Currency futures fell as the dollar gained for the third consecutive week on Friday due to increased expectations of higher interest rates and ongoing discussions about the US debt ceiling. Talks between President Joe Biden and top congressional Republican Kevin McCarthy showed some progress and calmed investors. However, doubts remained about the timing of an Read More…
Most currency futures rose on Friday as the dollar dropped due to Federal Reserve Chair Jerome Powell’s unexpected dovish stance. Contrary to market expectations, Powell stated that the US central bank might not need to raise interest rates as much, considering the tightening of credit conditions. Additionally, the dollar faced pressure from a pause in Read More…
Currency futures fell on Friday as the US dollar rose. The dollar experienced its largest weekly gain since February. This rise occurred as investors sought safe havens due to concerns about the US debt ceiling and monetary policy. According to the University of Michigan survey released on Friday, US consumer sentiment reached a six-month low Read More…
Currency futures ended Friday mixed as the dollar rose after an upbeat jobs report. The dollar lost some of its gains made earlier versus the Euro but maintained its strength against the yen. April’s employment gains and wage growth exceeded economists’ expectations but revealed negative job revisions for March. The employment figures rose by 253,000, Read More…
Currency futures closed lower on Friday as the dollar rose. The US dollar increased due to statistics showing that US inflation increased in March. At its monetary policy meeting next week, the Fed is still on track to raise interest rates. The Bank of Japan announced it would retain its ultra-low interest rates as anticipated. Read More…
Overview It has been a while since we looked at 6B futures. Just like most other currencies, they are gaining grown against the Dollar. Pound traders that went long at the start of the year are up while the bears are struggling. Technical analysis There is an ascending triangle forming on the daily chart. This Read More…
