The opening statement by James Comey has been released. It includes details that the press has already reported on, but nothing new. Trump asked Comey for loyalty from the very beginning. He probably wanted loyalty that exceeds the independence of the FBI. In addition, he asked Comey to “let Flynn go”. This implies an obstruction of [...]
The post Comey statement released – nothing we didn’t know – USD/JPY up, gold falls appeared first on Forex Crunch.
US crude oil inventories rose by around 3.3 million barrels, a big surprise given expectations for a drop of the same large scale. In addition, gasoline and distillates are also up by millions of barrels against expectations. WTI Crude oil dipped under $46, around $2 down after a few days of stability. The OPEC deal [...]
The post Crude crash: oil prices drop below $46 as inventories rise appeared first on Forex Crunch.
Former FBI Director James Comey makes an official testimony in Washington about Trump’s dealings with Russia and with him. Did the President obstruct justice? The event is highly anticipated and broadcast nationwide. Comey may dodge questions and provide the dollar some relief, or he may spill the beans, sending the dollar down. Preview of the [...]
The post Comey testimony preview: the final end of the Trump rally? appeared first on Forex Crunch.
EUR/USD woke up from its pre-ECB nap and dropped some 70 pips, holding onto 1.12 at the moment. The trigger is related to the ECB meeting tomorrow. Leaks, rumors, and reports are quite common and this is no different. The ECB is reportedly going to cut inflation forecasts for 2017, 2018, and 2019 to only 1.5%, a [...]
The post EUR/USD drops sharply on worries for Draghi drag appeared first on Forex Crunch.
Brits go to the polls on June 8th in what has turned out to be an unexpectedly open campaign. High uncertainty about the results and also about the turnout imply a potential for high volatility. Here is a preview for the big event. Markets want a landslide Tory victory When PM Theresa May announced the [...]
The post How to trade the UK elections with GBP/USD – the full guide appeared first on Forex Crunch.
