Forex Market News

Forex Market News

Comic: Markets no longer believe a Fed rate hike is coming this year

Investing.com - Investing.com - Market expectations for additional Fed rate hikes this year faded in recent days, as last week’s disappointing April jobs report prompted traders to push back expectations for the next U.S. rate increase to early 2017. The CME Group's (NASDAQ:CME) Fed Watch tool suggested traders saw about a 7% chance the Fed would increase interest rates at its June 14-15 meeting compared to 10% before the publication of the nonfarm payrolls and 20% a month ago. The federal fund futures pointed to December as the market’s best guess for the next move in policy tightening with a probability of ...

Read More

Top 5 Things to Know In the Market on Wednesday

Investing.com - Investing.com - Here are the top five things you need to know in financial markets on Wednesday, May 11: 1. Dollar halts 6-day rally The U.S. dollar eased against a basket of currencies after six straight days of gains on Wednesday, falling to 93.99 after climbing to 94.33 a day earlier, which was the most since April 28. The greenback fell back below the 109-level against the yen as investors locked in gains following its steep rise after continued comments about possible intervention by the Japanese government. 2. Oil under pressure ahead of EIA supply data Oil prices gave back some gains on ...

Read More

RBS Head Says Banks Need Brexit Transition Details by Early 2018

Investing.com - (Bloomberg) -- Royal Bank of Scotland Group (LON:RBS) Plc Chairman Howard Davies said details of a post-Brexit transitional deal with the European Union need to be outlined in the next five months to stop more financial-services jobs from leaving London. "If there are no details by the first quarter of next year, the number of moves of people out of London will accelerate,” Davies said on Sky News Sunday. If nothing is certain by then, "I think people will trigger those contingency plans” requested by the Bank of England for the U.K. exit from the EU. A "relatively small” number ...

Read More