EUR/USD trades sideways with Fed policy on the horizon – FXStreet
Investors are keeping an eye on the Fed's policy meeting, with EUR/USD trading in a narrow range around 1.0500. Although the Fed will cut rates by 25 basis points, it is widely expected to make somewhat more hawkish statements on its policy guidance. ECB President Rehn said stable inflation near the central bank's 2% target […]
EUR/USD trades with caution ahead of French no-confidence vote – FXStreet
The EUR/USD pair fell slightly as investors focused on political instability in France as a vote of no confidence in the prime minister loomed. ECB President Holzmann supported a 25 basis point rate cut at the December 12 policy meeting. Investors will also be watching US private employment and services PMI data for November. EUR/USD […]
Woke Lancet Trades Science for Radical Gender Ideology
What was once important lancet Medical journals did their best to redefine sexism through gender ideologues, abandoning any pretense of “science” along the way. It is important to “ensure that individuals of a different gender than their own are represented in research data.” lancet I solemnly declare in the latest words problem. “Sex includes chromosomes, […]
Gold price trades with modest losses, downside seems limited amid trade war fears – FXStreet
Gold prices are attracting some sellers as a rebound in US Treasury yields helps revive US dollar demand. Trade war fears and geopolitical tensions could help limit losses for safe-haven XAU/USD. Aggressive traders should be cautious as trading volumes have thinned out due to the US holiday. Gold prices (XAU/USD) fell during Thursday's Asian session, […]
US Dollar trades mixed after positive Consumer Confidence data – FXStreet
Next to be released later Tuesday are the FOMC minutes. The US dollar fluctuates after the Consumer Confidence Index from the Conference Board turns positive, before volatility subsides. President-elect Trump threatens tariffs on Mexico, Canada, China to boost US dollar. In trading on Tuesday, the US Dollar Index (DXY), which measures the value of the […]
Hedge funds bet on Tesla, banks and other ‘Trump trades’ in Q3
Hedge funds piled up bets on financial stocks, Tesla stocks and prison operators in the third quarter ahead of rallies tied to Donald Trump's victory in the U.S. presidential election, according to filings. Many of the bets came to be known as the Trump trade, a corner of the market that sometimes hinged on the […]
U.S. crude oil rises, trades around $69 per barrel – CNBC
Oil futures rose slightly on Thursday, with the U.S. benchmark trading around $69 a barrel, but the market outlook remains bearish. Global oil supply next year is expected to exceed demand by more than 1 million barrels per day, driven by strong growth in the United States, according to the International Energy Agency's monthly market […]
Three potential MLB salary-dump trades to watch
Over the weekend, I tried to make the case why the New York team should at least inquire about Carlos Correa. He has four years and $128 million left on his contract, and he's in enough trouble that the Twins would have to eat money to move him or accept a deal that offsets Correa's […]
USD/CAD trades around 1.3900 after pulling back from all-time highs, awaits Fed decision – FXStreet
USD/CAD could rise as the US dollar (USD) receives support from President Trump's trade. U.S. Treasury yields rose to 4.31% and 4.47%, respectively, on Wednesday, their highest levels since July, before adjusting lower. Commodity-linked CAD is supported by rising oil prices. USD/CAD retreated from the all-time high of 1.3958 reached in the previous session. The […]
Australian Dollar plunges around 2% as Trump trades optimism boosts US Dollar – FXStreet
The Australian dollar fell as traders grew cautious ahead of the US presidential election results. The Australian dollar could regain momentum after RBA Governor Michelle Bullock reaffirmed her hawkish stance on Tuesday. Exit polls in Georgia give Mr. Trump a 10% lead over Ms. Harris, based on less than 1% of votes counted. The Australian […]