Month: September 2021

Federal Reserve Chairman Jerome Powell, in remarks to be delivered Tuesday, cautioned Washington legislators that the causes of the recent rise in inflation may last longer than anticipated. In a speech that he will deliver to the Senate Banking Committee, the central bank chair said economic growth has “continued to strengthen” but has been met
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GBP/USD came under intense selling pressure on Tuesday amid a broad-based USD strength. Surging US bond yields, the risk-off impulse in the markets lifted the safe-haven greenback. Oversold RSI on the 1-hour chart warrants some caution for bearish traders ahead of Powell. The GBP/USD pair added to its heavy intraday losses and dived to sub-1.3600s,
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Dallas Federal Reserve President Robert Kaplan became the second regional central bank leader to resign Monday, saying he was stepping down early following a recent controversy over stock market trades he made. Kaplan’s early retirement follows an announcement earlier in the day from Boston Fed President Eric Rosengren, who said he will leave as well
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USD/JPY edges higher on Tuesday following the previous day’s gains. Higher US Treasury yields underpin the demand for the US dollar. Hawkish Fed members, reduced contagion Evergrande risk and general risk-on mood aids USD. USD/JPY refreshes daily highs above 111.00 on Tuesday extending the overnight gains. The pair composed of nearly 40-pips movement in the
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S&P 500 futures turn negative, down 0.1% The push higher in Treasury yields is starting to weigh on stocks at the moment as the early optimism fades in the equities space. Tech stocks are hurt the most as Nasdaq futures are marked down 0.6% after having traded positively as much as 0.3% earlier. Dow futures
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