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<p>While we do not expect any change in monetary policy at the June FOMC meeting, there are a number of things that should be watched for. Chair Jerome Powell will discuss the economic outlook and the monetary policy stance at the press conference. The staff will also release the first macroeconomic projections since last December. […]

<p>The stock market hot streak is over. After numerous hedge funds threw in the towel scrutinizing this historic stock market rebound, it seems now the financial markets are ready to focus on the economic recovery and when the Fed will contemplate the curtailment of the COVID-19 emergency programs. Global equities are softening as investors a

<p>The Federal Reserve’s Open Market Committee (FOMC) will conclude its two-day monetary policy meeting on Wednesday, announcing its decision at 18:00 GMT. After unprecedented central bank intervention since March to prevent a virus-induced economic meltdown, policymakers are not expected to make significant changes to their emergency program

<p>Chairman Powell could prioritize pulling back stimulus to reinforce the Fed’s independence from political influence. Ironically, as central banks across the globe have become more relevant than ever to the smooth functioning and valuation of financial markets, their scheduled monetary policy meetings have declined in terms of market signif

<p>USDCAD has been in declining movement over the last month but is currently trading above the three-month low of 1.3360. The stochastic oscillator is approaching the overbought zone; however, the RSI is pointing down after the touch on the neutral threshold of 50. Also, the red Tenkan-sen line is holding below the blue Kijun-sen line, [&hel

<p>The S&P 500 Futures  are losing ground after they charged higher yesterday as investors’ appetite for risky assets was boosted by the Federal Reserve’s announcement of widening its Main Street lending program. For a second straight session the Nasdaq 100 marked a fresh record close. Later today, the National Federation of

<p>The pair remains firmly in red on Tuesday (following Monday’s 1.05% drop) and extends pullback through 108.40/24 support zone, consisting of 200DMA/Fibo 38.2% of 105.98/109.85 / 10DMA / 100DMA. Monday’s long red daily candle formed bearish outside day which signals top and adds to bearish pressure. Fresh extension lower cracked

<p>Notes/Observations Issuance bonanza continues (UK, Spain, Ireland, Greece with syndicates; Dutch, Germany with planned auctions; demand deemed quite healthy Risk aversion finds some tailwinds on Far East political strains Rising tensions between North Korea and South Korea aid demand for safe-haven assets; China-Taiwan joust on airspace Ch

<p>The British Pound declined by 467 pips or 2.52% against the Australian Dollar during last week’s trading sessions. The decline was stopped by the monthly S1 at 1.8127 last week. Currently, the currency pair is trading near the monthly support level at the 1.8127 area. If the monthly S1 holds, a breakout through the upper […]

<p>The Pound Sterling consolidated near 1.7050 against the Canadian Dollar during last week’s trading sessions. The GBP/CAD currency pair traded above the 1.6900 level last week. Technical indicators suggest that the exchange rate will most likely trend bullish during the following trading sessions. The potential target for buyers would