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Dollar Drops as Powell Said Uncertainties Continue to Weigh on Outlook, Testimony Awaited

Dollar Drops as Powell Said Uncertainties Continue to Weigh on Outlook, Testimony Awaited

Dollar drops notably in response to Fed Chair Jerome Powell’s prepared remains for the two day Congressional testimony which starts...
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Dollar Stays Firm ahead of Fed Powell’s Testimony, UK GDP & BoC Watched Too

Dollar Stays Firm ahead of Fed Powell’s Testimony, UK GDP & BoC Watched Too

Dollar remains the strongest one for the week even though upside momentum is diminishing today. The single most important factor...
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Dollar Stays Firm as Fed Powell Offers No Rate Clue Yet, Sterling Weak

Dollar Stays Firm as Fed Powell Offers No Rate Clue Yet, Sterling Weak

Dollar, Swiss Franc and Yen remain the strongest ones for today. Risk aversion mode was turned on in European session...
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CFTC Commitments of Traders – Bulls Outweighs Bears in Canadian Dollar’s Outlook

CFTC Commitments of Traders – Bulls Outweighs Bears in Canadian Dollar’s Outlook

For that first time since March 2018, CAD futures recorded NET LENGTH of 6 293 contracts, as suggested in the...
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CFTC Commitments of Traders -Traders Bet Higher Crude Oil Price ahead of OPEC+ Meeting. Net Length Likely Drops in the Coming Week

CFTC Commitments of Traders -Traders Bet Higher Crude Oil Price ahead of OPEC+ Meeting. Net Length Likely Drops in the Coming Week

According to the CFTC Commitments of Traders report for the week ended July 2, NET LENGTH for crude oil futures...
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Australian Dollar Softer on Weak Business Confidence and Chinese Stocks

Australian Dollar Softer on Weak Business Confidence and Chinese Stocks

Following mild pull back in US equities overnight, Asian markets are mixed. Though, apparent weakness in China and Hong Kong...
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Euro Lower on Deteriorated Eurozone Investor Confidence

Euro Lower on Deteriorated Eurozone Investor Confidence

Euro trades broadly lower today as investor confidence deteriorated further despite slightly easing US-China trade tensions. German 10-year yield also...
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Dollar Paring Gains as Focus Turns to Fed Powell’s Testimony and FOMC Minutes

Dollar Paring Gains as Focus Turns to Fed Powell’s Testimony and FOMC Minutes

Asian markets tumble broadly, partly as reactions to Japan’s export controls on certain Korean semiconductor materials. Also, the weakness is...
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BOC Preview – Not Following Fed’s Footstep

BOC Preview – Not Following Fed’s Footstep

BOC is expected to leave the policy rate unchanged at 1.75% this week, and for the rest of the year....
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Markets Still Believe in a July Fed Cut, But Powell Has the Last Chance to Correct It

Markets Still Believe in a July Fed Cut, But Powell Has the Last Chance to Correct It

Major global treasury yield tumbled sharply last week on expectations of policy easing by central banks. In particular, ECB Governing...
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