Brexit negotiations have continued over the summer and last week the negotiations ended without any major breakthrough. Economists at Danske Bank have lowered the odds of a deal to 60% from 65% while have lifted the probability of a no-deal to 40% from 35%. EUR/GBP will skyrocket to 0.97 on a no-deal scenario. Key quotes
Daily thread to exchange ideas and to share your thoughts The dollar is weaker across the board in the day after Powell’s speech, after the Fed chair reaffirmed that rates will stay lower for longer and that the central bank is shifting to a new policy framework to ensure that will be the case for many years
NEW DELHI: Gold and silver advanced on Friday as after the US Fed chairman Jeremy Powell said the central bank was ready for more inflation tolerance. The Fed’s new monetary policy strategy pledges to address “shortfalls” from the “broad-based and inclusive goal” of full employment and also promises to aim for 2 per cent inflation
Dollar spiked lower overnight after quickly stabilized, as supported by surge in treasury yields. Fed Chair Jerome Powell announced that adoption of “average inflation targeting”. That goes beyond the “symmetric” targeting, and allows inflation to overshoot to average out at 2% over time. While there was some initial jitters after Powell noted the overshoot would
The Federal Reserve announced a major policy shift Thursday, saying that it is willing to allow inflation to run hotter than normal in order to support the labor market and broader economy. In a move that Chairman Jerome Powell called a “robust updating” of Fed policy, the central bank formally agreed to a policy of
Aneel Bhusri at the 2016 World Economic Forum in Davos, Switzerland. David A. Grogan | CNBC Workday shares rose as much as 13% in extended trading on Thursday after the cloud software company reported better-than-expected quarterly revenue and earnings. The company also said Chano Fernandez is being promoted from co-president to co-CEO, operating alongside Aneel
Payment leader Mastercard (NYSE:MA) intends to expand a blockchain platform for cross-border settlements in collaboration with Ripple-backed fintech research company R3. Over the course of the past few years, the cryptocurrency space has grown at a remarkably fast rate and after the hibernation of sorts in 2018, most cryptos have been back with a vengeance
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http://www.fxforexfx.com – If you are looking for free one hour forex trading strategies consider starting off with what is being shown in this video. What we are looking at is a long entry in the EURUSD. Let’s monitor this trade to see how things go.
Down $0.35 or -0.81% The price of WTI crude oil futures are settling at $43.04. That is down $0.35 or -0.81%. The high price reached $43.50 while the low price extended to $42.36. The price close is back below its 200 day moving average of $43.20 after 2 days of closing above that key moving
XAU/USD is holding in longer-term bullish territory, but temporary strength in the greenback has flushed out short term speculative gold positions. The Jackson Hole has confirmed a lower for longer stance at the Fed, gold to benefit from lower yields. Gold markets had seen volatile price action leading into the Jackson Hole event with spot prices trading
Volatility divergence was a tell In the past week, US equities have continued to rally but there were some signs that it was running on fumes. In the FX market, the US dollar stopped going down. A bigger tell may have been that volatility wouldn’t fall. Now, stocks are turning as volatility has shot higher.
KOLKATA: Domestic gold and silver prices were trading flat this Thursday morning ahead of the Federal Reserve chair Jerome Powell’s speech this evening at the Jackson Hole Economic Symposium. October gold on Multi Commodity Exchange (MCX) opened at Rs 51,601 per 10 gm, touched a high of Rs 51,799 gm and was trading at Rs
Dollar appears to have finally taken a side, the downside, with Fed chair Jerome Powell’s Jackson Hole speech. In short, Fed is now adopting a “flexible form of average inflation targeting”, to achieve inflation that “averages 2 percent over time”. Therefore, following periods when inflation has been running below 2 percent, appropriate monetary policy will
Tensions over the validity of a mail-in election are growing. “This is the greatest scam in the history of politics,” President Donald Trump declared in one of his appearances at this week’s Republican National Convention. “They’re going to mail out 80 million ballots. It’s impossible, they have no idea.” The president first mentioned the issue
Pedestrians are reflected in the window of an Abercrombie & Fitch store in New York. Craig Warga | Bloomberg | Getty Images Abercrombie & Fitch shares are soaring after the apparel retailer reported a surprise quarterly profit Thursday morning and impressive online revenue growth of 56% during the coronavirus pandemic. Its stock was recently trading up
Japanese messaging company LINE has launched a blockchain development platform called LINE Blockchain Developers for decentralized applications and services. The company has also launched a digital asset wallet named BITMAX that will allow users to centrally manage all the fungible and non-fungible digital assets they obtain from various blockchain services on the LINE Blockchain. LINE’s