The Euro on the Ascent as Odds of Fed Dovish Outcome in September Increases
The US dollar is currently under substantial pressure, primarily due to signs of a cooling labor market and waning economic vitality. The latest ADP Employment data released on Wednesday painted a...
Dollar Drops on Weak Data & FOMC Minutes
Fresh US Data WeaknessThe US Dollar is under heavy selling pressure today on the back of a slew of weaker-than-forecast US data yesterday. The ADP employment number came in at 150k, down from 157k...
Takeaways from the FOMC Minutes
After every monthly meeting, the FOMC (the Federal Open Market Committee) publishes the minutes. The document provides in-depth information about the view of the board members, and what informed their...
GBP Higher As UK Leadership Voting Begins
UK Election DayAs the UK takes to the polls today to vote in the General Election, GBP remains well bid. A Labour Party win has been well telegraphed throughout the election campaign with polls...
Crude Softens Despite Huge EIA Deficit
Huge EIA Deficit SeenOil prices are looking a little cooler today as fears over the health of the US economy have seen the futures market pulling back from highs. The dip comes despite data from the...
Bitcoin Selling Weighs on Ethereum
ETH Lower on WednesdayEthereum prices are trading lower through the middle of the week, tracking the moves we’re seeing in Bitcoin as the broader crypto complex softens. The move lower comes despite...
S&P Testing Highs Ahead of FOMC Minutes
Powell Comments Boost The S&PThe S&P is pushing back up towards highs today on the back of yesterday’s comments from Fed chairman Powell. Speaking at the ECB’s Sintra Forum, Powell provoked a...
The FTSE Finish Line - July 3 - 2024
The FTSE Finish Line - July 3 - 2024FTSE Miners Help Support Sentiment Ahead Of UK Polling DayOn Wednesday, London stocks made a recovery, driven by an increase in metal miners and renewed optimism...
Gold Rallying Following Powell Comments
Gold Higher on WednesdayGold prices are looking more buoyant through the middle of the week with gold futures trading almost 1% higher on the session. A pull-back in USD is helping drive support for...
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