FXTM Forex Market News

2021-05-28 23:47:49 Week In Review: Fed Speakers, Gold Sparkles, Biden’s Budget
https://www.forextime.com/market-analysis/week-review-fed-speakers-gold-sparkles-bidens-budget Open / Comment

2021-05-28 11:56:48 The dollar continues to trade just above strong support as it struggles for direction amid low volatility generally in FX. President Biden is set to release a fully costed budget plan today including $6 trillion in federal spending for the fiscal year 2022 to be raised to $8.2 trillion by 2031. This will leave rather large holes in the annual budget in excess of $1.3 trillion over the next decade.

Of course, what is promised by the new administration and what gets delivered are two different things with the previous Democrat hiding in the mid-term elections after Obama became President... Read More (https://www.forextime.com/market-analysis/trillions-and-trillions) Open / Comment

2021-05-28 11:56:48 Open / Comment

2021-05-28 11:56:47 Trillions and trillions
https://www.forextime.com/market-analysis/trillions-and-trillions Open / Comment

2021-05-27 16:34:36 A sense of caution enveloped financial markets on Thursday as investors awaited US data expected to offer more clues on inflation, economic growth and the outlook for monetary policy.

European markets are mixed while US futures are slightly lower amid cautious trade. It is shaping up to be another week that has been heavily influenced by inflation expectations with comments from several Federal Reserve officials impacting markets. While most members have repeatedly stated that the recent pickup in inflation would be transitory, taper talks may be gathering momentum.

Fed Governor Randal... Read More (https://www.forextime.com/market-analysis/markets-cautious-ahead-us-inflation-data) Open / Comment

2021-05-27 16:34:36 Open / Comment

2021-05-27 16:34:36 Markets cautious ahead of US inflation data
https://www.forextime.com/market-analysis/markets-cautious-ahead-us-inflation-data Open / Comment

2021-05-27 12:19:30 The dollar found some love from its multi-week lows yesterday as another Fed speaker was in the news, but this time suggesting that at some stage it will become important for the Fed to discuss plans to tighten its asset purchase programme. Fed vice chair for supervision, Randal Quarles signalled he’s open to start the taper debate if the economy remains strong, though rates hikes are still a long way off.

It seems there is certainly more debate at the Fed than the “not thinking about thinking” about monetary tightening that Chair Powell characterised as the Fed’s stance last year, but... Read More (https://www.forextime.com/market-analysis/mixed-messages-mixed-markets) Open / Comment

2021-05-27 12:19:30 Open / Comment

2021-05-27 12:19:30 Mixed messages, mixed markets
https://www.forextime.com/market-analysis/mixed-messages-mixed-markets Open / Comment