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XE Market Analysis: North America - Sep 17, 2020
The dollar and yen gained concurrently with tumbling global stocks and commodity prices. EUR-USD consequently dropped to a five-week low at 1.1737 ahead of the European open, subsequently rebounding to the 1.1800 area. USD-JPY printed a seven-week low at 104.68. EUR-JPY also clocked a fresh seven-we
Cornerstone Brands Appoints Julian Wheatland as its CEO
Photo: London underground
Cornerstone Brands has announced this Monday that it has appointed a new Chief Executive Officer (CEO), with Julian Wheatland taking on the leading role.
According to the statement from the company today, as the CEO, Wheatland will be responsible for moving the company fo
CFTC Goes After Firms Falsely Claiming Regulatory Status in the US
Photo: FM
The Commodity Futures Trading Commission (CFTC) today warned against false claims about agency registration and endorsements related to trading in forex, cryptocurrencies, and derivatives.
First up on the warning list are Bitfx24option.com, Fidelityfxtrade.com, Granttradefx.com, iMarkets
US inflation expectations accelerate after Powell's speech
The US inflation expectations have accelerated following the Federal Reserve chairman Jerome Powell's historic Jackson Hole speech on inflation.
The 5-Year, 5-Year forward inflation expectation rate rose from 1.81% to 1.86% on Friday to hit the highest level since 2019.
On Thursday, Powell introdu
Dollar Tumbles as Fed Adopts Average Inflation Targeting to Allow Inflation Overshoot
Dollar appears to have finally taken a side, the downside, with Fed chair Jerome Powell’s Jackson Hole speech. In short, Fed is now adopting a “flexible form of average inflation targeting”, to achieve inflation that “averages 2 percent over time”. Therefore, following periods when inflation has bee
Focus Turned to Swiss Franc Selloff While Dollar Stabilizes Mildly
Selling focus turns from Dollar to Swiss Franc today, which also drags down Sterling, and to a lesser extent Euro. Dollar stabilized a little bit but there is apparent strength for recovery yet. In particular, commodity currencies are generally stronger while Canadian Dollar shrugs off weaker than e
Rupee opens higher tracking gains in Asian peers, weaker dollar
US-China phase 1 trade deal review scheduled to take place over the weekend was called off. Tensions between US-China continue to remain elevated. Taiwan formally signing a deal to purchase military jets from US would not go down well with Beijing. However, the markets seem to be disregarding this a
Loonie Rallies Ahead Of Canada Housing Starts
At 8:15 am ET Tuesday, Canada housing starts for July are due. Ahead of the data, the loonie climbed against its major rivals.
The loonie was worth 1.5660 against the euro, 79.79 against the yen, 0.9647 against the aussie and 1.3287 against the greenback as of 8:10 am ET.
Crude Oil Futures: Scope for extra losses
CME Group’s preliminary readings for Crude Oil futures markets showed open interest went up by nearly 2.6K contracts on Thursday. In the same line, volume rose for the second session in a row, now by around 148.8K contracts.
WTI seen side-lined near-term
Prices of the barrel of WTI inched lower on T
Pull-up Update
