USD/CAD presents a constructive outlook after this past week’s bullish breakout. Meanwhile, oil exhibits a negative technical bias as prices continue to develop a bearish chart formation. Read More
The U.S. dollar (DXY) has risen to its best level since early January, driven by surging U.S. Treasury yields in response to a hawkish repricing of the Fed’s tightening path amid sticky inflation. Read More
A series of stubborn prices pressures via hotter CPI and PPI readings warned of a slowdown of the disinflation trend. However, January’s data supports the Fed’s warnings Read More
Spot gold continues to struggle after printing a fresh 7-week low yesterday. Can the US PCE data provide a catalyst and reignite an upside rally? Read More
The Japanese Yen slipped back a little despite more strong inflation numbers as the man set to take over at the Bank of Japan offered little prospect of major changes Read More
<p>The US Commodity Futures Trading Commission (CFTC) has charged five individuals and three companies associated with them for three interconnected $145 million <a href=”https://www.financemagnates.com/tag/ponzi-scheme/” target=”_blank” rel=”follow”>forex trading Ponzi schemes</a>, defrauding more than a thousand investors.</p><p>CFTC Busts $145 Million Ponzi Scheme</p><p>Announced on Thursday, the lawsuit named Marcus Brisco and his two companies, Yas Castellum LLC, Yas Castellum Financial LLC; Tin Quoc […]
The U.S. dollar extends its rebound following the release of the FOMC minutes on Wednesday, reinforcing the short-term negative bias in the euro and gold prices. Read More