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Forex
Bank of England projected to trim interest rate by 25 basis points
The Bank of England is expected to trim the benchmark interest rate to 4.0%. UK inflation has unexpectedly surged, while economic growth has kept…
Gold price intraday buying remains unabated amid trade jitters, Fed rate cut bets
Gold price attracts some safe-haven flows in reaction to Trump’s fresh tariff threats.Rising bets for a Fed rate cut in September also benefit the non-yielding…
USD/JPY: Likely to consolidate between 147.00 and 148.20 – UOB Group
The current price movements are likely part of a consolidation phase between 147.00 and 148.20. In the longer run, sharp drop in USD has scope to extend, but…
EUR extends rebound through 1.1590/00 resistance – Scotiabank
EUR/USD remained well-supported near yesterday’s highs for most of the overnight session before creeping above 1.16 ahead of the North American open,…
USD/CNH: Expected to consolidate in a range of 7.1800/7.2000 – UOB Group
US Dollar (USD) is expected to consolidate in a range of 7.1800/7.2000. In the longer run, USD appears to have moved into a 7.1600/7.2240 range trading phase,…
US Dollar Index (DXY) drifts lower to 98.50 amid speculation about the next Fed Chair
The Dollar extends losses on Wednesday with all eyes on the Fed Chair nominee.Trump is expected to nominate a loyalist seeking higher support for his lower…
GBP lags peers somewhat – Scotiabank
Pound Sterling (GBP) is fractionally firmer on the day against a generally weaker US Dollar (USD) but it has lost ground to the Euro (EUR) again, Scotiabank's…
The Ted Weschler story: How a simple IRA became a $264 million fortune
In 1984, Ted Weschler was a 22-year-old financial analyst, fresh out of college and earning $22,000 a year. Nothing then predestined the man who would become…
WIX tops Q2 earnings and revenue estimates
Wix.com (WIX - Free Report) came out with quarterly earnings of $2.28 per share, beating the Zacks Consensus Estimate of $1.75 per share. This compares to…
Hassett: Trump’s top priority is to make economic data reliable
The White House’s economic adviser Kevin Hassett mentioned that Apple was expected to share an investment update on Wednesday as part of a broader conversation…