Live Economic News

Live Economic News

AUD/USD rises toward 0.7500 after FOMC minutes

AUD/USD gained momentum after the release of the FOMC minutes on the back of a decline of the US dollar across the board. The pair rose from......

CME Group FedWatch suggests traders still see high probability of June hike

Following the Federal Reserve's release of its May 2-3 policy meeting minutes, CME Group FedWatch tool, which calculates unconditional probabilities o...

U.S. Treasury's Mnuchin urges congress to raise debt limit prior to August break

U.S. Treasury Secretary Steven Mnuchin crossed wires, via Reuters, suggesting that the Congress needs to approve a "clean" increase in the federal deb...

US debt limit next major risk factor? - Nomura

The debt limit The Bipartisan Budget Act of 2015 suspended the statutory debt limit up through 15 March, 2017.  Key Quotes: "Starting 16 March, the ...

USD/CHF remains near session lows as greenback struggles to recover

Following the FOMC meeting minutes, the USD/CHF pair quickly fell to a new session low at 0.9736. After the initial reaction, the pair corrected towar...

Bitcoin at new record highs above $2400

Bitcoin on Wednesday rose nearly 10%, reaching a new all-time high at $2,483.33. As of writing, Bitcoin was trading at $2,456.  A recent announcement...

Forex today: FOMC no surprises in minutes, DXY and 10-y US yields lower, stocks higher

Forex today was dominated by the FOMC minutes that failed to entirely appease the dollar bulls with a lack of conviction in the rhetoric while the Fed...

Wall Street built on recent gains and closed higher on Wednesday

After starting the day higher, the major equity indexes in the U.S. were able to hold on to their gains after the May 2-3 FOMC meeting minutes showed ...

EUR/USD preserves daily gains above 1.12 after FOMC minutes

After an unsuccessful attempt to break above the 1.12 handle at the beginning of the NA session, the EUR/USD pair gathered momentum and rose to 1.1220...

Central Bank watch: ECB, FED and CAD - ANZ

Analysts at ANZ offered a breakdown of the various Central Banks from overnight.  Key Quotes: "The Fed: “Most participants judged that if economic i...