US Senate Majority Leader plans for government shutdown - POLITICO

Eren Sengezer FXStreet

Although the U.S. Senate Majority leader Mitch McConnell recently crossed the wires saying that he was anticipating that the House would pass the bill to fund the government later Thursday, a recent article published on Politico's website claimed that McConnell was making contingency plans for the growing possibility of a government shutdown.

"The Senate majority leader intends to keep the chamber in session through the weekend and stage a series of votes designed to put Democrats from conservative states on defense, according to two Republican sources familiar with his plans and an email sent by McConnell on Thursday and obtained by POLITICO," the article read.

Author

Eren Sengezer

FXStreet

As an economist at heart, Eren Sengezer specializes in the assessment of the short-term and long-term impacts of macroeconomic data, central bank policies and political developments on financial assets.

GBP/USD turns negative; slips back to 1.3530

GBP/USD comes under pressure and weakens toward the 1.3530 zone on Tuesday. Cable thus leaves behind two daily upticks in a row and retreats further from Monday’s multi-week tops past 1.3570 following humble gains in the Greenback and disheartening UK jobs data.

EUR/USD comes under pressure near 1.1570

EUR/USD could not sustain the earlier bullish attempt toward the proximity of 1.1600 the figure, coming under fresh downside pressure and revisiting the 1.1580-1.1570 band as the NA session draws to a close on Tuesday. The better tone in the US Dollar in the latter part of the day weighs on the pair amid steady volatility in the Middle East. Looking forward, the release of the FOMC Minutes takes centre stage on Wednesday.

$4,400 back in sight: Gold bulls regain control ahead of FOMC Minutes

Gold is looking back toward the $4,400 level early Wednesday, reversing a steep pullback seen on Tuesday. All eyes now remain on the Minutes of the US Federal Reserve (Fed) July policy meeting, due later on Wednesday, for fresh trading impetus.

UK CPI set to show inflation rebounding to four-month high due to higher energy bill

The United Kingdom (UK) Office for National Statistics (ONS) will release the high-impact Consumer Price Index (CPI) report for July at 06:00 GMT.

Bitcoin breaks 50-day EMA, Ethereum near critical resistance, XRP hints mild recovery

Bitcoin shows early signs of recovery, trading around $63,400 on Wednesday after a 2.9% gain and a close above key resistance earlier this week. Ethereum continues to trade sideways, nearing the upper consolidation range near $1,919, where a close above this level suggests a rally ahead. Ripple shows signs of a mild recovery as it holds around the key psychological level of $1.

Why is Crude Oil priced for a reopening the ships haven't made?

Fourteen vessels crossed the Strait of Hormuz on Tuesday. Before the war, the count ran near 120 a day. In the sessions since the waterway was publicly declared open, Brent has drifted back to $87 and West Texas Intermediate (WTI) to $81, both a little lower again on Wednesday, with daily momentum on each unwound from the top of its range in late July to the low twenties now.