British Pound Slips After Data, Still Tied to Range. Can GBP/USD Break Out Ahead of FOMC?
The British Pound has been moving sideways and struggling for direction. Can Sterling find some footing, or will the US Dollar take the wheel ahead of FOMC?
The British Pound has been moving sideways and struggling for direction. Can Sterling find some footing, or will the US Dollar take the wheel ahead of FOMC?
Bloomberg’s Larry Tabb on the recent surge in retail investing activity, speculative trading and the one thing most misunderstood about the markets.
The S&P 500 plunged at the start of the week on Evergrande worries, but despite the growing market risks, some industries are starting to look more attractive over the medium term.
The bull flag formation in NZD/USD has unraveled as the exchange rate snaps the opening rage for September.
Fed rate decision weighs on commodities, Gold and Silver remain flat despite equity sell-off.
The New Zealand Dollar fell going into Friday’s APAC session after risk aversion took hold in the US trading session. Safe-haven US Dollar bids weighed on NZD/USD.
EUR/USD appears to be on track to test the yearly low (1.1664) following failed attempt to clear the July high (1.1909).
The S&P 500 is trading at a fresh monthly low before US markets have opened for the day. Risk from Evergrande is spreading around the world and the Fed is in a blackout period until Wednesday.
Bitcoin fell back through its recent Fibonacci support level and may re-test the $43k level unless dip buyers appear once more.
Evergrande has riled markets since last week as debt concerns grow, hitting commodities and many EM currency pairs in the process. USD/ZAR continues rally as rand falls.