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 turns negative near 1.0760
The sudden bout of strength in the Greenback sponsored the resurgence of the selling pressure in the risk complex, dragging EUR/USD to the area of daily lows near 1.0760.
GBP/USD comes under pressure and challenges 1.2500
GBP/USD now rapidly loses momentum and gives away initial gains, returning to the 1.2500 region on the back of the strong comeback of the US Dollar.
Gold retreats from highs on stronger Dollar, yields
XAU/USD trims part of its initial advance in response to the jump in the Dollar's buying interest and the re-emergence of the upside pressure in US yields.
XRP tests support at $0.50 as Ripple joins alliance to work on blockchain recovery
XRP trades around $0.5174 early on Friday, wiping out gains from earlier in the week, as Ripple announced it has joined an alliance to support digital asset recovery alongside Hedera and the Algorand Foundation.
Week ahead – US inflation numbers to shake Fed rate cut bets
Fed rate-cut speculators rest hopes on US inflation data. After dovish BoE, pound traders turn to UK job numbers. Will a strong labor market convince the RBA to hike? More Chinese data on tap amid signs of slow Q2 start.