French Election No Majority, No Spending Surge, But Continued Uncertainty

The dollar index is trading within a narrow range for the second consecutive day, as traders await release of the US inflation report for March, which is expected to provide more hints on the Fed’s policy outlook. Widely expected start of cutting rates in June, as well as the pace and size of rate cuts, […]

The British pound is slightly lower on Friday. GBP/USD is trading at 1.2636 early in the North American session, down 0.17% on the day. UK retail sales hit 4-month high UK retail sales jumped 2.9% m/m in May, an impressive turnaround from the revised 1.8% decline in April and blowing past the market estimate of […]

Traders see decent chance for 50bps Fed cut in September Powell adds extra importance to jobs data, NFP awaited BoC decides on rates, third consecutive cut is fully priced in Aussie traders lock gaze on GDP numbers Bets for double Fed cut remain elevated Here comes another NFP week, with investors eagerly awaiting the results […]