By FXStreet Analysts at Scotiabank noted that Japan’s economy averted a technical recession by one mechanical definition marked by back-to-back quarterly contractions in economic output. USD/JPY: advances likely
By FXStreet Analysts at Nomura explained their review of the FOMC minutes. Key Quotes: “The minutes from the 26-27 April FOMC meeting read more hawkish than we had
By FXStreet Analysts at Scotiabank explained that the UK Labour report for March/April included some peculiar numbers. Key Quotes:“Wages including bonuses were strong (+1.2% m/m with revisions) bringing
By FXStreet Analysts at Rabobank offered their conclusions of the FOMC minutes. Key Quotes: “The minutes support our call for 2 hikes this year, as well as our
By FXStreet US stocks ended little changed on Wednesday after the Fed minutes showed a June rate hike is still “likely” if economic conditions continue improving. The Dow
By FXStreet Pound’s strength dominated the forex board, driving the GBP/CAD cross roughly 350 pips higher daily basis. The British currency outperformed its major rivals on diminishing chances
By FXStreet EUR/USD came under renewed pressure in Afternoon trade as the greenback rallied against its competitors, propelled by Fed minutes, which showed most members see June hike
By FXStreet Valeria Bednarik, chief analyst at FXStreet explained that the EUR/JPY pair trades mostly flat daily basis, having rallied earlier in the day up to 123.90, on
By FXStreet NZD/USD has dropped on the back of hawkish minutes from the FOMC meeting in April. FOMC minutes: June hike ‘likely’ The minutes showed that most officials
By FXStreet Oil prices came under pressure and settled lower on Wednesday after minutes from April’s Fed meeting showed a June rate hike was possible. Minutes underpinned the
