Category Finance

Will the US retail sales later mess up the Fed odds even more?Dollar holds lightly changed on the dayGold rally stalls as traders wait on Fed decisionGermany September ZEW survey current conditions -84.5 vs -80.0 expectedEuropean indices hold higher to start the dayWhat are the main events for…

Eyes are on the US retail sales report today, and the ‘control group’ in particular that excludes the volatile components on food, energy and building materials. The consensus is for a +0.3% reading to match the prior month. Going into the data, the market is pricing in a…

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The changes among the day remain light, with dollar pairs all holding within 10 pips change currently. It’s just one of those days where even if there are any moves, one shouldn’t look too much into it. At this point, it’s all about the Fed tomorrow. USD/JPY was…

Following recent success at the Finance Magnates Pacific Summit in Australia earlier this month, multi-asset Forex and CFD broker, FP Markets, was presented with three coveted Global Forex Awards at a ceremony held at the La Caleta in Limassol on Thursday 12 September. FP Markets was voted ‘Best…

Fundamental Overview Last Thursday, WSJ’s Timiraos published an article which seemed suggesting that a 50 bps cut was still being discussed. The market responded by raising 50 bps cut probabilities to around 40% from 13% before the news. Nick Timiraos is considered a Fed “insider”, so the market…

Last month, July retail sales nudged up by 1.0% and beat estimates here. Ten out of the thirteen categories showed an increase, so that helped. But this time around, the estimate is for headline retail sales to show a 0.2% decline. That said, ex-autos is estimated to increase…

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Fundamental Overview Last Thursday, WSJ’s Timiraos published an article which seemed suggesting that a 50 bps cut was still being discussed. The market responded by raising 50 bps cut probabilities to around 40% from 13% before the news. Nick Timiraos is considered a Fed “insider”, so the market…

Gold jumped higher in trading last week to fresh record highs but the latest leg is falling just shy of the $2,600 mark. Buyers are still in control but it looks like we might have to wait until the Fed tomorrow before deciding on where to go from…