Myrna

Here is what you need to know on Tuesday, September 16: The US Dollar (USD) stays under modest bearish pressure early Tuesday as investors adjust their positions ahead of the Federal Reserve's critical two-day policy meeting. In the second half of the day, August Retail Sales, Import Price Index and

Summary The European Central Bank (ECB) held its Deposit Rate steady at 2.00% at today's monetary policy announcement, keeping its monetary policy stance on hold for the second meeting in a row. The accompanying statement was neutral in tone and offered little in the way of forward guidance on futur

The Euro (EUR) reverses sharply against the US Dollar (USD) on Thursday, snapping a two-day losing streak and climbing back above the 1.1700 mark as traders digest the European Central Bank (ECB) policy announcement and US inflation data. The ECB maintained its key policy rates, including the Main R

The pound has traded within a fairly narrow range against the dollar so far this week, a trend that could potentially continue for the next few days, barring a big surprise in Thursday’s US CPI report. There are few economic data releases of note out of Britain either today or tomorrow, but markets

The Dow Jones backslid on Friday, falling back below 45,500.NFP job gains came in well below expectations, adding further bets to Fed rate cuts.A steepening decline in job creation has gone too far, overshooting market hopes for rate cuts and reigniting recessionary concerns. The Dow Jones Industria

S&P 500 didn‘t waver for long after the opening bell, and the steady buying and no wavering whether the last one or two hours, were the clue as to what the markets are expecting from NFPs and the reaction. I talked that in the video before the data release, and the figure was underwhelming, so w

The slowdown in the US labor market was confirmed today, when the NFP report reported that only 22k jobs were created last month. August is typically a slow month for payrolls; however, this was much worse than expected. The job declines were led by the manufacturing, mining, construction, and profe

EUR/GBP faces a slight challenge as UK Retail Sales rose 0.6% MoM and 1.1% YoY in July.The Pound Sterling may encounter challenges as Bank of England officials deliver mixed remarks.Eurozone Gross Domestic Product is projected to hold steady at 1.4% YoY and 0.1% QoQ growth in Q2. EUR/GBP continues i