Dollar surges on safe-haven flows; Fed meeting looms large

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As shown by the S&P 500 index chart (US SPX 500 mini on FXOpen), yesterday’s trading saw the index hit a new intraday high of 5,678.9, surpassing the previous record of 5,677.5 set on 16 July. However, the bulls were unable to maintain this historic peak, which is a negative sign, suggesting the possibility of…

Rachel Reeves was hit by a fresh sell-off in government bond markets on Tuesday, underlining the formidable challenge facing the chancellor in the run-up to the autumn budget. The yield, or interest rate, on 30-year UK government debt hit its highest level since 1998, at 5.723%, indicating that it will cost the UK more to…

The British pound rose as much as 0.70% today but has given up almost all of these gains. In the North American session, GBP/USD is trading at 1.2560, down 0.10% on the day at the time of writing. BoE stays on the sidelines, says cuts will be ‘gradual’ The Bank of England joined the parade…

Traders Workshop – For Real Success – You Need To Learn From The Best! Complete Trading School by Vladimir Ribakov Treasuries rally as bleak jobs spur Fed-Cut bets. Strong evidence of a cooling US labor market rippled through Wall Street, spurring a rally in bonds as traders boosted their bets the Federal Reserve will cut…

Investing.com – The U.S. dollar pushed further higher Thursday, climbing to a one-year peak after consumer inflation data raised doubts over the extent of Fed interest rate cuts, while Donald Trump started filling the key positions in his new administration.  At 04:35 ET (09:35 GMT), the Dollar Index, which tracks the greenback against a basket…