Less than expected Hawkishness from Fed Powell weakens the US dollar and in turn favor the Cable. Investors remain optimistic with expectation of rate hike from BoE. Fears about UK Brexit Minister Truss having personal reasons to trigger Article 16 creates woes before Thursday meeting. Pound is trading higher against the US dollar during [...]
The S&P 500 is a stock market index that measures the performance of about 500 companies which includes many of the largest companies in the U.S. It includes companies across 11 sectors and offers a picture of the health of the U.S. stock market and the broader economy. What is S&P 500? Standard and Poor’s [...]
EUR/USD is consolidating phase, firm Eurozone data underpins the move. Fed Hawkishness and the Merck's covid pill update boosts the risk- on mood in the market. Traders are keen to watch the speech from ECB’s Lagarde and Powell’s Testimony. Euro is in consolidating phase by erasing losses against greenback in Tuesday Asian session. Upbeat [...]
NFP disappointment overrules the other upbeat US reports and weighs on the greenback. Market remain cautious with the rising cases of coronavirus in Australia. Fed Powell's hawkish comments and rising US inflation might recoup the Friday US dollar losses. The Australian dollar trades high the US dollar on Monday Asian session since US dollar [...]
