Analysts at Wells Fargo, estimate that the Federal Reserve could cut its monetary policy rate two times during 2019. They forecast one 25 bps cut in July 2019 and another cut in Q4-2019 and the Fed funds range to remain unchanged at 1.75%-2.00% in 2020.  Key Quotes:  “Inflationary pressure remains modest. We do not expect
Last week it was the worst King dollar is back on the throne. Last week there was fear about Mexican tariffs and this week there was relief. Or last week there was excitement about Fed cuts, now there is worry they won’t materialize. I think it’s instructive to combine the past two weeks. That tells
Symmetrical triangle limits short-term moves. 200-HMA adds strength to the support. EUR/GBP is gradually reaching towards the breakout points of a week-long symmetrical triangle as it trades near 0.8895 while heading into the European open on Friday. While the formation ends of 0.8880 and 0.8915 are likely strong levels to watch 200-hour moving average (200-HMA),
Trump: Iran is responsible for today’s attacks in the Gulf of Oman. Oil prices were up more than 3% on Thursday. Oil prices were up more than 3% on Thursday following reports of a tanker incident in the Gulf of Oman off the Iran coast. “It is the assessment of the U.S. government that Iran is responsible
According to Tim Riddell, senior market strategist at Westpac, after ECB extended forward guidance and detailed their TLTRO program, Draghi acknowledged that further easing measures had been discussed, balancing that with policy normalisation. Key Quotes “The fact that such discussions took place has subsequently been repeated by other ECB officials. Next week’s annual ECB forum