Markets breathe a sigh of relief following progress on US debt deal
Chris Cammack May 29, 2023 07:11 AM
With the US default looking less likely, traders are pulling out of the USD and beginning to look further ahead.
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Chris Cammack is Head of Content at Schlossbrink and is responsible for ensuring our content across all sites meets the exacting standards of quality and clarity that our readers expect; this includes shaping our editorial guidelines to fit the ever-changing world of online Forex trading and ensuring all broker reviews adhere to our strict review process.
Chris joined the company in 2019 after 10 years’ experience in research, editorial and design for political and financial publications. This background has given him a deep knowledge of international financial markets and the geo-politics that affects them. With a keen eye for editing and a voracious appetite for financial and political current affairs, Chris bring a publisher’s sense of precision and accuracy to all the content we produce. Chris has been trading Forex CFDs since 2012 and has a preference for cTrader and ECN brokers; he has found the GBP/USD pair particularly fascinating over the last few years.
Chris Cammack May 29, 2023 07:11 AM
With the US default looking less likely, traders are pulling out of the USD and beginning to look further ahead.
Chris Cammack May 25, 2023 06:29 AM
The implications of a US default for global financial markets, including the EUR/USD, are generating attention, particularly considering the US dollar's haven status.
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Chris Cammack May 3, 2023 04:47 PM
As expected, today's FOMC meeting resulted in a 25-basis point hike in interest rates. The market´s response was subdued; this hike had been priced in for some time.
Chris Cammack April 12, 2023 04:30 PM
All the major currencies were up against the US dollar following the latest CPI release. But the underlying data may wrongfoot the market in the weeks ahead.