OANDA, New York based forex trading serving provider recently revealed in an announcement that it has made a new addition to its APAC region senior level leadership team. As per statement released by the firm…
Asian Indices Higher, GBPUSD Retreats Ahead of Brexit…
Asian Indices ended higher today as investors turn cautious ahead of the UK Parliaments vote on the Brexit deal. Meanwhile, the US and China's partial trade deal spill optimism in equities markets. Chinese Government wants to…
Federal Reserve Board finalizes rules that tailor its…
The Federal Reserve Board on Thursday finalized rules that tailor its regulations for domestic and foreign banks to more closely match their risk profiles. The rules reduce compliance requirements for firms with less risk while…
Brief Remarks by Chair Jerome H. Powell –…
Thank you, Randy, for the kind introduction. It is a great pleasure to join you all this morning for the premiere of KUED's documentary Marriner Eccles: Father of the Modern Federal Reserve. It is also a great…
Federal Reserve issues FOMC statement
Information received since the Federal Open Market Committee met in June indicates that the labor market remains strong and that economic activity has been rising at a moderate rate. Job gains have been solid, on…
USDCAD Approaches Yearly Low
Asian indices finished higher today as Fed’s Jerome Powell testimony opens the way for an interest rate cut in the next policy meeting. The Nikkei225 finished 0.51 percent higher at 21,643 the Hang Seng finished…
Equities Decline for Third Consecutive Session, US Job…
Profit warnings and rebound in USD hurt investor sentiment causing equities and benchmark indices to decline. Traders now await Powell speech for directional cues. Summary: Equities and major benchmark indices in Asian and European markets…
Friday Payrolls Day, Dollar Edges Higher as Bond…
Summary: The US Dollar maintained its bid tone, edging higher against its rivals, boosted by higher bond yields. Jerome Powell’s comments on “transitory” factors dragging on inflation saw US rate cut bets pared by interest…
Powell Stays “Patient”, Dollar Edges Higher, Kiwi Tumbles
Summary: Federal Reserve Chair Jerome Powell chose to remain patient on policy, with no bias to hike or cut rates. Powell said that “job growth was stronger than expected while inflation has been somewhat weaker”,…