EUR/USD likely to continue Bull Run After the European Central Bank’s (ECB) President Mario Draghi’s speech on the reflation of the euro economy area, the euro and bond yields moved up immediately. The market’s reaction to this speech resulted in an upsurge of the Euro. Draghi’s speech in Portugal was aimed to strike a balance […]

Read More

Yen gaining strength According to the National Association of Realtors, the pending home sales in May plunged for the third consecutive month with the ongoing supply shortages propping up home prices in metro areas. As a result, the contract activity slowed down in many major regions last month. Weaker Financial and Economic Confidence might also […]

Read More

GOLD Rising after Greenback Drops The US Dollar keeps declining on the news that the International Monetary Fund (IMF) has reduced its outlook for the United States’ economy due to policy uncertainty. So far, Donald Trump has been focusing mainly on plans to cut back on taxes and to boost infrastructure spending. However, the IMF tempered its […]

Read More

A firmer greenback New York’s Fed President and CEO William Dudley stressed the need for tightening the monetary policy immediately due to the easy US financial conditions. Dudley said that “Monetary policymakers need to take the evolution of financial conditions into consideration. When financial conditions ease, as has been the case recently, this can provide […]

Read More

A firmer greenback New York’s Fed President and CEO William Dudley stressed the need for tightening the monetary policy immediately due to the easy US financial conditions. Dudley said that “Monetary policymakers need to take the evolution of financial conditions into consideration. When financial conditions ease, as has been the case recently, this can provide […]

Read More

Gold looks bullish The US President Donald Trump had already mentioned that the U.S should either re-negotiate or terminate the North American Free Trade Agreement (NAFTA) with Canadian and Mexican partners. The oil prices dropped down by 2 percent, setting a cap on the United States bond yields. The United States 10 year treasury yields […]

Read More

Yen looks bearish Dallas Federal Reserve Bank President Robert Kaplan remained uncertain over the short-term interest rates. He said that “I believe that at some point we will see more wage pressure.” Kaplan stated that he would wait for additional data to understand whether the inflation numbers will remain permanent or not. New York Fed […]

Read More

AUD looks weak At the June monetary policy meeting, the Reserve Bank of Australia (RBA) board members were seen spending a lot of time on discussing the factors that impact the Australian economy. The meeting left the interest rates unchanged at 1.25 percent. The monetary policy board suggested that the labor and housing markets need […]

Read More

Bank of Canada signals a rate hike Last week, the United States Federal Reserve hiked the interest rates for the second time in three months. The Fed raised the interest rates by +25 basis points to a range between 1 and 1.25 percent yesterday and kept the rate forecasts unchanged. The central bank provided important […]

Read More

GBP/USD continues to rise Mrs. May had expected that the general elections would increase her majority. However, the elections delivered an unexpected political outcome with Theresa May falling eight seats short of a Commons majority. Since last week’s general election, there have been calls for a new approach to talks. The Conservative party, having lost […]

Read More