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EUR/USD Closes Over $1.0800 Target 1.1000-1.1100 [Video]
In today's TradeGATEHub Live Trading session, Coach Dale discusses the EURUSD closing over the $1.08 mark and sets a new target range between $1.10 and $1.11.
I am convinced that the Federal Reserve will cut interest rates this year, and this investment company is betting heavily on the residential mortgage market
The Zhitong Finance App learned that an investment company that deals in assets, mortgage-backed securities, and corporate debt is betting heavily on the residential mortgage market, where prices have dropped sharply, because the company expects the Federal Reserve to start cutting interest rates later this year. Scott Burg, chief investment officer of Deer Park Road Management Co. said in an interview that the Steamboat Springs, Colorado-based money management company has raised $170 million for its first mortgage opportunity fund. According to information, the company was in 2008
ECB April Meeting Minutes: Ready to Cut Interest Rates in June
The minutes show that most people think June will not be a single one-time interest rate cut. Currently, the market believes that interest rates will be cut at most three times this year, or two after June, most likely in September and December.
EUR/USD Rises as Further Signs of Cooling Labor Market Weigh on US Dollar
EUR/USD is struck in a tight range slightly below the crucial resistance of 1.0800 in Friday’s European session after a sharp recovery from 1.0725.
EUR/USD: Remains ''Heavy'' on 1.0700-1.0800 Range as Euro's Reactions Appear to Be Short-lived
The single European currency remains between 1,0750 - 1,08 levels after moving little higher on Thursday in the wake of increased US jobless claims.
Forex Today: Steadily Cooling US Labor Market Keep US Dollar on Edge
The US Dollar (USD) recovers modestly during the Asian session on Friday. However, the near-term appeal is still uncertain as higher-than-projected Initial Jobless Claims (IJC) for the week ending May 3 indicated that the United States (US) labor market is struggling to bear the burden of Federal Reserve’s (Fed) restrictive policy framework.