Intraday Trading

The US dollar posted declines on Thursday following comments from NY Fed President John Williams. Williams said that the central bank must act quickly to lower interest rates rather than wait for an economic disaster. The NY Fed Chief…
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At an event yesterday, Jerome Powell, the chair of the Federal Reserve, said that the magnitude of the projected rate cut at the upcoming Fed meeting was up for debate. He did, however, indicate that the Fed will definitely be cutting rates…
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The US dollar attempted to reverse the losses from last week on Monday, turning slightly bullish. However, price action was rather subdued. Investors will be looking towards the US retail sales report due later today. Following a strong…
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Producer prices data from the US released on Friday saw a slower pace of growth in June. Official data showed that inflation at the factory gate grew just 0.1% on the month in June. The slower pace came as energy prices fell 3.1% while…
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The much-anticipated testimony from Fed Chair Jerome Powell happened on Wednesday. As widely speculated, Powell made the case for a rate cut. This sets the stage for the July Fed meeting where interest rates could be lowered. Following…
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The markets were trading mostly flat on the day on Tuesday thanks to a lack of economic data. Investors are now waiting for Fed Chair Jerome Powell’s testimony today. Powell will be making prepared remarks later today. Following the…
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The US dollar index was trading higher on Monday. This comes following last Friday’s payrolls report. Investor expectations for a larger rate cut in July fell after a strong payrolls report showed a rebound in the labor market. The Fed…
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The monthly payrolls report from the US saw employers adding 224,000 jobs during June. This was higher than the estimates of 162,000 jobs. The unemployment rate ticked higher to 3.7% on an increased participation rate. The average hourly…
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The US markets are reopening after being closed on Thursday for Independence Day. Investors will be eyeing the payrolls report due later today. The US economy is forecast to add 162k jobs in June. Besides the US payrolls report, Canada…
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The initial cheer brought about by the trade truce between Washington and China during the G20 summit was short lived. Equities gave back the gains while gold managed to reverse the temporary losses. The Washington administration shifted…
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