At 9:15 am ET Tuesday, the Fed releases its report on industrial production in the month of June. Production is expected to climb by 0.5 percent in June after edging down by 0.1 percent in May. Ahead of the data, the greenback advanced against its major counterparts. The greenback was worth 112.65 against the yen, […]
Category: forex news
The US Dollar has bounced from a key support level as FOMC Chair Jerome Powell nears the start of his twice-annual testimony in front of Congress. What might Mr. Powell have to say about the flattening yield curve showing in US Treasuries?
The pound dropped against its major counterparts in the European session on Tuesday, trimming its early gains, after the Bank of England Governor Mark Carney warned of major economic consequences to the U.K., if a no-deal Brexit scenario arises. “Speaking very narrowly about the financial services side, in the event of a no-deal scenario… there […]
Canadian Manufacturing Sales Increased 1.4% In May The material has been provided by InstaForex Company – www.instaforex.com
Fed Chair Powell is due to testify in front of the Senate Banking Committee later on today.
Pound Slides To Weekly Low Of 0.8873 Vs Euro, 1.3129 Vs Franc The material has been provided by InstaForex Company – www.instaforex.com
Pound Drops To 4-day Low Of 1.3195 Against Dollar The material has been provided by InstaForex Company – www.instaforex.com
Pound Edges Down To 148.47 Against Yen The material has been provided by InstaForex Company – www.instaforex.com
Poland’s average gross wages increased more than expected in June, figures from Statistics Poland showed Tuesday. Average gross wages increased 7.5 percent year-over-year in June, faster than the 7.0 percent rise economists had forecast. On a monthly basis, average wages advanced 3.2 percent compared to the expected increase of 2.5 percent. Excluding payments from profits, […]
Gold prices rose slightly on Tuesday and the dollar treaded water as investors awaited Federal Reserve Chairman Jerome Powell’s first congressional testimony for possible clues on the outlook for U.S. interest rate rises. Spot gold was up 0.33 percent at $1,242.12 an ounce while U.S. gold futures for August delivery were up 0.17 percent at […]