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Forex
EUR/USD extends losses as ECB officials see more rate cuts ahead
EUR/USD falls further as several ECB policymakers said they expect the Deposit Facility Rate to fall below the neutral level at around 2% or 2.25%.
ECB…
BoC looks set for another interest rate cut, with markets tilting toward 50 basis points trim
Bank of Canada (BoC) is expected to cut its policy rate by 50 bps.
The Canadian Dollar remains on the defensive against the US Dollar.
Headline inflation…
S&P 500 risks correction ahead of elections
The US S&P 500 and Dow Jones indices closed lower on Monday and Tuesday. The Nasdaq100 followed suit yesterday. The Russell 2000 index of small public…
USD/INR steadies due to potential RBI market intervention, 16th BRICS Summit eyed
The Indian Rupee receives downward pressure from sustained outflows in Indian equities.
Indian PM Modi is set to meet Chinese President Xi Jinping on the…
Gold price eases from all-time peak, downside potential seems limited
Gold price ticks lower, though it lacks follow-through and remains close to the record high.
Bets for smaller Fed rate cuts, elevated US bond yields and…
WTI trades with positive bias around mid-$71.00s, just below over one-week top
WTI holds steady amid hopes for a demand recovery in China and Middle East tensions.
A larger-than-expected rise in US crude stock caps the commodity amid a…
Japanese Yen weakens further below mid-151.00s against USD, lowest since July 31
The Japanese Yen continues losing ground amid the uncertainty over BoJ’s rate-hike plans.
The recent intervention warnings and the risk-off mood do little…
McDonald’s stock hurtles lower afterhours on E. coli outbreak
McDonald's stock shrinks as much as 10% after E. coli outbreak.
The bacteria has caused one death and ten hospitalizations in Colorado and Nebraska.
Burger…
GBP/USD skids to a halt with plenty of central bank talk in the barrel
GBP/USD scratched momentum on Tuesday, holding flat near 1.3000.
BoE Governor Bailey made his first of four public outings on Tuesday.
UK and US PMI…
EUR/USD tests further into the red, approaches 16-week low
EUR/USD lost another sixth of a percent on Tuesday, dipping below 1.0800.
ECB Lagarde’s middling comments did little to support Fiber bids.
EU and US PMI…