Capital Street FX
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Capital Street FX is a leading global broker offering trading services in Forex Trading, Equity Trading, CFDs, Futures and ETF's on Currencies, Commodities, Stocks and more.
Capital Street FX
19h ago
Economic growth in the United States decelerated beyond expectations in the first quarter.
The pace of economic growth in the United States decreased more than anticipated during the first quarter. However, a rise in inflation hinted that the Federal Reserve would refrain from reducing interest rates until September.
The Commerce Department’s Bureau of Economic Analysis reported that gross domestic product (GDP) expanded at a 1.6% annualized rate in the last quarter, according to its advance estimate of first-quarter GDP on Thursday. Consumer spending played a significant role in supporting th ..read more
Capital Street FX
19h ago
Today, the price of Bitcoin dips below $64k as the decline in tech stocks spills over into the cryptocurrency realm. FUNDAMENTAL OVERVIEW:
On Thursday, Bitcoin experienced a decline due to diminished risk appetite, influenced by a downturn in major U.S. technology stocks, which consequently affected the cryptocurrency markets—additionally, the anticipation surrounding interest rate indicators added to the downward pressure.
Over the previous 24 hours, the largest cryptocurrency in the world experienced a 3.9% decline, dropping to $63,984.9 by 07:50 ET (11:50 GMT).
The correlation between Bitco ..read more
Capital Street FX
6d ago
USD/CHF edges closer to the 0.9050 mark as geopolitical tensions in the Middle East ease FUNDAMENTAL OVERVIEW:
The USD/CHF pair inches upwards as the US Dollar strengthens due to reduced expectations of a Fed rate cut in June.
Diminished tensions in the Middle East may decrease demand for the safe-haven CHF, while higher US Treasury yields are bolstering support for the Greenback.
The USD/CHF climbed for the second day in a row on Monday, reaching close to 0.9050 during European trading hours. Israel’s move to withdraw more troops from Southern Gaza, possibly under increasing international p ..read more
Capital Street FX
1w ago
As Tuesday’s US trading session commences, the US Dollar begins to retreat in anticipation of Powell’s appearance.
The US Dollar extends its winning streak for the fifth consecutive day but may soon face a reversal.
Investors anticipate a potential shift in tone from Fed Chairman Powell on Tuesday.
The US Dollar Index approaches the 106 level once more, hinting at a possible break below, akin to Monday’s movement.
As the US session approaches, the US Dollar Index (DXY) pauses its upward momentum, prompting a reversal and a slight decline in the Greenback. However, in the larger context, the ..read more
Capital Street FX
1w ago
Gold price stays subdued around $2,370 amid a strong US dollar, showing a lack of sustained selling pressure. FUNDAMENTAL OVERVIEW:
During the early European session on Tuesday, some sellers were drawn to the gold price (XAU/USD), causing it to reverse a significant portion of the overnight rebound from the $2,325-2,324 range, which marked a multi-day low.
During the early hours of the European session on Tuesday, the gold price (XAU/USD) saw some selling activity, leading to a significant reversal of the overnight gains from the $2,325-2,324 range, which marked a multi-day low. Concurrently ..read more
Capital Street FX
2w ago
The USD/CAD nears the 1.3750 mark as the Federal Reserve plans to postpone rate cuts. FUNDAMENTAL OVERVIEW:
The USD/CAD surges to 1.3735 amid a weakened Canadian Dollar due to negative market sentiment.
Investor caution grows as hopes for Federal Reserve rate cuts in June diminish.
Bank of Canada’s Macklem regards the shift in expectations towards Fed rate cuts in June as plausible.
The USD/CAD pair is edging closer to the 1.3750 mark during Friday’s London session. The Canadian dollar continues its upward momentum for the third consecutive trading session as investors anticipate the Federal ..read more
Capital Street FX
2w ago
Consumer prices in the US increased beyond expectations in March.
In March, consumer prices in the United States rose beyond anticipated levels due to higher gasoline and shelter costs, raising additional uncertainty regarding the Federal Reserve’s potential decision to initiate interest rate cuts in June.
According to the Bureau of Labor Statistics (BLS) within the Labor Department, the consumer price index increased by 0.4% last month, following a similar rise in February.
More than half of the Consumer Price Index (CPI) increase was attributed to rising gasoline and shelter costs, which enc ..read more
Capital Street FX
2w ago
Oil prices climb as concerns in the Middle East outweigh the increase in US crude inventories. FUNDAMENTAL OVERVIEW:
On Wednesday, oil prices increased following two consecutive days of declines, driven by a stalemate in Gaza ceasefire negotiations that reignited concerns regarding the security of oil supply from the Middle East. This development overshadowed a larger-than-anticipated build in US crude inventories.
The Oil price retraces after hitting a new five-month peak. Nevertheless, mounting tensions in the Middle East region sustain demand for oil. Israel’s proposal for a ceasefire falls ..read more
Capital Street FX
2w ago
The US Dollar is hovering around the 104.00 mark, experiencing a slight easing.
The US Dollar remains stable and maintains its sideways movement following a subdued trading session on Monday.
The US economic agenda includes Business Optimism figures.
Despite somewhat dovish remarks from both Fed’s Goolsbee and Kashkari, the US Dollar Index remains above 104.00.
The US Dollar (USD) maintains stability following a sluggish start to the trading week. On Monday, the Greenback experienced minimal movement and only saw a slight decline after Federal Reserve Bank of Minneapolis President Neel Kashk ..read more
Capital Street FX
2w ago
The price of gold continues its robust upward trend, reaching a new record high surpassing the $2,350 level. FUNDAMENTAL OVERVIEW:
For the third consecutive day on Tuesday, the gold price draws in buyers, extending its positive momentum for the tenth time in the last eleven days, reaching a new all-time high in the first half of the European session.
The gold price (XAU/USD) continues to attract buyers for the third consecutive day on Tuesday, marking the tenth day of positive movement in the last eleven days. It reaches a new all-time high during the first half of the European session. Howeve ..read more