Powell’s comments from testimony weaken the US dollar ahead of another important monetary event – FOMC minutes. Powell says that uncertainties are growing and weak inflation will be even more persistent. These dovish remarks reassure investors that interest rate cut in the US is almost certain this month. The dollar index is down by 0.3% and US 10Y yields are below 2.05%.
Summary - Mixed stock session in Europe, Wall Street ticks higher - USD trades as the strongest G10 currency - Canadian retail sales disappoint -...
3:18 PMSummary - University of Michigan consumer confidence misses expectations - S&P 500 (US500) found some support at the 33-period EMA - Microsoft...
10:21 AMSummary: Gold retested support at $1438 The rally continues after a moment of range trading Trade: long GOLD at market price Target: 1453 Stop:...
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