FXStreet News Archives - Forex Crunch https://www.forexcrunch.com/blog/fxstreet/ Forex Trading with a Personal Touch Wed, 05 Jul 2023 10:49:48 +0000 en-GB hourly 1 https://wordpress.org/?v=6.8.3 https://www.forexcrunch.com/wp-content/uploads/2021/08/ForexCrunch-favicon-1.svg FXStreet News Archives - Forex Crunch https://www.forexcrunch.com/blog/fxstreet/ 32 32 A test for the Fed – ING https://www.forexcrunch.com/blog/2018/10/11/a-test-for-the-fed-ing/ Thu, 11 Oct 2018 19:33:51 +0000 https://www.forexcrunch.com/a-test-for-the-fed-ing/ “The combination of rising borrowing costs, trade tensions and geopolitical threats are stressing financial markets, but with US growth looking strong and inflation heading higher will the Federal Reserve ease back?” asks ING’s Chief International Economist James Knightley. Key quotes “It wasn’t long ago when the big story in bond markets was the potential for...

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]]> A section of US treasury yield curve inverts for first since 2007 https://www.forexcrunch.com/blog/2019/03/25/a-section-of-us-treasury-yield-curve-inverts-for-first-since-2007/ Mon, 25 Mar 2019 03:32:19 +0000 https://www.forexcrunch.com/a-section-of-us-treasury-yield-curve-inverts-for-first-since-2007/ A widely-followed section of the US Treasury yield curve has inverted for the first time since 2007, telling investors the Fed may cut rates to counter the slowdown in the economy.   The spread between the US 10-year and three-year treasury yield turned negative on Friday and is currently seen at -0.02, the lowest since...

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]]> 2020 US Elections: China to support a second Trump turn https://www.forexcrunch.com/blog/2020/07/09/2020-us-elections-china-to-support-a-second-trump-turn/ Thu, 09 Jul 2020 10:52:21 +0000 https://www.forexcrunch.com/2020-us-elections-china-to-support-a-second-trump-turn/ China has all the reasons to wish for a second Trump turn – the president’s self-centeredness, obscure business interests, the potential of choking Taiwan after doing so to Hong Kong and opportunities that the incumbent creates by abandoning America’s post-WWII role, FXStreet’s analyst Yohay Elam reports. Key quotes “Trump can be bought with soybeans: Trump...

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]]> Germany’s Altmaier: German economy to grow clearly more than 4% in 2022 https://www.forexcrunch.com/blog/2021/06/18/germanys-altmaier-german-economy-to-grow-clearly-more-than-4-in-2022/ Fri, 18 Jun 2021 10:31:39 +0000 https://www.forexcrunch.com/germanys-altmaier-german-economy-to-grow-clearly-more-than-4-in-2022/ Germany’s Economy Minister Peter Altmaier noted on Friday that the economy is picking up faster than many feared, as reported by Reuters. “The German  economy will grow clearly more than 4% in 2022,” Altmaier added. The German economy will, in part, be boosted by new betting regulation that legalises and regulates online gambling. A report...

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]]> USD/CAD retreats further from two-month tops, slides to 1.2400 neighbourhood https://www.forexcrunch.com/blog/2021/06/21/usd-cad-retreats-further-from-two-month-tops-slides-to-1-2400-neighbourhood/ Mon, 21 Jun 2021 12:52:37 +0000 https://www.forexcrunch.com/usd-cad-retreats-further-from-two-month-tops-slides-to-1-2400-neighbourhood/ USD/CAD edged lower on Monday and snapped four days of the winning streak. A turnaround in the risk sentiment prompted some profit-taking around the USD. A modest uptick in oil prices underpinned the loonie and contributed to the slide. The USD/CAD pair edged lower through the mid-European session and dropped to fresh daily lows, closer...

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]]> ECB’s McCaul: Seeing exuberance in asset valuations in certain segments of equity markets https://www.forexcrunch.com/blog/2021/06/21/ecbs-mccaul-seeing-exuberance-in-asset-valuations-in-certain-segments-of-equity-markets/ Mon, 21 Jun 2021 12:46:41 +0000 https://www.forexcrunch.com/ecbs-mccaul-seeing-exuberance-in-asset-valuations-in-certain-segments-of-equity-markets/ “Low interest rates are forcing a search for yield, easier access to credit is available which is, of course, is good unless it becomes excessive and contributes to an untenable credit risk environment,”  European Central Bank supervisor Elizabeth McCaul said on Monday. “We also see exuberance in asset valuations in certain segments of the equity...

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]]> US: Chicago Fed National Activity Index improves to 0.29 in May from -0.09 https://www.forexcrunch.com/blog/2021/06/21/us-chicago-fed-national-activity-index-improves-to-0-29-in-may-from-0-09/ Mon, 21 Jun 2021 12:41:36 +0000 https://www.forexcrunch.com/us-chicago-fed-national-activity-index-improves-to-0-29-in-may-from-0-09/ Chicago Fed National Activity Index edged higher in May. US Dollar Index stays in the negative territory above 92.00. The data published by the Federal Reserve Bank of Chicago showed on Monday that the National Activity Index (CFNAI) improved to 0.29 in May from -0.09 (revised from 0.24) in April.   “The CFNAI Diffusion Index,...

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]]> Thailand: BoT seen on hold this week – UOB https://www.forexcrunch.com/blog/2021/06/21/thailand-bot-seen-on-hold-this-week-uob/ Mon, 21 Jun 2021 12:26:37 +0000 https://www.forexcrunch.com/thailand-bot-seen-on-hold-this-week-uob/ Lee Sue Ann, Economist at UOB Group, comments on the upcoming BoT event later this week. Key Quotes “We continue to observe that policy space remans very limited, while fiscal policies will likely do the heavy lifting in supporting economic growth.” “We keep our call for BoT to leave its benchmark rate unchanged at 0.50%...

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]]> UK PM Johnson’s spokesman: Committed not to increase rate of income tax https://www.forexcrunch.com/blog/2021/06/21/uk-pm-johnsons-spokesman-committed-not-to-increase-rate-of-income-tax/ Mon, 21 Jun 2021 12:06:37 +0000 https://www.forexcrunch.com/uk-pm-johnsons-spokesman-committed-not-to-increase-rate-of-income-tax/ British Prime Minister Boris Johnson’s spokesman reiterated on Monday that the government made a commitment not to increase rates of income tax, as reported by Reuters. “The government is committed to the triple lock on pensions,” the spokesman further added. Market reaction These comments don’t seem to be having a noticeable impact on the British...

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]]> S&P 500 Index: Break of support at 4170/68 to clear the way for a test of the 4142 mark – Credit Suisse https://www.forexcrunch.com/blog/2021/06/21/sp-500-index-break-of-support-at-4170-68-to-clear-the-way-for-a-test-of-the-4142-mark-credit-suisse/ Mon, 21 Jun 2021 11:56:41 +0000 https://www.forexcrunch.com/sp-500-index-break-of-support-at-4170-68-to-clear-the-way-for-a-test-of-the-4142-mark-credit-suisse/ The S&P 500 Index has broken support from its uptrend from last October and price support at 4170/68, clearing the way for a test of the 63-day average at 4142, the Credit Suisse analyst team reports. Initial resistance seen at 4189   “S&P 500 is coming under increasing pressure following the failure to clear our...

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