Summary
The second most speculative topic in the financial markets is the pending, if not impending Fed Reserve rate decision four months from now. It was the most consistently active topic until dethroned by the Greek elections and the revival of the euro question two weeks ago. We will look at the current state of the U.S. economy in light of its bearing on the Fed decision. What are the current levels in the equities, currencies and bonds yields telling us? What have Fed officials been saying and how has it changed over the past several months. What is the likely impact of the world economic situation on the Fed decision? There does not seem to be a stable market consensus evident in the trading levels as to when the Fed will move. Commentators have largely chosen June or soon thereafter. Markets as yet, appear undecided. Join us for a thorough review of Fed policy.Latest Live Videos
Editors’ Picks
EUR/USD stays near 1.0800 after upbeat US data
EUR/USD stays under modest bearish pressure and trades near 1.0800 in the American session on Thursday. The data from the US showed that the real GDP growth for the fourth quarter got revised higher to 3.4% from 3.2%, supporting the USD and weighing on the pair.
GBP/USD stays in daily range above 1.2600
GBP/USD fluctuates in a narrow channel above 1.2600 on Thursday. The better-than-expected Initial Jobless Claims data from the US and the upward revision to the Q4 GDP growth helps the USD stay resilient against its rivals and limits the pair's upside.
Gold pulls away from daily highs, holds above $2,200
Gold retreats from daily highs but holds comfortably above $2,200 in the American session on Thursday. The benchmark 10-year US Treasury bond yield stays above 4.2% after upbeat US data and makes it difficult for XAU/USD to preserve its bullish momentum.
XRP price falls to $0.60 support as Ripple ruling doesn’t help Coinbase lawsuit against SEC
XRP programmatic sales ruling by Judge Torres was completely rejected by another US Court that ruled in favor of the SEC in a lawsuit against Coinbase.
Portfolio rebalancing and reflation trades emerge into Q2
Yesterday’s price action pointed at a possible end-of-quarter portfolio rebalancing as the session saw the laggards of the quarter like Apple and Tesla gain, and the stars like Microsoft and Nvidia retreat.