflation pass through will be less than we think.We don’t need to be in any rush.If it turns out…
The Indian Rupee gains for a second day, supported by softer crude Oil prices and a weaker US Dollar.US President Donald Trump announces a “complete and total” ceasefire between Iran and Israel, calming global energy markets.S&P Global Ratings raises India’s FY2025 growth forecast to 6.5% and sees moderate inflation ahead.The USD/INR pair falls on Tuesday for a third consecutive day, as a pullback in global Crude Oil prices and a weaker Greenback improved the outlook for India’s trade balance. Sentiment improved after US President Donald Trump announced on social media that Iran and Israel have agreed to a ceasefire, easing…
Could see inflation come in not as strong as expected, if that’s the case it would suggest cutting soonerWe could see the labor market weakening and that would also suggest cutting soonerIf we see labor market stronger, it would suggest cutting later This article was written by Adam Button at www.forexlive.com. Source link
Inflation in Canada, as measured by the change in the Consumer Price Index (CPI), remained unchanged at 1.7% on a yearly basis in May, Statistics Canada reported on Tuesday. This reading came in line with the market expectation. On a monthly basis, the CPI rose 0.6% following the 0.1% decline reported in April. This print surpassed the market expectation of 0.5%.The core CPI, which excludes volatile food and energy prices, increased 2.5% on a yearly basis, matching April’s reading.Market reaction to Canada inflation dataThese figures don’t seem to be having a significant impact on the Canadian Dollar’s valuation. At the…
Central bank body BIS delivers stark stablecoin warning Source link
Prior 87.5Current conditions 86.2 vs 86.5 expectedPrior 86.1Expectations 90.7 vs 90.0 expectedPrior 88.9; revised to 89.0The headline estimate improved only marginally but the good news is the uptick in expectations/outlook at least. That suggests a more optimistic view on the German economy as tariff fears continue to be brushed aside for the time being. This article was written by Justin Low at www.forexlive.com. Source link
West Texas Intermediate (WTI) Oil price falls on Tuesday, early in the European session. WTI trades at $65.56 per barrel, down from Monday’s close at $66.99.Brent Oil Exchange Rate (Brent crude) is also shedding ground, trading at $68.05 after its previous daily close at $69.27. WTI Oil FAQs WTI Oil is a type of Crude Oil sold on international markets. The WTI stands for West Texas Intermediate, one of three major types including Brent and Dubai Crude. WTI is also referred to as “light” and “sweet” because of its relatively low gravity and sulfur content respectively. It is considered a…
Yesterday’s headlines got traders sellin’ the U.S. dollar against major counterparts like the Loonie! Will this lead to USD/CAD extending its month-long downtrend? Here’s what we’re looking at! USD/CAD 4-hour Forex Chart by TradingView In case you missed it, the U.S. dollar has been on the back foot lately, weighed down by fresh Middle East tensions after the U.S. got involved over the weekend, a drop in 10-year Treasury yields, and a handful of dovish remarks from FOMC members. Meanwhile, the Canadian dollar got a brief lift from higher oil prices, but that pop faded just as quickly. Potential profit-taking…
Morning Bid: Trump touts 'forever' ceasefire, oil slides Source link