US dollar off Friday’s best levels as market awaits key data and events week

The US dollar faced some profit-taking against other majors, after receiving a boost the previous week on tax reform hopes in the US and strong third quarter growth while the euro was hit by the political uncertainty in Spain. US dollar off Friday’s best levels as market awaits key data and events week Euro/dollar climbed
Complete Reading

WTI oil futures hold neutral to bearish bias in short term; key support at 50 WTI oil futures dropped below the recent consolidation range and prices are now targeting support at the key 50 level. Risk is clearly tilted to the downside in the near term, while technical signals are bearish. The MACD and RSI
Complete Reading

Russia Holds Key Interest Rate at 9% Russia Holds Key Interest Rate The Central Bank of Russia held its benchmark one-week repo rate at 9 percent on July 28th, as widely expected, saying that short-term and mid-term inflation risks persist and that the decline of inflation expectations has come to a halt. The central bank
Complete Reading

Euro Area Interest Rate  | Data | Chart | Calendar | Forecast source: tradingeconomics.com CURRENCY INVESTORS key interest rate unchanged  The ECB held its benchmark refinancing rate at 0 percent on July 20th, as widely expected, and confirmed the net asset purchases are intended to run at the current monthly pace of €60 billion until
Complete Reading

DOLLAR LOWER AFTER YELLEN SAYS INFLATION IS KEY UNCERTAINTY FOREX INVESTROS BUZZ  DOLLAR LOWER  The dollar weakened against a basket of the other major currencies on Wednesday after Federal Reserve Chair Janet Yellen reiterated that the U.S. central bank will stick to a gradual approach when raising interest rates. The U.S. dollar index, which measures
Complete Reading

Create Account



Log In Your Account