European markets down, US tepid as traders look to Powell speech
Fresh data on consumer price rises for the Eurozone showed inflation at 2.6% in July, up from 2.5% in June.
Fresh data on consumer price rises for the Eurozone showed inflation at 2.6% in July, up from 2.5% in June.
- The U.S. dollar has seen selling across the board, according to analysts at Bank of America, and further losses remain a possibility. “Our proprietary flows show...
Wall Street roared back after a sell-off early in the month as fears of recession eased. The technology sector, which bore the biggest brunt, rebounded strongly and once again led the market over the past week.
The Aussie dollar has risen again in the early hours of Tuesday trading, as the US dollar continues to suffer at the hands of short sellers worldwide.
According to BlockBeats, on August 20, U.S. stock futures remained largely unchanged following a strong performance the previous day. The market is speculating that the Federal Reserve may soon signal a readiness to begin cutting interest rates. After the S&P 500 Index strengthened for the eighth consecutive day on Monday, traders took a brief pause.Trading volumes have decreased as investors are hesitant to make significant bets ahead of this week's Jackson Hole Economic Symposium. Kyle Rodda, a senior market analyst at Capital.Com Inc., noted that recent data has alleviated concerns about a slowdown in U.S. economic growth without sparking fears of a resurgence in inflation.
Bank of America (BofA) provided insights into the current state of G10 foreign exchange (FX) positioning, noting that it has become more balanced compared to the end of the second...
Bank of America (BofA) reported a growing consensus against the U.S. dollar, with a noticeable sell-off occurring last week. Investors in both the United States and Europe have...
- The U.S. dollar slipped lower Tuesday, falling close to seven-month lows amid growing conviction that the Federal Reserve will cut interest rates in September. At...
According to PANews, the Seychelles National Assembly has approved a draft bill aimed at regulating Virtual Asset Service Providers (VASPs). The legislation mandates that VASPs seeking licenses must establish substantial operations within Seychelles, including having resident directors and offices staffed with competent employees. This law aims to balance innovation with anti-money laundering efforts and comply with the recommendations of the Financial Action Task Force (FATF).
-- Most Asian currencies drifted higher on Tuesday, while the dollar steadied at a more-than seven-month low amid growing conviction that the Federal Reserve will cut...