If the selling continues and focus is not diverted somewhere else, questions will soon be asked regarding whether more regional banks will fall.
There are a couple of explanations as to why the USD can afford to ignore the US GDP slowdown – for now. Despite the data announcement on headline achieving anything but limiting prolonged concerns around a recession.
Gold buyers have repeatedly threatened to open the doors of $2000 and finally managed to do so on Monday.
Time has always shown that previous expectations of a USD collapse in international finance has been premature. This time is unlikely to be different.
The EUR/USD forex pair has some really important trading hours which should help day traders if they trade during those times.
Neither the Republican or Democratic party can afford to be blamed for the unbelievable global uproar the U.S running out of money would create.
Gold has unexpectedly dropped below $2,000 for the first time since May 1 as a result of significant strength in the USD. More selling in line for Gold?
As we approach the second half of the month, trading sentiment for global markets from a theme perspective could be a stronger Dollar.
The Bank of England are set to raise UK interest rates for the 12th successive meeting – signalling to the market that more gains ahead for the British Pound?
Traders should not allow debt ceiling headlines to disguise what is really driving financial market sentiment. The main event for the week in terms of economic data releases will be Wednesday’s U.S. inflation report.
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