British Prime Minister Theresa May’s spokesman crossed the wires in the last minutes noting that Iran’s seizure of the oil tanker was illegal and calling upon them to release the ship and its crew immediately. The spokesman also announced that the foreign minister will make a statement on that matter later in the day.“It is

The pound’s vulnerability has been exposed. When the US reported an increase of 224,000 jobs in June – significantly above 160,000 projected – the greenback gained ground across the board. However, some currencies have weathered the storm better than others and Sterling has been on the losing side. GBP/USD fell below 1.2500, the lowest since

The Federal Reserve has 224,000 good reasons to ignore President Donald Trump and remain patient on interest rate cuts. The US economy has gained that number of jobs in June – far above 160,000 expected and 120,000 that was feared of.The US labor market seems robust enough to prevent the Fed from slashing interest rates

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“The outlook has dimmed” – said Jerome Powell, Chair of the Federal Reserve on Wednesday – and his dovish words continue reverberating and weighing heavily on the US dollar. EUR/USD has advanced to 1.1280.It has been impossible to sugarcoat Powell’s concerns that weak inflation may become persistent, a notable drop in investment, and his refusal

GBP/USD has barely escaped the abyss of reaching the lowest in over two years – but no dangers await. Tuesday’s mix of worries around Brexit sent cable to 1.2439 – only one pip above the 2019 low of 1.2438 recorded in January. A fall to 1.2437 would have represented the lowest levels since 2017.Today’s data

The wait and the frustrating range trading have almost come to an end. Jerome Powell, Chair of the Federal Reserve, will testify before the House Financial Services Committee – shedding some light on the next moves of the Fed.Bond markets are pricing in a rate cut of 25 basis points at the end of the month

EUR/USD has been leaning lower – and for good reasons. Dark clouds are gathering over Europe and the European Central Bank is ready to react. The latest depressing sign came from the Sentix Business Investor Confidence. The 2,800-strong survey has dropped to -5.8 points – expressing growing pessimism – and also falling below expectations.Markets have

The “Powell Put” has probably run its course – and it is back to Brexit reality. Fed Chair Jerome Powell has concluded his lengthy testimonies on Capitol Hill by signaling the Fed will cut rates in July. In his second appearance on Wednesday, Powell expressed concern about a slowdown in investment among other topics.The dollar

What happens when the data contradicts the central banker’s word? Confusion and choppy price action. US Core Consumer Price Index has accelerated to 2.1% in June – above 2.0% expected. The news came around one day after Jerome Powell, Chair of the Federal Reserve, said that inflation is subdued and that it may persist –