European Session June 22  Other markets FTSE +0.22% Euro Stoxx -0.3%% Italian FTSE -0.43% Dax +0.05% CAC +0.05% Oil was further supported on demand recovery hopes & OPEC+ is making sure supply is tight. Private inventory data out tonight.  The drag on inventories and the pushing out of the time spreads as Adam pointed out alongside raising bullish
The forex markets are generally staying in consolidative mode today. Dollar and Yen pulled back slightly overnight, together with the notable rebound in stocks. But both are regaining some grounds while commodity currencies soften. Traders would likely be holding their bets on the next move first, waiting for some more guidance from Fed Chair Jerome
EUR/USD trims early Asian losses amid subdued session. DXY struggles to keep rebound amid sluggish yields, light calendar. Powell’s prepared remark pose upside risk but Fed policymakers’ divide keeps traders on the edge. Eurozone Consumer Confidence, ECB members comments could offer intermediate moves. EUR/USD recovers from intraday low, pares daily losses to 0.07%, around 1.1910
GBP/USD stalls after the previous day’s sharp rise.  Uptick in US treasury yields lift demand for the US dollar GBP remains under pressure amid Brexit chaos and delayed economic reopening. The appreciative move in the US dollar keeps GBP/USD gains under check. The pair accumulated stellar gains on Monday after the heavy losses incurred in
Amid the many business disruptions caused by covid-19, here’s one largely overlooked: artificial intelligence (AI) whiplash. As the pandemic began to upend the world last year, businesses reached for every tool at their disposal—including AI—to solve challenges and serve customers safely and effectively. In a 2021 KPMG survey of US business executives conducted between January
Trade ideas from FBS The US central bank turned the market upside down. It signaled that higher inflation is a concern and that it’s considering tapering policy. The USD soared versus other major currencies, while gold headed for the biggest weekly loss in 15 months. Let’s see what new moves await us this week! Trade