James Comey trial set for Jan. 5 on charges sought by Trump
“My family and I have known for years that there are costs to standing up to Donald Trump,” former FBI Director James Comey said after being indicted.
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Gold extends record run above $4,000 as traders await Fed Meeting Minutes
Gold (XAU/USD) marks another milestone on Wednesday, smashing through the $4,000 level for the first time as investors flock to the precious metal amid global economic and political uncertainty, coupled with a dovish Federal Reserve (Fed) outlook. -
Republican bill to end the US government shut down fails to win enough votes in the Senate
The Democratic vote failed to end the government shutdown earlier.
The Republican bill to do the same has also failed. A total of 60 votes are needed to pass the bill to end the shutdown.
This article was written by Greg Michalowski at investinglive.com.
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Republican bill to end the US government shut down fails to win enough votes in the Senate
The Democratic vote failed to end the government shutdown earlier.
The Republican bill to do the same has also failed. A total of 60 votes are needed to pass the bill to end the shutdown.
This article was written by Greg Michalowski at investinglive.com.
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Pound Sterling Price News and Forecast: GBP/USD stabilizes as US Dollar eases, traders await Fed minutes
GBP/USD recovers ground on Wednesday as the US Dollar (USD) trims some of its earlier gains amid a scarce economic docket on both sides of the Atlantic. -
CAD flat and outperforming on crosses – Scotiabank
The Canadian Dollar (CAD) is trading flat from Tuesday’s close and extending its recent consolidation around a cluster of key technical levels, a relative performer against all of the G10 currencies in an environment of broad-based US Dollar (USD) strength, Scotiabank’s Chief FX Strategists Shaun Os -
GBP/USD: Might drop to 1.3385 before recoverin – UOB Group
Pound Sterling (GBP) could drop to 1.3385 before recovering; the major support at 1.3325 is not expected to come into view. -
U.S. Treasury auctions off $39 billion of 10 year notes at a high yield of 4.117%
- High-yield 4.117%.
- Tail 0.3 basis points versus 6 month average of -0.9 basis points.
- Bid to cover 2.48X versus 6 month average up 2.57X.
- Directs 24.1% vs 6 month average of 16.3%.
- Indirects 66.8% versus 6 month average of 73.7%
- Dealers 9.09% vs 6 month average of 10.0%
Auction grade C
The positive tail does not compare to the six-month average. The bid to cover was less than the six-month average as well. The good news is that the domestic demand was very strong at 24.1% and the dealers were left with less than average, but the indirects were less than average.
This article was written by Greg Michalowski at investinglive.com.
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NZD tumbles on surprise 50bpt rate cut – Scotiabank
The US Dollar’s (USD) gains are extending into Wednesday’s NA session with broad strength against all of the G10 currencies. NZD is underperforming, down 0.6% on the back of an unexpectedly large RBNZ rate cut, Scotiabank’s Chief FX Strategists Shaun Osborne and Eric Theoret report. -
EUR/USD remains pinned near one-month lows with the FOMC minutes on tap
EUR/USD keeps hovering right above one-month lows at 1.1605, weighed by investors’ concerns about the fragile political and fiscal situation in France.
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