BofA warns of extreme dollar bearishness despite maintaining bearish stance

Kevin Warsh, United States (US) President Donald Trump’s nominee to replace Jerome Powell as the next chair of the Federal Reserve (Fed), told the Senate Banking Committee that fundamental policy reforms are needed. Key takeaways “No more pressing question than cost of living.” “We are dealing with the legacy of Fed’s policy errors.” “Need regime…

  Where is GBPUSD Headed by The Savvy Trader   How High Can a Surging GBPUSD Go?   This week’s price action in the dollar has been choppy, lacking a clear one-way trend, but the broader tone has been decidedly negative. We opened the week near the highs and are closing near the lows, not…

Fresh ethics filings show the trading violations that pushed Adriana Kugler out of the Fed were far broader and closer to key policy dates than previously known. The Wall Street Journal (gated) with the very dirty story. In summary: Former Federal Reserve Governor Adriana Kugler is facing intensified scrutiny after newly released ethics filings revealed…

European markets retreated slightly on Thursday, with the pan-European STOXX index dipping 0.1% to 628.24 points as investors reacted to a diverse set of corporate earnings and escalating geopolitical friction. Global sentiment remained cautious due to increased military activity between the US and Iran in the Middle East, a tension that overshadowed ongoing progress in…