News

Houston, we have liftoff (again)… ForexLive The chart above details what you need to know about possible SNB intervention over the past few weeks. It is getting quite clear that the central bank is back in the market to smooth out the appreciation seen in the franc once again. Total sight deposits have been relatively
GBP/USD rises after the UK government turns down pessimistic predictions in the Yellowhammer report. The latest statements from the US President Donald Trump add to the strength. With the UK government sources on their run to turn down the Yellowhammer report’s predictions, coupled with the US President’s comments, GBP/USD takes the bids to 1.2160 during
What’s coming next for global markets [embedded content] Bonds are painting an ever-dour message on Fed policy, an end to globilsation and slower global growth. We look ahead to next week.  As I review in the ‘Event risk playbook’, the market will trade in anticipation of Friday’s Jackson Hole Symposium, and what will be and
Not clear where the tanker is headed A Gibraltar court released the Grace 1 tanker on Saturday and the ship is preparing for departure. The move came despite US objections and appeals. The US government issued a warrant to seize the ship, saying all oil aboard the ship is subject to forfeiture due to a
Fed Chair Powell speaks at Jackson Hole Economic Policy Symposium on Friday The key event next week her until Friday at 10 AM ET/1400 GMT, when Fed Chair Powell is scheduled to speak at the Jackson Hole Economic Policy Symposium.  The title of his speech is “Challenges for Monetary Policy”.   The meeting minutes from the last FOMC meeting will
Total rig counts 935 versus 931 estimate oil rig counts 770 versus 762 estimate and 764 last week gas rig count 165 versus 169 estimate and 169 last week total rig count 935 versus 931 estimate and 934 last week The price of crude oil was trading at $54.66 prior to release of the data.  The price is currently
EURGBP goes back higher  There was a report from Der Spiegel that German governement is said to be prepared for deficit spending in case of a recession.   That news has given the EURUSD a lift. The price is back above the 1.1100 level and looks to revisit the high for the day at 1.11115 and the
Gold Price Talking Points: Gold Prices Pull Back to Support Gold prices are currently testing a level of support at 1509 after setting another fresh six-year-high earlier this week. As discussed in yesterday’s webinar, the longer-term resistance zone that runs from 1509-1527 has helped Gold’s short-term price action build into a range; and a support