Prior month -8 revised from -7 Richmond Fed composite index -20 index versus -8 last month Services index +2 versus -1 last month (revised from -4 previously reported) Manufacturing shipments -18 versus -5 last month (revised from -3). The index is in contrast to the Philadelphia Fed index which was released last week. That index … Read more
!“#$%&‘()*+,–./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz !“#$%&‘()*+,–./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz Looking for the old ForexLive news feed? Click here fbs.mobi
The USD is little changed vs the major currency pairs including the top 3- the EURUSD, USDJPY and GBPUSD. In the video above, I take a look at those three major currency pairs from a technical perspective outlining the key levels in play for traders today and explain why those levels are of significance. Overnight, … Read more
Fundamental Overview The S&P 500 recently broke out of a tight range following lower than expected US inflation figures and strong US activity data. This positive growth impulse without concerning inflation developments (as of now) is keeping the upside intact given the lack of bearish drivers. Looking ahead, we have the August 1 tariff deadline … Read more
Long-term investors appear not to want to be so overweight on dollar assets We need to watch this very carefully It goes without saying as the dollar has been beaten up quite badly in the last few months. That is until recently in the past few weeks before that momentum has waned in trading yesterday. … Read more
!“#$%&‘()*+,–./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz !“#$%&‘()*+,–./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz Looking for the old ForexLive news feed? Click here fbs.mobi
The dollar fell yesterday alongside a drop in Treasury yields, as markets are starting to gear towards choosing a side on what will happen on the trade front come the 1 August deadline. The recent comments by US officials suggest that the deadline is one that can be overlooked, with Bessent emphasising that they want … Read more
Met with US commerce secretary Lutnick for over 2 hours in Washington yesterday Held frank talks to seek an agreement benefiting both Japan and the US Very little in terms of details once again. If anything, it just reaffirms that both sides are still nowhere near in agreeing to anything. Head on over to investingLive … Read more
There is just one to take note of on the day, as highlighted in bold below. That being for EUR/USD at the 1.1700 level. The pair has finally broken back to the upside yesterday amid a weaker dollar, with the near-term bias switching back to being more bullish now. That puts buyers back in control … Read more
As we look to the day ahead, equities are keeping the calm after tech shares once again led the charge in Wall Street yesterday. The early gains did evaporate towards the end but the Nasdaq still managed to hang in there to close at another fresh record high. On the month itself, the index is … Read more
