|

United States UoM 5-year Consumer Inflation Expectation in line with forecasts (3.3%) in July

Author

FXStreet Team

Composed of a group of economic journalists and FX experts, the FXStreet content team produces and oversees all content published on FXStreet. It provides a purely journalistic approach to the Forex market.

More from FXStreet Team
Share:

Editor's Picks

GBP/USD recedes from tops, back to 1.3420

GBP/USD reverses course on Friday and falls toward the low 1.3400s. Swelling tensions in the Middle East and rising global oil prices are lending support to the Greenback, which in turn keeps the risk complex and Cable under marked downward pressure.

EUR/USD comes under pressure, drops below 1.1500

EUR/USD retreats to the sub-1.1500 region on Friday, giving back some ground after a three-day rally. The pair’s decline comes amid a risk-averse market mood and renewed demand for the US Dollar ahead of the weekend.

Gold meets support just above $4,000

Gold faces renewed selling pressure, falling sharply toweard the $4,000 mark per troy ounce as the US Dollar regains momentum. Escalating US-Iran tensions are keeping inflation concerns and expectations of further Fed rate hikes alive, weighing further on the yellow metal.

Bitcoin eyes 50-day EMA breakout, Ethereum consolidates, XRP steadies

Bitcoin, Ethereum, and Ripple trade near key technical levels on Friday as the broader cryptocurrency market pauses following last week's recovery. BTC is approaching the 50-day Exponential Moving Average while ETH continues to consolidate between two major EMAs.

Warsh needs to restore his reputation
We were glad to see our deeply negative reaction to the Warsh press conference was not some personal peculiarity. Just about everybody in the financial press felt the same way. The consensus is building it’s not the Fed in the dog-house but only Warsh. Today the WSJ changed it tune and blasted Warsh—"the honeymoon is already over..”
9-3: Is the Federal Reserve’s vote tally Warsh's new forward guidance?
The rate did not move. Neither did the statement, and that’s the more interesting fact. Set the July 29 Federal Open Market Committee (FOMC) statement beside the one issued on June 17, and the two documents are identical apart from a single verb and a paragraph at the bottom naming three dissenters.