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Fed Member Says Rate Hikes Could End in 2019

Interest rate hikes could come to an end for this cycle in 2019, Philadelphia Fed President Patrick Harker said Thursday. One of the more hawkish central bankers when it comes to monetary policy, Harker said he envisions a scenario where the Federal Reserve increases its benchmark overnight rate three times total in 2018 and three…

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short GBPUSD

short GBPUSD British Pound/U.S. Dollar FX:GBPUSD BOAFX Fundamentals:- After yesterdays week CPI             reading from the UK we can expect the GBP to weaken further against the USD. A rate hike from the US is likely sooner rather than later and although the dollar is still quite high we can expect strength until the rate…

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“The White House Is Running This”: Grassley Demands DOJ Unredact Mystery Strzok-Page Texts

Senate Judiciary Committee Chairman Chuck Grassley (R-IA) fired off a letter to the Department of Justice Wednesday demanding unredacted versions of text messages between FBI agent Peter Strzok and former bureau attorney Lisa Page, including one exchange which took place after Strzok had returned from London as part of the recently launched “Operation Crossfire Hurricane” –…

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GBPUSD, looking bearish

GBPUSD, looking bearish

British Pound/U.S. Dollar FX:GBPUSD

krisarmitage

Awaiting a minor pullback before we see further bearish action possibly, we have broken through trendline and EMA 200, we may see pullback to the green area which …

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U.S Weekly Jobless Claims Increase

New applications for U.S. unemployment benefits increased more than expected last week, but remained below a level consistent with a healthy labor market. Initial claims for state unemployment benefits rose 11,000 to a seasonally adjusted 234,000 for the week ended May 19, the Labor Department said on Thursday. Claims data for the prior week was…

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200 Day Moving Average switch from support to resistance

200 Day Moving Average switch from support to resistance Bitcoin / Dollar BITFINEX:BTCUSD BCryptological Having lost respect for the 200 Day Moving Average by dropping under in early March, this trend line is now predictably acting as strong resistance. Expect further failed attempts to push above it over the coming months. Add the Moving Average…